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"Lithuania Food & Drink Report 2014" Published


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2013-12-26 00:46:06 - Fast Market Research recommends "Lithuania Food & Drink Report 2014" from Business Monitor International, now available

Lithuania has finally escaped the most severe economic crisis over the past decade. The post-downturn period will be marked by modest economic expansion, with forecast real GDP growth of 3.4% in 2013 and 3.6% in 2014. Recovering consumer optimism will be mitigated by persisting high unemployment levels and continued government austerity measures. High emigration levels and negative natural population growth will set the country's 3m population on the decline, which will become a fundamental obstacle for food and drink industry expansion over the longer term.

Headline Industry Data (local currency)

* Per capita food consumption growth in 2013: +2.68%; compound annual growth rate (CAGR) to 2017: +4.00%
* Alcoholic drinks sales value growth in 2013: -0.55%; CAGR to 2017: +4.14%
*

Total mass grocery retail sales growth in 2013: +1.89%; CAGR to 2017: +6.29%

Full Report Details at
- www.fastmr.com/prod/754590_lithuania_food_drink_report_2014.aspx

Key Company Trends

Zemaitijos Pienas To Establish UK Cheese Brand: Lithuanian cheesemaker Zemaitijos Pienas is to open a chain of cheese cafes in and around London, according to The Grocer. The cafes will operate under its Dziugashouse brand, and sell a range of cheeses, in addition to other consumables including ice cream and chocolate. The launch follows the company's decision to establish a sales office in the UK earlier in 2013. Polish Frozen And Chilled Ready Meals Company Targeting Lithuania: In November 2012, local press reported that Polish company U Jedrusia, which deals in the manufacturing and distribution of frozen and chilled ready meals, is planning to expand to the Baltic region. The company reportedly is targeting Lithuania first, focusing on the less developed sector of chilled ready meals. U Jedrusia will reportedly partner with retailer Maxima in order to gain maximum exposure to consumers.

Vilniaus Degtine Posts Strong H112 Performance: One of the most prominent alcoholic drinks manufactures in Lithuania, Vilniaus Degtine, posted a 38.9% year-on-year (y-o-y) increase in sales in H112. In volume terms, sales were 24.2% higher, with the positive performance attributed to the 'renewal of the product range and active marketing activities'. Its exports grew 37.3% in the same period.

Key Risks To Outlook

We believe that the immediate risks to our outlook on Lithuania's economy lie to the upside, given that a robust performance in gross fixed capital formation in H113 could extend into the second half of the year, which would see stronger fixed investment growth in 2013 than we are currently forecasting. The positive effects on growth, however, would be somewhat muted by stronger than expected imports of goods and services growth, as higher fixed investment would require higher imports of capital and intermediary goods.

Looking ahead, we still believe that downside risks cannot be ignored, as Lithuania's consumer outlook is still weak and consumers may struggle to increase spending levels over the next few years amid structurally high unemployment and tightening credit conditions in the west.

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, 2010-2017
- Confectionery
- Table: Confectionery Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Meat
- Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Snack Food
- Table: Snack Food Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Pasta
- Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Dairy
- Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Drink
- Alcoholic Drinks
- Table: Alcoholic Drinks Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Soft Drinks Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Hot Drinks
- Table: Hot Drinks Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales - Historical Data & Forecasts, 2010-2017
- Table: Table: Grocery Retail Sales By Format
- Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2010-2017
Macroeconomic Forecasts
- Economic Activity
- Table: Lithuania - 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)
- Lithuania Risk/Reward Ratings
- Table: Core Views
- 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)
Market Overview
- Food
- Food Consumption
- Food Processing
- Confectionery
- Trade
- Agriculture
- Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
- Drink
- Alcoholic Drinks

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=754590&dt=t

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 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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