2013-03-15 12:39:27 -
New Food research report from Business Monitor International is now available from Fast Market Research
The dour outlook for employment forms the backbone of our downbeat growth forecast for private consumption and imports in Australia, as we expect households to cut back amid negligible disposable income growth. Thus, we are forecasting a slowdown in private consumption growth and expect import growth to record a contraction in 2013. This contraction in imports will, in turn, allow Australia's current account to return to surplus in 2014 and begin the process of reducing the external indebtedness that has built up close to 40 years of deficit. This is likely to leave our food and drink sales growth forecasts relatively subdued in the medium term. Even if economic conditions take a turn for the better, the shift of consumption
habits towards private labels in Australia is likely to remain firmly entrenched over the coming years as a growing number of consumers acknowledge private labels as a very compelling alternative to proprietary branded goods.
Full Report Details at
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www.fastmr.com/prod/552253_australia_food_drink_report_q2_2013.a ..
Headline Industry Data (local currency)
* 2013 per capita food consumption = +1.2%; forecast to 2017 = +6.5%.
* 2013 soft drinks sales = +1.6%; forecast to 2017 = +12.1%.
* 2013 alcoholic drinks sales = +1.5%; forecast to 2017 = +11.2%.
* 2013 mass grocery retail sales = +2.6%; forecast to 2017 = +21.1%.
Key Industry Trends And Developments
King Oscar Set For Australian Relaunch: Australia-based food company Manassen is set to relaunch the King Oscar brand of sardine products, reports AusFoodNews. The relaunch comes as part of the brand's celebration of 100 years of exported business to Australia. Manassen's campaign will highlight the health and nutritional value of King Oscar sardines, as well as the brand's commitment to quality and to environmental responsibility.
Accolade To Relaunch Hardys Wine Range In UK: Australia-based drinks producer Accolade Wines will relaunch Hardys Wine in the UK in June 2013, Food Business Review reports. The group plans to promote the brand's wine portfolio, which includes the beverages Thomas Hardy, Eileen Hardy and Sir James, and position it as a premium name in the sector. In addition to its current line-up, Hardys announced it will also release a regional spirits range in 2013.
Risks To Outlook
A slowdown in China presents risks to Australian export growth, given that on average 27% of total exports are bought by the Chinese. If we include exports to other countries that equally have huge exposure to China, the figure rises to 47%, up from just 32% in 2000. With a large proportion of Australian exports reliant on continued growth in Chinese infrastructure, export growth is likely to continue to fall. Indeed, the external environment continues to weaken, with the slowdown in the Chinese economy threatening to blow out hopes of greater export demand.
Partial Table of Contents:
BMI Industry View
SWOT
- Food
- Drink
- Mass Grocery Retail
Industry Forecast
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2012-2017
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2012-2017
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2012-2017
- Drink
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2012-2017
- Hot Drinks
- Table: Hot Drinks Value Sales - Historical Data & Forecasts, 2012-2017
- Soft Drinks
- Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2012-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2012-2017
- Trade
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2012-2017
Macroeconomic Forecast
- Economic Analysis
- Structural Obstacles Continue To Weigh
- Correction In House Prices Unavoidable
- Fiscal Stimulus Unlikely To Prevent The Downturn
- Table: Australia - Economic Activity
Industry Risk Reward Ratings
- Asia Pacific Risk/Reward Ratings
- Table: Asia Pacific Food & Drink Risk/Reward Ratings Q213
- Table: Asia Pacific Q213 Selected Countries Risk/Reward Sub Factor Ratings (scores out of 10)
- Australia - Industry Risk Reward Ratings
Market Overview
- Food
- Food Processing
- Functional Foods
- Confectionery
- Canned Food
- Trade
- Agriculture
- Organic Farming
- Drink
- Alcoholic Drinks
- Hot Drinks
- Soft Drinks
- Mass Grocery Retail
- Leading MGR Players
Industry Trends And Developments
- Food
- Drink
- Mass Grocery Retail
Competitive Landscape
- Food & Drink
- Table: Key Players In Australia's Food & Drink Sector
- Mass Grocery Retail
- Table: Key Players In Australia's Mass Grocery Retail Sector
Company Profile
- Dairy Farmers
- Heinz Australia
- Cadbury Australia
- Lion Nathan
- Foster's Group
- Coopers Brewery
- Coca-Cola Amatil
- Aldi
- Wesfarmers
- Foodworks
- Woolworths
Full Table of Contents is available at:
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About Business Monitor International
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 in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at
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