Slovakia Food & Drink Report Q3 2014

Jul 18, 2014 - Business Monitor International - 131 pages
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Though household consumption has recovered slightly over recent quarters, we remain fairly cautious in relation to Slovakia's near-term discretionary spending in the food and drink sector. We forecast unemployment to fall to 12.5% in 2014, the first time the rate has fallen below 14% since 2010. We expect the recovery in household spending to gain traction, and hold our forecast for private consumption growth in 2014 at 2.0%, up from -0.6% and 0.2 the last 2 years. This implies a significant 1 percentage point contribution to headline growth, which has relied solely on external demand since the economic crisis hit. We forecast this increase in private consumption to translate to a 3.1% increase in total food consumption through 2014.

Headline Industry Data (local currency)
  • 2014 per capita food consumption growth = +3.05% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to 2018 = +3.73%
  • 2014 alcoholic drinks sales growth = +2.53% y-o-y; forecast CAGR to 2018 = +5.06%
  • 2014 soft drinks sales growth = +2.01% y-o-y; forecast CAGR to 2018 = +3.54%
  • 2014 mass grocery retail growth = +3.14% y-o-y; forecast CAGR to 2018 = +4.89%
Key Company Trends

In June 2013, The Grocer reported that the UK-based Jamie Oliver food brand now has products available in 39 countries worldwide. The English chef has released a range of Italian pasta sauces and oils in 13 countries since Q112, taking the total number of countries where products are sold to 39. The latest additions are Slovakia, South Africa, Brazil, the Netherlands and Australia.

Risks To Outlook

The downside risks to our core view have subsided; however, they have not disappeared completely. The recovery in domestic demand remains fragile, and we also note that export growth - still the pillar of economic expansion - remains vulnerable to headwinds in the eurozone, especially Germany and the Czech Republic, the two most important export markets. A concentrated industrial base also creates a risk that...

The Slovakia Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Slovakia Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Slovakia.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Slovakia to test other views - a key input for successful budgeting and strategic business planning in the Slovak food and drink market.
  • Target business opportunities and risks in Slovakia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
  • Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.
Coverage

BMI Industry View

Summary of BMI's key industry forecasts, and views, covering food and drink manufacturing and consumption and the retail market.

Business Environment Rankings

BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors, and within the broader political, economic and business environment.

Food Forecasts

BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:

Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.


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Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.