Greece Agribusiness Report Q1 2013

Published by: Business Monitor International

Published: Dec. 12, 2012 - 80 Pages


Table of Contents

Executive Summary
SWOT Analysis
Greece Agriculture SWOT
Greece Business Environment SWOT
Supply & Demand Analysis
Greece Grains Outlook
Table: Greece Wheat Production & Consumption, 2012-2017
Table: Greece Corn Production & Consumption, 2012-2017
Table: Greece Barley Production & Consumption, 2012-2017
Table: Greece Wheat Production & Consumption, 2008-2012
Table: Greece Corn Production & Consumption, 2008-2012
Table: Greece Barley Production & Consumption, 2008-2012
Greece Dairy Outlook
Table: Greece Milk Production & Consumption, 2012-2017
Table: Greece Butter Production & Consumption, 2012-2017
Table: Greece Cheese Production & Consumption, 2012-2017
Table: Greece Milk Production & Consumption, 2008-2012
Table: Greece Butter Production & Consumption, 2008-2012
Table: Greece Cheese Production & Consumption, 2008-2012
Greece Livestock Outlook
Table: Greece Poultry Production & Consumption, 2012-2017
Table: Greece Pork Production & Consumption, 2012-2017
Table: Greece Beef & Veal Production & Consumption, 2012-2017
Table: Greece Poultry Production & Consumption, 2008-2012
Table: Greece Pork Production & Consumption, 2008-2012
Table: Greece Beef & Veal Production & Consumption, 2008-2012
Greece Sugar Outlook
Table: Greece Sugar Production & Consumption, 2012-2017
Table: Greece Sugar Production & Consumption, 2008-2012
Commodity Price Analysis
Monthly Softs Update
Cocoa: Sufficient Supply
Coffee: Temporary Rally
Cotton: Against Resistance
Palm Oil: Outperforming The Oilseeds Complex
Sugar: Surging Supply
Table: Select Commodities: Performance & Forecasts
Monthly Grains Update
Wheat: Resilience On Borrowed Time
Corn: Looking The Weakest
Soybean: Little Relief Ahead
Rice: A Strong Performer
Table: Select Commodities – Performance & BMI Forecasts
Upstream Analysis
Europe Fertiliser Outlook
Europe GM Outlook
Europe Machinery Outlook
Downstream Analysis
Food
Food Consumption
Table: Food Consumption Indicators – Historical Data & Forecasts, 2009-2017
Canned Food
Table: Canned Food Value/Volume Sales – Historical Data & Forecasts, 2009-2017
Confectionery
Table: Confectionery Value/Volume Sales – Historical Data & Forecasts, 2009-2017
Pasta
Table: Pasta Volume Sales, Production & Trade – Historical Data & Forecasts, 2009-2017
Meat
Table: Meat Volume Sales, Production & Trade – Historical Data & Forecasts, 2009-2017
Frozen Food
Table: Frozen Fruit & Vegetables Volume Sales, Production & Trade – Historical Data & Forecasts, 2009-2017
Baked Goods
Table: Baked Goods Volume Sales, Production & Trade – Historical Data & Forecasts, 2009-2017
Other Processed Foods
Table: Jams And Jellies Volume Sales, Production & Trade – Historical Data & Forecasts, 2009-2017
Drink
Hot Drinks
Table: Hot Drink Value Sales – Historical Data & Forecasts, 2009-2017
Soft Drinks
Table: Soft Drink Value/Volume Sales – Historical Data & Forecasts, 2009-2017
Alcoholic Drinks
Table: Alcoholic Drinks Value/Volume Sales – Historical Data & Forecasts, 2009-2017
Mass Grocery Retail
Table: Mass Grocery Retail Value Sales By Format – Historical Data & Forecasts, 2009-2017
Table: Grocery Retail Sales By Format
Trade
Table: Food & Drink Trade Balance – Historical Data & Forecasts, 2009-2017
Country Snapshot
Table: Greece’s Population By Age Group, 1990-2020 (‘000)
Table: Greece’s Population By Age Group, 1990-2020 (% of total)
Table: Greece’s Key Population Ratios, 1990-2020
Table: Greece’s Rural And Urban Population, 1990-2020
BMI Forecast Modelling
How We Generate Our Industry Forecasts

Abstract

Agriculture production and consumption will continue to be affected by the tightening credit conditionsand declining purchasing power in Greece. While the uncertain economic outlook is causing morecompanies to shift their focus away from domestic demand, there are some bright spots in terms ofexporting to emerging European countries for products such as poultry and dairy.

Key Forecasts

Wheat production growth to 2016/17: 5.6% to 1.8mn tonnes. We expect modest growthowing to the difficult macro and political situation. Further deterioration in the country’s debtcrisis could present downside risks to our forecasts.

Milk production growth to 2016/17: 5.5% to 2.2mn tonnes. Greece currently produces lessmilk than it is permitted to produce under EU quotas; however, we do not expect to see a surgein production. Gradual improvements in yields (albeit somewhat offset by herd reductions) willresult in modest output gains out to 2017.

Poultry production growth to 2016/17: 15.6% to 188,400 tonnes. We expect poultryproduction to benefit from the sector’s relative affordability compared with pork and beef.

2013 real GDP growth: -2.7% (Up from -6.9% in 2012. Predicted to average -0.4% from 2012to 2017.)

2013 consumer price inflation: -1.2% (Down from -1.1% in 2012. Predicted to average 0.3%from 2012 to 2017.)

2013 central bank interest rate: 0.5% (Same as 2013. Predicted to average 2.0% from 2012 to2017.)

Industry Outlook

In October 2012, MK Group, a Serbian holding company, renewed a bid to buy 82% of Hellenic SugarCo from the Agricultural Bank of Greece. This offer is expected to be successful following a failedattempt in July 2012, when it was rejected due to regulatory obstacles. Further, the debt-laden Greekcompany is also increasingly less attractive as an investment; there is therefore a higher likelihood thebank will allow the transaction to go through. The acquisition would add Hellenic’s two Serbian sugarplants to MK’s three sugar production units that currently export close to half of the 220,000 annualoutput.

Weakening economic prospects in Greece are taking a toll on the country’s dairy industry. Dairy giantFage Dairy announced in October 2012 that an internal restructuring of its operations, which involvedshifting its headquarters from Greece to Luxembourg, was finally completed. While the company’s Greekoperations will continue to fall under the control of its subsidiary, Fage Dairy Industry SA, this move isa clear indication of the lack of confidence in investors towards Greece’s economic outlook in the longerterm.

In the same month, French-owned Danone reported the weakest sales in dairy products in more than threeyears – largely weighed down by poor sales growth in Spain and Greece.

Get full details about this report >>
 
Learn more about this product


Price and delivery options
See related reports or call the number below for help from a research specialist.

US: 800.298.5699

Int'l: +1.240.747.3093

 

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 400,000 market research reports, company profiles and country profiles from over 720 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.