2014-02-10 00:09:01 - Russia Food and Drink Report Q1 2014 - a new market research report on companiesandmarkets.com
The decision by Russian monetary authorities to rein in consumer credit growth will translate into weaker-than-anticipated private expenditure beyond 2013. We have already cautioned that consumer lending growth of 39.8% - the average for the 12-month period ending in May 2013 - was unsustainable.
The decline will weigh on household spending into 2014, with the concomitant effects on food and drink spending.
Headline Industry Data:
- 2014 per capita food consumption (local currency) = +9.7%; forecast compound annual growth rate (CAGR), 2013 to 2017 = +9.1%.
- 2014 beer volume sales = -1.0%; forecast CAGR to 2017 = 0.4%.
- 2014 fruit juice volume sales = +4.6%; forecast CAGR to 2017 = +5.0%.
- 2014 mass grocery retail sales (local currency) = +28.3%; forecast CAGR to
2017 = +30.0%.
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