Slovenia Food and Drink Report Q1 2011
Business Monitor International, November 2010, Pages: 84
Business Monitor International's Slovenia Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Slovenia's food and drink industry.
The consumer outlook in Slovenia will remain subdued in the short to medium term, with the trend of premiumisation in the country’s relatively mature food and drink market put on hold, due to the impact of the wider economic environment in the country. Growth in private consumption throughout H110 has been flat, and we expect this to continue throughout the year. We have, indeed, revised down our Slovenian growth forecast for 2010 to just 1.8% on the back of persisting weak domestic demand data. Concomitantly, we now have weaker expectation for domestic demand growth, with private consumption forecast to expand by only 0.5%. The situation will ease in the medium to longer term, but we still expect low single-digit annual growth for the country’s food consumption values through to 2015, especially as the discount segment gains prominence within the wider mass grocery retail (MGR) industry. Headline Industry Data (local currency)
- 2010 per capita food consumption: -0.54%; forecast to 2015: +8.09%
- 2010 alcoholic drinks sales: -1.01%; forecast to 2015: +21.42%
- 2010 soft drinks sales: +0.88%; forecast to 2015: +11.84%
- 2010 mass grocery retail sales: +1.61%; forecast to 2015: +27.50%
Key Company Trends
Mercator Continues Expanding throughout Markets of Former Yugoslavia: Leading Slovenian MGR operator Mercator continues to expand its regional presence, in a bid to reduce its reliance on the challenging Slovenian market. To this end, in July 2010, Mercator moved to buy a 77-strong chain of supermarkets in Montenegro, which are owned by local player Pantomarket d.o.o. The transaction also covers the Plus Commerce d.o.o. business. Similarly, on course to meet its year-end market share target of 10% in Serbia, Mercator entered into a strategic agreement with domestic retailer Coka in August 2010. The deal is expected to increase Mercator's market share to 9%. Alongside Croatia, Serbia is Mercator's largest non-Slovenian market in terms of its market share. As such, it is expected that Mercator will continue to invest in expansion in the country over the coming years.
Key Risks to Outlook
The Strengthening Euro – The euro forecast is looking more optimistic than previously. In fact, we have revised our euro forecasts upwards for 2010 and 2011, and modestly for 2012. This should relieve some of the pressure on the consumer’s pocket and allow for purchasing of therefore relatively speaking cheaper imported goods. However, the strong euro will also disadvantage exports from Slovenia, which will put pressure on the regional expansion of leading domestic food and beverages players.
BMI Industry View
SWOT Analysis
- Slovenia Food Industry SWOT
- Slovenia Drink Industry SWOT
- Slovenia Mass Grocery Retail Industry SWOT
Business Environment
- BMI’s Core Global Industry Views
- BMI Food & Drink Core Views
- CEE Food & Drink Business Environment Ratings
- Table: Regional Food & Drink Business Environment Ratings
- Slovenia’s Food & Drink Business Environment Rating
- Macroeconomic Outlook
- Table: Slovenia - Economic Activity
Industry Forecast Scenario
- Slovenia’s Consumer Outlook
- Food Consumption
- Table: Slovenia’s Food Consumption Indicators – Historical Data and Forecast
- Confectionery
- Table: Slovenia Confectionery Indicators – Historical Data & Forecasts
- Canned Food
- Table: Slovenia Canned Food Volume/Value Indicators – Historical Data & Forecasts
- Trade
- Table: Slovenia Food Drink & Tobacco Trade Indicators – Historical Data & Forecasts
- Drink
- Alcoholic Drinks
- Table: Slovenia Alcoholic Drinks Indicators – Historical Data & Forecasts
- Soft Drinks
- Table: Slovenia Soft Drink Sales – Historical Data & Forecasts
- Hot Drinks
- Table: Slovenia Hot Drinks Value Sales – Historical Data & Forecasts
- Mass Grocery Retail
- Table: Slovenia Mass Grocery Retail Value Sales By Format – Historical Data & Forecasts
- Table: Slovenia - Sales Breakdown by Retail Format Type (as % of Total)
Food
- Industry Developments
- Market Overview
- Food Production
- Food Consumption
- Confectionery
- Canned Food
- Trade
- Agriculture
Drink
- Industry Developments
- Market Overview
- Alcoholic Drinks
- Beer
- Wine
- Spirits
- Soft Drinks
- Hot Drinks
Mass Grocery Retail
- Industry Developments
- There is no Stopping Mercator
- Market Overview
- Leading Retailers
- Table: Mercator – Private Label As % Of Product Sales In Foreign Markets
- Table: Structure Of The Slovenian Mass Grocery Retail Market By Estimated Number Of Outlets, 2000-2010
- Table: Structure Of The Slovenian Mass Retail Grocery Market By Value
- Table: Slovenia Estimated value of sales per outlet format (2010)
Competitive Landscape
- Table: Key Players – Slovenia's Food & Drink Market, 2009
- Table: Key Players - Slovenia's Mass Retail Grocery Market, 2009
Company Analysis
- Food
- MIP
- Žito dd
- Panvita
- Perutnina Ptuj
- Droga Kolinska
- Ljubljanske mlekarne
- ETA živilska industrija DD
- Drink
- Fructal
- Coca-Cola HBC Slovenia
- Pivovarna Laško
- Mass Grocery Retail
- Mercator
- SPAR Slovenija
- Engrotuš
BMI Methodology
- Food & Drink Business Environment Ratings
- Ratings Methodology
- Ratings Overview
- Ratings System
- Indicators
- Table: Limits Of Potential Returns
- Table: Risks To Realisation Of Potential Returns
- Weighting
- Table: Weighting
- How We Generate Our Industry Forecasts
- Sourcing
- BMI Food & Drink Industry Glossary
- Food & Drink
- Mass Grocery Retail
- Bambi
- Mondi Serbia
- Mladost-Sid
- Sunoko
- Coca-Cola/IBP Beograd AD
- Beogradska Industrija Piva (BIP)
- Carlsberg Serbia/Pivara Celarevo
- Apatinska Pivara (formerly AB InBev)
- Arteska International Company
- BB Minaqua
- Knjaz Miloš
- Mercator
- Veropoulos
- Delta Holding
- Metro
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