(MENAFNEditorial)
BMI believes that given the substantial headwinds facing the Venezuelan economy the country's real GDP will expand slowly over the coming years at 1.3% in 2013 and 0.5% in 2014. Despite enormous natural resource wealth the economy's outlook will be dimmed by poor macroeconomic governance high inflation and significant political uncertainty. Furthermore we expect household consumption to continue to be constrained by high inflation which has substantially eroded purchasing power.
Headline Industry Data (USD)
* Per capita food consumption forecast 2014 to 2018 = -0.9%.
* Alcoholic drink sales forecast 2014 to 2018 = +73.6%.
* Soft drink sales forecast 2014 to 2018 = +72.1%.
* Mass grocery retail sales forecast 2014 to 2018 = +78.9%.
Key Industry Trends And Developments
Full Report Details at
- http://www.fastmr.com/prod/888215_venezuela_food_drink_report_q4_2014.aspx?afid=101
Empresas Polar Increases Production Of Bread Flour: The President of Empresas Polar (Lorenzo Mendoza) announced on August 28 2014 that his company had invested VEB212mn in an expansion of its bread flour production plant in Chivacoa Yaracuy state. The expansion will allow for a 21% increase in the plant's production capacity enabling it to produce a further 41244 tonnes of product each year and generate 70 extra jobs. Empresas Polar took this decision in the light of there being no movement by the government on the sale of state owned grain processing plants. At the announcement Mendoza also highlighted that the company intended to review and revise product prices on a quarterly basis to avoid production problems reported El Universal.
Venezuelans Looking For Cheaper Alternatives To Whiskey: The Wall Street Journal reported in August 2014 that sales of whiskey in Venezuela fell by 30% in 2013 and that the trend looks set to continue. The country has fallen out of the top-10 Scotch-whisky drinking nations list from having once been the biggest Latin American consumer of the product. Quite simply soaring inflation and state currency controls are effectively pricing the product...
The Venezuela 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 Venezuela 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 Venezuela.
Key Benefits
* Benchmark BMI's independent food and drink industry forecasts for Venezuela to test other views - a key input for successful budgeting and strategic business planning in the Venezuelan food and drink market.
* Target business opportunities and risks in Venezuela 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.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.