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Spain Food and Drink Report Q3 2013

Spain drink market: Soft drink industry to grow 2.1% between 2013-2017


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2014-02-10 19:26:02 - Spain Food and Drink Report Q3 2013 - a new market research report on companiesandmarkets.com

As a result of Spanish unemployment reaching 27.2% in Q113 (the highest ever recorded level) we see Spain´s private consumption picture deteriorating further over the next few quarters. Already low, real wages fell by 3.2% y-o-y in Q412 and unemployment is expected to remain above 25% until at least 2016, which will weigh heavily on disposable incomes and consumer spending for the time being. This economic environment will continue to create ideal conditions for private labels to thrive and will provide a sales boost at discount stores. In fact, one company that has managed to do well in 2012 has been the discount food retailer Dia - a Carrefour spin-off. We believe that Dia is one of a select few

 

 

Western Europe-based food retailers with good near-term growth prospects in the region itself.

Headline Industry Data (local currency)

- 2013 per capita food consumption = +1.3%; forecast compound annual growth rate (CAGR) to 2017 = +1.9.
- 2013 alcoholic drink value sales = +0.8%; forecast CAGR to 2017 = +1.5%.
- 2013 soft drink value sales = +1.1%; forecast CAGR to 2017 = +2.1%.
- 2013 mass grocery retail sales = +1.7%; forecast CAGR to 2017 = +2.6%.

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