Serbia Food and Drink Report Q2 2012

Business Monitor International
March 13, 2012
107 Pages - SKU: BMI3809448
Countries covered: Serbia and Montenegro

Due to IMF-supervised macroeconomic stability, strong foreign direct investment inflows and export competitiveness the fundamentals of the Serbian economy remain relatively strong.

Primarily due to our expectation for a credit crunch in 2012, we have revised down Serbia’s real GDP growth forecasts for 2012 and 2013.

The economy is now set to expand by 0.6% and 1.7% respectively, conversely from 1.9% and 3.2% previously expected.

The country is, however, much better positioned to face a recession in the eurozone than it was in 2009.

Headline Industry Data (local currency) ..

2012 per capita food consumption: +2.9%; forecast to 2016: +18.6% ..

2012 alcoholic drinks value sales: +2.6%; forecast to 2016: +17.2% ..

2012 soft drinks value sales: +14.8%; forecast to 2016: +104.3% ..

2012 mass grocery retail sales: +6.7%; forecast to 2016: +43.4% Key Industry Trends FrieslandCampina Acquires Serbian Dairies: In early 2012, Dutch dairy producer FrieslandCampina entered an agreement to acquire Serbia-based dairies Imlek and Mlekara Subotica from private equity firm Salford Capital Partners.

FrieslandCampina is to purchase a 79% stake in Imlek and an 82% stake in Mlekara Subotica.

The combined annual turnover of both dairies is about EUR270mn (US$354.2mn).

The acquisitions, part of FrieslandCampina’s ‘route2020’ strategy, will enhance the global position of the Dutch producer in dairy-based beverages, infant nutrition and branded cheese.

Delhaize Restructures Serbian Network: In early 2012, Belgian retailer Delhaize’s subsidiary in Serbia announced plans to create 600 new jobs as it restructures its store network.

The company will open 20 new stores in Serbian cities, close seven of its unprofitable Mini Maxi outlets and rebrand 40 others; the Tempo Express format is to be turned into Maxi stores.

According to the retailer, closing unprofitable stores while opening new ones will save the company money, which Delhaize Serbia plans to reinvest in the local market.

Key Risks To Outlook Slowdown In External Demand: Serbia remains heavily dependent on Europe for trade, remittances, investment and funding.

Aside from the risks stemming from the banking sector, we have been warning about the exposure that Serbia has to the crisis in the eurozone through its large export dependency on the common currency bloc.



More Grocers reports by Business Monitor International

Zambia Food and Drink Report - Q4 2014 by Business Monitor International
Zambia Food and Drink Report - Q4 2014BMI View: Continued sluggishness in the global commodity markets has weighed on the Zambianeconomy, and the removal ...
United Arab Emirates Food and Drink Report - Q4 2014 by Business Monitor International
United Arab Emirates Food and Drink Report - Q4 2014BMI View: We maintain our bullish outlook on the UAE's economies as a wealth of ...
Turkey Retail Report - Q4 2014 by Business Monitor International
Turkey Retail Report - Q4 2014BMI View: BMI maintains a positive outlook on the future of the Turkish retail sector. The country's risinghousehold spending ...
Turkey Food and Drink Report - Q4 2014 by Business Monitor International
Turkey Food and Drink Report - Q4 2014BMI View: We hold a below-consensus view on the Turkish consumer and Turkish economic growth. Webelieve that ...
See all reports like this >>

More Serbia and Montenegro Grocers reports

Retailing in Serbia by Euromonitor International
Retailing in SerbiaAfter a long decline over the course of 2012 and the first quarter of 2013, Serbia recorded an increase in industrial production of ...
Grocery Retailers in Serbia by Euromonitor International
Grocery Retailers in SerbiaGrocery retailers in Serbia is a category which is still experiencing tough times due to the ongoing economic crisis. During 2013, the ...
Serbia Food and Drink Report Q2 2014 by Business Monitor International
Serbia Food and Drink Report Q2 2014BMI View: We have recently adjusted down our forecast for private consumption and investment growthfor 2014 in Serbia as ...
Serbia Food and Drink Report Q3 2012 by Business Monitor International
The outlook for the Serbian economy in 2012 is relatively grim. We are forecasting real GDP growth to slow from 1.6% in 2011 to 0.6% ...
See all reports like this >>

More Serbia and Montenegro reports

D&B Country RiskLine Report: Serbia by Dun & Bradstreet Inc.
This D&B Country RiskLine Report will help you analyze the risks, opportunities and likely payment delays when doing business in this country. It includes ...
See all reports like this >>

 

SELECT A LICENSE

    Report with 3 quarterly updates  USD 1,175  
 
US: 800.298.5699
Int'l: +1.240.747.3093
 

Share this report


    Other tasks

     
     
    Join Alert Me now!
    Receive bi-weekly email alerts on new market research

    Sign up today!