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"Estonia Food & Drink Report 2014" Published


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2013-12-05 17:19:32 - Fast Market Research recommends "Estonia Food & Drink Report 2014" from Business Monitor International, now available

BMI Industry View

As Estonia's unemployment rate continues to fall and household incomes continue to rise, its consumer outlook appears positive. The retail sector is feeling comfortable and plans further modest expansion of ranges and premises during 2014, with the mass grocery retail players being no exception. The more stable eurozone should also buoy up Estonia's economic and investment outlook, although the fragility of some eurozone members' economies means that continued stability of the currency is not guaranteed.

Headline Industry Data (local currency)

* 2013 per capita food consumption: +2.22%; forecast compound annual growth rate (CAGR) to 2017: +1.71%.
* 2013 alcoholic drinks sales (volume): +0.44%; forecast CAGR to 2017: +0.68%.
* 2013 soft drinks sales (volume): +2.01%; forecast CAGR to 2017:

+0.72%.
* 2013 mass grocery retail sales: +2.42%; forecast CAGR to 2017: +3.88%.

Full Report Details at
- www.fastmr.com/prod/723452_estonia_food_drink_report_2014.aspx

Key Company Trends

Estonian Spring Cereal and Non-Cereal Yields Higher In 2013: Statistics Estonia reported in September 2013 that the harvest of key agricultural commodities had been completed considerably earlier than in 2012. By mid-September, 97% of areas planted to cereal grains had been harvested, as had 79% of rape and turnip rape, but just 47% of potatoes had been harvested. The yield of these non-cereal commodities was reportedly greater than in 2012. In terms of yields, one hectare of harvested rape/turnip rape yielded more than 2,000kg, while potatoes were averaging 21,982kg of crop per hectare. While spring cereal yields were higher than in 2012, this has been offset by lower winter cereal yields and overall one hectare delivered an average of 3,317kg - a little down on 2012 overall.

Estonian Vegetable Industry Struggling Against Imports: Despite an ongoing campaign by Estonian agricultural producers, chefs and other activists regarding eating domestic food products, the Estonian Horticultural Association highlighted that local vegetable producers faced huge challenges from foreign competition. One of the country's largest tomato producers had resorted to giving away tonnes of vegetables in 2013 after failing to sell their produce to a national retailer. Cold Estonian winters mean that locally produced vegetables have to be stored in heated premises, and this additional cost tends to make such produce less competitively priced against equivalent imports.

Key Risks to OutlookExternal Environment Continuing To Pose Downside Risks: While the domestic consumption outlook remains relatively bright, Estonia's exposure to the eurozone crisis could have a more pronounced effect on its economic growth, which would eventually trickle down to the consumer level. Inflationary pressure also poses risks to our current forecasts. For the time being, we forecast Estonia's consumer price inflation to fall to 2.4% in 2014, down from 3.2% in 2013. An unexpected increase in commodity prices would drive this figure upward, constraining discretionary spending.

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, 2009-2017
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Dairy
- Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Pasta
- Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Processed Foods
- Meat
- Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Drink
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Soft Drinks
- Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Hot Drinks
- Table: Hot Drinks Value/Volume Sales - Historical Data & Forecasts, 2010-2017
- Table: Hot Drinks Trade Indicators - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2010-2017
- Table: Grocery Retail Sales By Format - Historical Data And Forecasts
- Trade
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2010-2017
Macroeconomic Forecasts
- Economic Activity
- Table: Estonia - GDP by Expenditure
Industry Risk Reward Ratings
- Central and Eastern Europe Risk/Reward Ratings
- Table: Central & Eastern Europe Food & Drink Risk/Reward Ratings Q114
- Table: Central & Eastern Europe Food & Drink Risk/Reward Sub-Factor Ratings Q114 (scores out of 10)
- Estonia Risk/Reward Ratings
Market Overview
- Food
- Food Consumption
- Food Processing
- Leading Food Producers
- Meat Processing
- Confectionery
- Agriculture
- Drink
- Alcoholic Drinks
- Soft drinks
- Hot Drinks
- Mass Grocery Retail
- Table: Table: Structure Of Mass Grocery Retail Market By Estimated Number Of Outlets
- Table: Table: Structure Of Mass Grocery Retail Sector By Sales Value By Format (US$mn)

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=723452&dt=t

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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 in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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