Recently released market study: Slovakia Food & Drink Report Q4 2012

2012-11-17 07:45:10 - Recently published research from Business Monitor International, "Slovakia Food & Drink Report Q4 2012", is now available at Fast Market Research

While we expect Slovakia to post robust real GDP growth in 2012, we emphasise that economic activity is resting on shaky foundations. Household consumption continues to suffer, contracting by 0.1% year-onyear (y-o-y) in Q112. Unemployment remains high by historical standards, growing to 14.1% in Q112, with long-term unemployment becoming increasingly problematic. Of particular issue for the performance of the food and drink market is the high level of youth unemployment, which removes the large base of aspirational consumers who would be receptive to marketing and advertising and who have also the disposable incomes to spend on premium items.

Headline Industry Data (local currency)

* 2012 per capita food consumption = +1.89%; forecast compound annual growth rate (CAGR) to 2016 = +3.47%

* 2012 alcoholic drinks sales = +3.33%; forecast CAGR to 2016 = +3. 64%
* 2012 soft drinks sales = +3.66%; forecast CAGR to 2016 = +3.25%
* 2012 mass grocery retail = +4.17%; forecast CAGR to 2016 = +5.42%

Full Report Details at
- www.fastmr.com/prod/499872_slovakia_food_drink_report_q4_2012.as ..

Key Company Trends

Price and Quality of Foodstuffs More Important than Brands: According to a survey carried out in May 2012 by the European Commission's Eurobarometer, Slovakians primarily seek price and quality when purchasing foodstuffs. Branding was seen as less important, with around 66% of Slovakians indicating its impact on the purchases.

UK's Iceland Foods to Enter Slovakia: CEE Retail reported that UK's Iceland Foods is considering entry into the Slovakian market. Iceland, a frozen foods specialist, is expecting to open its first outlet in Slovakia in the course of late 2013 or early 2014, with a potential seen for as many as 100 stores across the country, starting with larger cities.

Government Mulling over Introduction of Excise Tax on Wine: The government has recently indicated that financial support for the country's viticulture is presently not possible, despite acknowledging the need for such assistance. The authorities have also tabled the introduction of an excise tax on wines, which would be potentially returned to the growers through some form of state aid.

Risks To Outlook

Inflation Risks Slight: In addition to relatively strong rates of economic growth and a high degrees of political stability, we expect Slovak inflation to remain subdued over the long term. Despite slight upside risks posed by the adopted monetary policy from the European Central Bank in the medium term, particularly as Slovak real GDP is expected to outpace the eurozone average, we nevertheless expect upside inflationary pressure to remain somewhat subdued through the end of our forecast period.

Partial Table of Contents:

SWOT Analysis
- Slovakia Food Industry SWOT
- Slovakia Drink Industry SWOT
- Slovakia Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Core Views
- CEE Food & Drink Risk/Reward Ratings
- Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q412 (scores out of 10)
- Table: CEE Food & Drink Risk/Reward Ratings, Q412
- Slovakia's Food & Drink Business Environment Ratings
- Macroeconomic Outlook
Industry Forecast Scenario
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2009-2016
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Meat
- Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2009-2016
- Pasta
- Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2009-2016
- Other Processed Foods
- Table: Jams & Jellies Volume Sales, Production & Trade - Historical Data & Forecasts, 2009-2016
- Table: Baked Products Volume Sales, Production & Trade - Historical Data & Forecasts, 2009-2016
- Dairy
- Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2009-2016
- Drink
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts , 2009-2016
- Soft Drinks
- Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Hot Drinks
- Table: Hot Drinks Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Trade
- Table: Trade Indicators - Historical Data & Forecasts, 2009-2016
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts,2009-2016
Food
- Key Industry Trends And Developments
- Price And Quality Of Foodstuffs More Important Than Brands
- Slovakian Farmers Receive Financial Aid
- Expansion of Fast-Food Chains Continues
- Consolidation In The Food Production Industry
- Companies Looking To Lower Production Costs
- Companies Targeting Niche Segments
- Market Overview
- Food Consumption
- Food Production
- Main Players
- Confectionery
- Canned Food
- Trade
- Agriculture
Drink
- Key Industry Trends And Developments
- Wine Industry Targets Expansion
- Consolidation In Bottled Water Industry
- Foreign Players Remain Interested In Slovakia's Soft Drinks Market
- Market Overview
- Beer
- Hot Drinks
Mass Grocery Retail
- Key Industry Trends And Developments
- Legislation Reversal To Potentially Attract More Foreign Players
- Expansion Of Convenience-Type Stores As Diversification Strategy
- Slovakian Retailers Looking To Expand In The Czech Republic
- Market Overview
- Table: Private Label Purchases In Slovakia, By Retail Outlet
- Leading Retailers
- Table: Structure Of Slovakia's Mass Grocery Retail Market By Number Of Outlets ,2001-2011
- Table: Structure Of Slovakia's Mass Grocery Retail Market - Sales Value By Format ,2001-2011
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Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=499872&dt=t

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