"South Korea Food & Drink Report Q4 2012" is now available at Fast Market Research

2012-11-13 16:05:17 - Recently published research from Business Monitor International, "South Korea Food & Drink Report Q4 2012", is now available at Fast Market Research

South Korea's household debt is a perpetual concern for the economy. On the back of a sliding economy and a sputtering property market, private consumption is likely to be stymied as the debt servicing burden compels consumers to scale back their expenditure. Moreover, an expected rise in unemployment is expected to place further pressure on expenditure patterns. Businesses have thus far been able to stave off laying off workers by resorting to measures such as cutting salaries and asking workers to take unpaid leave in order to lower the cost burden. We expect consumption to grow 1.5% and 3.6% in 2012 and 2013 respectively. We highlight that the risks to consumption growth are weighted to the downside in view of

the enormity of the economy's household debt.

Full Report Details at
- www.fastmr.com/prod/499811_south_korea_food_drink_report_q4_2012 ..

Headline Industry Data (local currency)

* 2012 per capita food consumption = +3.7%; forecast to 2016 = +23.2%
* 2012 alcoholic drink value sales = +5.0%; forecast to 2016 = +27.0%
* 2012 soft drink value sales = +3.4%; forecast to 2016 = +28.3%
* 2012 mass grocery retail sales = +3.7%; forecast to 2016 = +44.9%

Key Industry Trends And Developments

Alcohol Imports Soaring: Recently signed free trade agreements with Europe and the US have led to a surge in alcohol imports to South Korea, according to the latest data from the Korea Wines & Spirits Importers Association, as reported by the Korea Herald. Between January and July 2012, imports of US wine from Spain and Germany increased by 19.7% and 19.9% respectively, while imports of US wine increased by 19.4%. Chilean wine proved to be a loser, with imports down by 3.5%, while imports of French wine fell in volume terms but increased in value terms.

No Pickup In Food CPI Despite Grains Rally: After a year of food price disinflation in Asia, the significant rally in grain prices over the last quarter has stoked fears of a return of food consumer price (CPI) pressure. Despite the recent grain prices hike, we do not see food CPI picking up again in Asia at least until 2013.

Risks To Outlook

If there is a sharper than expected downturn in the global economy or even an implosion in South Korea's household debt market, we would expect a substantial weakening in its exports sector, which in turn may push the economy into a pronounced recession.

Partial Table of Contents:

SWOT Analysis
- South Korea Food Industry SWOT
- South Korea Drink Industry SWOT
- South Korea Mass Grocery Retail Industry SWOT
Business Environment
- BMI's Core Global Industry Views
- Table: Core Views
- Asia Pacific Food & Drink Risk/Reward Ratings
- Table: Food & Drink Risk/Reward Sub-Factor Ratings, Q412 (score out of 10)
- Table: Asia Pacific Food & Drink Risk/Reward Ratings, Q412
- South Korea's Food & Drink Risk/Rewards Rating
- Macroeconomic Outlook
- Table: Economic Activity
Industry Forecast Scenario
- Consumer Outlook
- Food
- Food Consumption
- Table: Food Consumption Indicators - Historical Data & Forecasts, 2009-2016
- Canned Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Table: Sugar Confectionery
- Processed Meat
- Table: Processed Meat
- Preserved Fish
- Table: Preserved Fish
- Oils & Fats
- Table: Oils & Fats
- Dairy
- Table: Dairy
- Trade
- Table: Trade Indicators - Historical Data & Forecasts
- Drink
- Hot Drinks
- Table: Hot Drinks Value Sales - Historical Data & Forecasts
- Alcoholic Drinks
- Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts
- Table: Beer
- Soft Drinks
- Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2009-2016
- Table: Carbonates
- Table: Bottled Water
- Mass Grocery Retail
- Table: Mass Grocery Retail Sales Value by Format - Historical Data & Forecasts, 2009-2016
- Table: Retail Sales By Format
Food
- Key Industry Trends And Developments
- FTA Could Lead to Problems For Agricultural Sector
- Noodle Manufacturers Fined For Price Fixing
- Opening Up The Agriculture Market
- Inflow And Outflow Of Investments
- Market Overview
- Agriculture
- Organics
- Food Processing
Drink
- Key Industry Trends And Developments
- Growing Diversity In South Korean Beer Market
- FTA To Imbue Alcoholic Drinks Sector With Greater Dynamism
- Product And Geographical Expansion To Gain Prominence
- Market Overview
- Alcoholic Drinks
- Soft Drinks
Mass Grocery Retail
- Key Industry Trends And Developments
- FamilyMart Indicates Further Expansion In South Korea
- Frustration Over Increasingly Regulated Retail Landscape
- Tesco Has Ample Motivation To Acquire Hi-Mart
- Local Retailers Set Sights On High-Growth Regional Assets
- Retailers Face Hurdles In Pursuing Domestic Growth
- Market Overview
- Table: Estimated Number Of MGR Outlets
- Table: MGR Sales Value (US$bn)
- Table: MGR Sales Value (KRWbn)
- Table: Average Sales Per Outlet By Format, 2010
Competitive Landscape
- Key Players
- Table: Key Players In South Korea's Food Sector
- Table: Key Players In South Korea's Drink Sector
- Table: Key Players In South Korea's MGR Sector
Company Monitor
- Food
- Maeil Dairy Industry
- Nong Shim Co Ltd
- Drink
- Hite Brewery
- Oriental Brewery
- Mass Grocery Retail
- Lotte Shopping
-

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=499811&dt=t

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