(MENAFNEditorial)
Anaemic consumer spending will be the main drag on Croatia's economic recovery over the next few years and underpins our view that the economy is one of the least attractive in the EU. We expect retail sales growth to remain subdued as disposable incomes continue to fall amidst declining wages painfully high unemployment (19.6% in May) and still-high household indebtedness. These factors underpin our view that consumer confidence will remain in the doldrums for the foreseeable future with households delaying big spending decisions amidst the uncertain economic environment.
Headline Industry Data (local currency)
* Total food consumption growth in 2014: +1.3% year-on-year (y-o-y); compound annual growth rate (CAGR) to 2018: +2.4%.
* Per capita food consumption growth in 2014: +1.7% y-o-y; CAGR to 2018 +2.8%.
* Alcoholic drinks sales growth in 2014: +1.6% y-o-y; CAGR to 2018: +3.0%.
* Soft drinks sales growth in 2014: +3.7% y-o-y; CAGR to 2018: +4.3%.
* Mass grocery retail sales growth in 2014: +3.0% y-o-y; CAGR to 2018: +3.5%.
Full Report Details at
- http://www.fastmr.com/prod/860663_croatia_food_drink_report_q4_2014.aspx?afid=101
Key Company Trends
Agrokor Succeeds In Mercator Bid : In summer 2014 Croatian giant Agrokor announced that it had completed a deal to acquire a 53.1% stake in Slovenian based retailer Mercator in a deal worth EUR323.8mn. The move ends a long-running saga which involved a EUR1bn debt restructuring deal agreed with Mercator's banks in spring 2014. Agrokor has subsequently announced that it intends to launch a bid for the remaining 47% stake of Mercator that it does not own.
Badel 1862 Seeks Strategic Partners : In spring 2014 Croatian alcoholic and soft drinks producer Badel 1862 announced that it is inviting interested investors to file expressions of interest for strategic partnership with the company. Subsequently the company has announced that it has received five indicative offers from potential investors in the first round of a strategic partnership tender. It is understood that local food company Podravka has...
The Croatia Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure consumption sales and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services sales investments partners and expansion strategies.
BMI's Croatia Food & Drink Report provides industry professionals and strategists sector analysts business investors trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Croatia.
Key Benefits
* Benchmark BMI's independent food and drink industry forecasts for Croatia to test other views - a key input for successful budgeting and strategic business planning in the Croatian food and drink market.
* Target business opportunities and risks in Croatia through our reviews of latest industry trends regulatory changes and major deals projects and investments.
* Exploit latest competitive intelligence on your competitors partners and clients via our Company Profiles (inc. SWOTs KPIs and latest activity) and Competitive Landscape Tables.
Coverage
BMI Industry View
Summary of BMI's key industry forecasts and views covering food and drink manufacturing and consumption and the retail market.
Business Environment Rankings
BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors food and drink manufacturers and mass grocery retailers.
The rankings methodology makes sophisticated use of over 40 industry economic and demographic data points.
Industry SWOT Analysis
Analysis of the major Strengths Weaknesses Opportunities and Threats within the food drink and mass grocery retail sectors and within the broader political economic and business environment.
Food Forecasts
BMI's food chapter is divided into sections such as Meat Fish Confectionary Dairy and Canned Foods and provides insight into a market's food industry centred on a forecast to end-2018 for the sector. The chapter includes the following elements:
Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption food consumption as % of GDP canned food sales confectionery sales and food and drink imports and exports among others.
Industry Developments - A summary of corporate developments including news on M&As FDI expansions closures and financial results in addition to analysis and explanation of the latest industry events and how these could influence further investment.
Market Overview - An overview of the structure of the market introducing the key players and discussing underlying trends.
Drink Forecasts
Segmented the same way as BMI's food chapter the drink section provides insight into the market's drink industry centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value volume and sub-sector and tea and coffee sales among others.
Mass Grocery Retail Forecasts
Segmented the same way as BMI's food and drink chapters the mass grocery retail section provides insight into a market's grocery retail industry centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets hypermarkets convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector among others.
Competitive Landscape & Profiles
Illustration of the industry via rankings tables comparing revenues number of outlets and number of employees. BMI analyses each company's market position business strategies and investment potential.
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