Slovakia Food & Drink Report Q1 2015

Jan 19, 2015 - Business Monitor International - 119 pages - USD $1,295
Abstract Table of Contents Request Details Related
We forecast Slovak real GDP to expand by 2.8% and 3.2% in 2015 and 2016 respectively, with domestic demand being the engine of growth. Slovakia's consumer price index (CPI) was in contraction for much of 2014 and falling oil prices mean that inflation will stay lower for longer into 2015. In contrast to some developed eurozone states, where falling prices and economic stagnation imply that deflation expectations could become entrenched and act as a major drag on growth potential, we see few risks of this pattern emerging in Slovakia. Instead, disinflation has supported consumption by contributing to rapidly rising real wages since mid-2013, a trend that has further to run in 2015. Rising real wage growth has coincided with accelerating consumer credit growth, rising consumer confidence and gradually improving labour market dynamics, which all bodes well for discretionary spending in the food and drink sector.

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 = +4.88%
Key Company Trends

Iglo Group To Exit Slovakia: Following a review of its overseas sales, UK-based frozen foods business Iglo Group (whose core brands include: Iglo, Birds Eye and Findus) announced in December 2014 that it was withdrawing from Slovakia, Romania and Turkey. European Supermarket Magazine quoted the company saying that ''sales to these three countries are considered immaterial to the Group and so are not expected to have a significant impact on the overall financial performance of Iglo Group.''

Tesco Slovakia Expands And Refreshes Its Private-Label Ranges: Tesco Slovakia's Finest range will total 227 products from November 2014,...

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 mass grocery retail market.

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.

BMI’s Food and Drink Risk Reward Index

BMI’s Risk Reward Indices provide investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Food Forecasts

BMI’s food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into each market’s food industry, centred on a forecast to end-2019 for the sector. The chapter includes the following elements:
  • Industry Forecast scenario – Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food 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 each market’s drink industry, centred on a forecast to end-2019 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 each market’s grocery retail industry, centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector, among others.

Competitive Landscape

Illustration of the mass grocery retail and food and drink industries via rankings tables comparing revenues, number of outlets and number of employees. This chapter also includes data-rich, in-depth regional analysis of the market position, business strategies and investment potential of the region’s leading mass grocery retail and food and drink operators.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Food & drink Reports draw on an extensive network primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.


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About the Publisher
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.