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Croatia food market: Soft drink sales to grow 5% CAGR between 2013-2017
Croatia Food and Drink Report Q4 2013 - a new market research report on 2014-04-18 22:41:01
We see private consumption subtracting 0.7 percentage points (pp) from growth in 2013, as high unemployment, stagnant wage growth and low disposable incomes continue restraining Croatian consumers´ ability to spend. Furthermore, consumer loans from the banking sector are likely to continue falling (loans contracted by 4.2% y-o-y in April), as the parent banks of Croatian subsidiaries deleverage, which is likely to further restrain consumer spending. Against this backdrop, household consumption subtracted 1.8pp from growth in Q113, a slight moderation from a 2.6pp subtraction the previous quarter.
Headline Industry Data (local currency)
- 2013 per capita food consumption = +0.9%; per capita forecast compound annual growth rate (CAGR) to 2017 = +2.8%.
- 2013 alcoholic drinks value sales = +0.8%; forecast CAGR to 2017 = +3%.
- 2013 soft drinks value sales = +0.3%; forecast CAGR to 2017 = +4.8%.
- 2013 mass grocery retail = +1.9%; forecast CAGR to 2017 = +3.4%.
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