(MENAFNEditorial)
In view of the substantial headwinds facing the Venezuelan economy the country's real GDP is likely to contract by 2. 0 % in 2014 and grow by only 0.8 % in 2015. Despite enormous natural resource wealth the economy's outlook will continue to be dimmed by poor macroeconomic governance high inflation low oil prices and significant political uncertainty. Furthermore we expect household consumption to continue to be constrained by high inflation which has substantially eroded purchasing power (we forecast headline CPI price growth rising to 60.8% year-on-year in 2014) as well as government price controls which create market inefficiencies that significantly reduce productivity (and by extension incomes) .
Headline Industry Data (US dollar terms):
* Per capita food consumption compound annual growth rate (CAGR) forecast 2013 to 2018 = -2.8%.
* Alcoholic drink sales CAGR forecast 2013 to 2018 = +16.0%.
* Soft drink sales CAGR forecast 2013 to 2018 = +16.0%.
* Mass grocery retail sales CAGR forecast 2013 to 2018 = -1.4%.
Full Report Details at
- http://www.fastmr.com/prod/944828_venezuela_food_drink_report_q1_2015.aspx?afid=101
Key Industry Trends And Developments
Venezuela's Grain Sector Facing Structural Difficulties: In 2014/15 the operating environment of Venezuela's grain sector will deteriorate further. Corn production a key staple in the country will decline with implications for the food and drink sector. We forecast corn production to decline by 1.0% year-on-year to 1.34mn tonnes in the 2014/15 season which started in October 2014. The weather during the planting and growing season of the main corn crop (winter) was drier than usual leading to below-par yields.
Strike Ends Negotiations Resume At Nestlé's Venezuela Plant : Workers at Nestlé's El Tocuyo factory in Lara Venezuela lifted a short-lived strike over wages and agreed to re-enter negotiations with the company reported Reuters in November 2014. The union which represents around 780 workers had shut the factory on October 28. The Switzerland-based food company...
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 mass grocery retail market.
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.
BMI’s Food and Drink Risk Reward Index
BMI’s Risk Reward Indices provide investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry economic and demographic data points to provide indices of highest to lowest appeal to investors with each position explained.
Food Forecasts
BMI’s food chapter is divided into sections such as Meat Fish Confectionary Dairy and Canned Foods and provides insight into each market’s food industry centred on a forecast to end-2019 for the sector. The chapter includes the following elements:
* Industry Forecast scenario – Historical data series and a forecast to end-2019 for growth of key indicators within a market’s food industry. Indicators include food 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 each market’s drink industry centred on a forecast to end-2019 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 each market’s grocery retail industry centred on a forecast to end-2019 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets hypermarkets convenience and discount stores) and a breakdown of the organised retail sector versus the traditional sector among others.
Competitive Landscape
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