Slovakia Food and Drink Report Q3 2009

Slovakia Food and Drink Report Q3 2009

Published By: Business Monitor International
June 2009
R302-6637
Online Download $495.00

Description

In BMI's Business Environment Rating (BER) matrix for Q309, Slovakia is placed in joint fifth position,alongside Slovenia, out of the 14 major regional markets surveyed in Central and Eastern Europe (CEE).

In fact, Slovakia has considerably improved its position in the CEE matrix since Q408, although one ofthe reasons for this is that some other countries in the region are expected to fare worse in the currenteconomic downturn. However, Slovakia is also expected to post negative GDP growth for the year, withBMI recently revising our projection of -0.9% to -2.5% in line with the ongoing economic slowdown inthe eurozone. Beyond 2009, we expect trend growth to settle at a much lower rate than in previous years,averaging 3.4% between 2011 and 2013.

In the meantime, key draws to doing business in Slovakia will remain based on its pro-business stanceand relatively high per capita food and drinks consumption. However, its modest population size andfalling consumer purchasing power will hamper the development of the food and drinks value throughoutthe current year at least, although official figures for February 2009 suggest that food, drinks and tobaccosales are holding up well, rising by 12.9% year-on-year (y-o-y), despite a double-digit fall in terms ofoverall retail sales. Through 2013, we expect an 18% US dollar increase in food consumption atconsumer prices, to some US$6.9bn. The January 2009 adoption of the euro is not expected to make amajor difference to prices, as it seems to have resulted in price developments that were in line with thegovernment expectations. Consequently, the authorities do not envisage needing to introduce measures toprevent unjustified increases in prices. What is more, some consumer products, including food andelectronics, are actually priced at lower levels, due to rounding down, rather than up, of their previousprices.

In terms of individual food and beverages segments, the figures released in April 2009 by the SlovakianBeer and Malt Producers' Association (SZVPAS) show that beer sales are struggling, falling by between10 and 15% in the first two months of 2009. The decline has been attributed to a number of factors,including colder weather, the strength of the euro that is encouraging imports, fluctuating prices of rawmaterials, as well as falling consumer confidence. In fact, consumers are already turning to cheaperproducts in the face of a price increase implemented by some brewers to compensate for rising rawmaterial prices. The Association reported that the share of non-premium brands as a percentage of totalconsumption increased from 30% during 2008 to as much as 70%, which will be negatively reflected inmarket values. Breweries such as Heineken Slovensko are attempting to address this trend through thepromotion of larger volume and thus value-for-money packaging, although we expect the sales of beer tocontinue struggling in the face of the current economic adversity.

Table of Contents

Executive Summary: SWOT Analysis; Slovakia Food Industry SWOT; Slovakia Drink Industry SWOT; Slovakia Mass Grocery Retail Industry SWOT; Business Environment; CEE Food & Drink Business Environment Ratings
Table: Regional Food & Drink Business Environment Ratings Q3 2009: Slovakia’s Food and Drink Business Environment Ratings; Macroeconomic Outlook
Table: Slovakia Economic Activity - Historical Data & Forecasts: Food; Industry Forecast Scenario; Food Consumption
Table: Slovakia Food Consumption Indicators - Historical Data & Forecasts: Canned Food
Table: Slovakia Canned Food Value/Volume Sales - Historical Data & Forecasts: Confectionery
Table: Slovakia Confectionery Value/Volume Sales - Historical Data & Forecasts (US$mn unless otherwise stated): Trade
Table: Slovakia Food, Drink & Tobacco Trade Indicators (US$mn) - Historical Data and Forecasts: Industry Developments; Market Overview; Food Consumption; Food Production; Main Players; Confectionery; Canned Food; Trade; Agriculture; Dairy Industry; Drink; Industry Forecast Scenario; Alcoholic Drinks
Table: Slovakia Alcoholic Drinks Indicators - Historical Data & Forecasts: Soft Drinks
Table: Slovakia Soft Drinks Indicators - Historical Data & Forecasts: Hot Drinks
Table: Slovakia Hot Drinks Indicators (US$mn) - Historical Data & Forecasts: Industry Developments; Market Overview; Beer; Wine; Spirits; Soft Drinks
Table: Slovakia - Volume Consumption of Soft Drinks by Category (mn litres)
Table: Slovakia - Value Consumption of Soft Drinks by Category (US$mn): Hot Drinks; Mass Grocery Retail; Industry Forecast Scenario
Table: Slovakia Mass Grocery Retail Sales By Format (US$bn) - Historical Data & Forecasts
Table: Slovakia Grocery Retail Sales By Format (%) - Historical Data & Forecasts: Industry Developments; Market Overview; Main Players
Table: Structure of Slovakia’s Mass Grocery Retail Market by Estimated Number of Outlets
Table: Structure of Slovakia's Mass Grocery Retail Market - Sales Value by Format (US$mn)
Table: Average Value Per Outlet (US$mn): Competitive Landscape; Key Players Food & Drink
Table: Key Players in Slovakian Food & Drink Sector - 2008 estimates: Mass Grocery Retail
Table: Key Players in Slovakian Mass Grocery Retail Sector - 2008: Company Analysis; Food; Tauris AS; Nestlé Slovensko; Kraft Foods Slovakia; Drink; SABMiller Slovakia; Heineken Slovensko AS; Staropramen Slovakia; Mass Grocery Retail; Coop Jednota Slovensko sd; Tesco Stores SR; Schwarz Group; Appendix; Commodity Price Forecasts; Corn
Table: Corn, 2005-2010: Soybean
Table: Soybean, 2005-2010: Rice
Table: Rice, 2005-2010: Wheat
Table: Wheat, 2005-2010: Cocoa
Table: Cocoa, 2005-2010: Coffee
Table: Coffee, 2005-2010: Milk
Table: Milk, 2005-2010: Sugar
Table: Sugar, 2005-2010: Country Snapshot: Slovakia Demographic Data; Section 1: Population
Table: Demographic Indicators, 2005-2030
Table: Rural/Urban Breakdown, 2005-2030: Section 2: Education and Healthcare
Table: Education, 2002-2005
Table: Vital Statistics, 2005-2030: Section 3: Labour Market and Spending Power
Table: Employment Indicators, 2001-2006
Table: Consumer Expenditure, 2000-2012 (US$)
Table: Average Annual Wages, 2000-2012: Food & Drink Business Environment Ratings; Ratings Methodology; Ratings Overview; Ratings System; Indicators; Limits of Potential Returns; Risks to Realisation of Potential Returns; Weighting
Table: Weighting: BMI Food & Drink Industry Glossary; Food & Drink; Mass Grocery Retail; BMI Food & Drink Forecasting & Sourcing; How We Generate Our Industry Forecasts; Sourcing

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