New Market Study Published: Croatia Food & Drink Report Q4 2013

From: Fast Market Research, Inc.
Published: Mon Sep 16 2013


BMI Industry View

We see private consumption subtracting 0.7 percentage points (pp) from growth in 2013, as high unemployment, stagnant wage growth and low disposable incomes continue restraining Croatian consumers' ability to spend. Furthermore, consumer loans from the banking sector are likely to continue falling (loans contracted by 4.2% y-o-y in April), as the parent banks of Croatian subsidiaries deleverage, which is likely to further restrain consumer spending. Against this backdrop, household consumption subtracted 1.8pp from growth in Q113, a slight moderation from a 2.6pp subtraction the previous quarter.

Headline Industry Data (local currency)

* 2013 per capita food consumption = +0.9%; per capita forecast compound annual growth rate (CAGR) to 2017 = +2.8%.
* 2013 alcoholic drinks value sales = +0.8%; forecast CAGR to 2017 = +3%.
* 2013 soft drinks value sales = +0.3%; forecast CAGR to 2017 = +4.8%.
* 2013 mass grocery retail = +1.9%; forecast CAGR to 2017 = +3.4%.

Full Report Details at
- http://www.fastmr.com/prod/670641_croatia_food_drink_report_q4_2013.aspx?afid=303

Key Company Trends

Lidl Reducing Pace Of New Store Openings In Croatia: In March 2013, local newspaper Poslovni dnevnik reported that German-owned discount retailer Lidl is reportedly slowing the pace of new store openings until the economic situation is judged to have improved. Lidl management are hoping that EU entry for Croatia will allow Croatian produce to be offered throughout the retailer's European network, which numbers around 9,500 outlets.

About Fast Market Research

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