2014-02-04 05:30:04 - Belarus Food and Drink Report Q3 2013 - a new market research report on companiesandmarkets.com
We expect to see modest year-on-year (y-o-y) growth in Belarusian private consumption over the course of 2013. While household consumption rose to its highest level since Q1 2011 in Q3 2012, (15.1% y-o-y), we caution that this rapid growth was largely due to its low base. Nevertheless, we note that the decline in consumer price inflation has significantly eased pressure on households, as has the cut to the refinancing rate in H2 2012. Generally speaking, however, we continue to view Belarus as a risky market, on account of its political isolation and the high-degree of government involvement in the economy.
Headline Industry Data (local currency):
- 2013 food consumption value growth = +21.10% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to
2017 = +14.85%.
- 2013 per capita food consumption value growth = +21.48% y-o-y; forecast CAGR to 2017 = +15.21%.
- 2013 alcoholic drinks value sales growth = +25.01% y-o-y; forecast CAGR to 2017 = +13.62%.
- 2013 soft drinks value sales growth = +20.97% y-o-y; forecast CAGR to 2017 = +12.39%.
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