2014-02-10 00:06:03 - Romania Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
The recovery of the Romanian economy is gathering steam, and we forecast real GDP growth to accelerate from 0.7% in 2012 to 2.6% in 2013 and 2.8% in 2014. While the growth will be largely driven by the country´s robust exports, strengthening domestic consumption is expected to become an important supporting factor. In the coming quarters, Romanian consumers will benefit from the minimum wage and pensions increases as well as modestly easing credit conditions. The improving macroeconomic conditions and rising consumer disposable incomes are expected to set a firm foundation for moderate growth in Romania´s food and drink sector over the coming years.
Headline Industry Data (local currency)
- Per capita food consumption growth (year-on-year, y-o-y) in 2013: +4.86%; compound annual growth
rate (CAGR) to 2017: +5.47%
- Alcoholic drinks sales growth (y-o-y) in 2013: +5.08%; CAGR to 2017: +8.54%
- Soft drinks sales growth (y-o-y) in 2013: +5.02%; CAGR to 2017: +6.39%
- Total mass grocery retail sales growth (y-o-y) in 2013: +8.73%; CAGR to 2017: +10.17%
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