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We expect the volatility in the performance of the Belarusian pharmaceutical market to continue, with political tensions increasing risks to our forecasts. Although the government aims to increase local output and meet at least half of domestic drug demand, we note that currency devaluation would have significantly increased the price of imported raw materials and manufacturing equipment. At the same time, the country's political stance may potentially disrupt supplies of high-tech medicines currently imported from a number of developed markets.

After the 11 March disaster in 2011, the mind-set of Japanese consumers shifted towards quality rather than quantity as well as value for money. Luxury accessories, such as bags, fit into this demand and the category managed to grow 2% in value terms in 2012. Japanese consumers returned to luxury shopping but with a more selective attitude, after having held back during the first half of 2011.

The accompanying tables present the latest economic data and five-year forecast scenario for the country's banking system. Also included is SWOT analysis of the commercial banking system as a whole.

Executive Summary

There were a mixture of trends in sauces, dressings and condiments in Lithuania in 2012. A higher demand for more expensive and higher-quality products was observed, while consumers became less concerned about health and wellness, which had a strong impact on sales before consumer spending was hit by the economic crisis in 2009-2010. As a result, many products still claim not to contain preservatives. However, health and wellness was emphasised less by manufacturers, though very often brand...

Complera (HIV) - Forecast and Market Analysis to 2022

Hepatitis C is a largely asymptomatic liver disease caused by the hepatitis C virus (HCV). HCV is an escalating public health problem and burdens an estimated 3% of the world's population (Trinks et al., 2012). Unlike other acute viral infections that have a rapid onset, HCV infections often persist for decades (CDC, 2013; Tan, 2006).

Category volume sales are being undermined by the use of bleach as a multi-purpose substitute for various surface care products, even multi-purpose ones. However, volume growth in 2012 remained positive. Value growth, meanwhile, continued to increase as these relatively high-priced products continued to be purchased by middle to high-income consumers willing and able to spend on high-quality home care products.

GlobalData's clinical trial report, "Dyskinesia Global Clinical Trials Review, H1, 2013" provides data on the Dyskinesia clinical trial scenario. This report provides elemental information and data relating to the clinical trials on Dyskinesia. It includes an overview of the trial numbers and their recruitment status as per the site of trial conduction across the globe. The databook offers a preliminary coverage of disease clinical trials by their phase, trial status, prominence of the sponsors and also provides briefing pertaining to the number of trials for the key drugs for treating Dyskinesia. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.

Canned/preserved food in Guatemala is a packaged food category which remains in its growth phase. The category therefore maintains plenty of growth potential as Guatemala currently has one of the lowest per capita consumption rates of canned/preserved food in Latin America. Annual per capita consumption of canned/preserved food during 2012 remained at 900g in Guatemala, much lower than the Latin America average of 2.8kg. Canned/preserved food in Guatemala increased in value by 10% in 2012,...

Despite efforts by operators to reverse weak trends witnessed by the Canadian vending industry, sales through vending continued to decline in 2012, registering a 2% drop in current value terms to total C$556 million. A somewhat unique factor contributing to 2012 weak performance also stems from the ongoing shift in Canada to the new bills, with new C$20 bills released in 2012. While most operators of the vending machines have reconfigured their machines to accept new bills, the industry...

The plasticiser scandal in 2011 continued to impact soup during 2012. Consumers remained cautious about buying packaged soup, which in turn meant soup is set to record slower current value growth in 2012 than 2011. In addition, consumers remained cautious about their spending with the gloomy economic conditions and were more open to preparing their own soups instead of relying on packaged products.

In Bulgaria, other dairy products do not have the commodity status of dairy products in other categories such as cheese and yoghurt. Many of the products categorised under other dairy have considerable luxury appeal, including chilled and shelf stable desserts, chilled snacks, coffee whiteners and condensed/evaporated milk. The only other dairy categories to feature a significant proportion of traditional products are cream and fromage frais and quark, which are often used in the preparation of...

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Extraction of Crude Petroleum and Natural Gas market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Cement, Stone and Ceramic Products market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Euromonitor International's Industrial reports provide a 360 degree view of an industry. The Industrial market report offers a comprehensive guide to the size and shape of the Railway and Tramway Locomotives and Rolling Stock market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be they new product developments, packaging innovations, economic/lifestyle influences, distribution or pricing issues. Forecasts illustrate how the market is set to change.

Core Views

The Vietnam Real Estate report examines the commercial office, retail and industrial segments in the context of a market that is close to its nadir and therefore becoming increasingly attractive to both domestic international players.

BMI View: The latest data from the Banco Central de Ecuador are consistent with our view that Ecuador's construction industry would post strong growth in 2012, with the sector expanding by around 14% y-o-y through the first three quarters of the year (in line with BMI's full-year estimate of 15.2%). However, we expect industry growth to moderate in 2013 as a slowdown in government spending and a weakening consumer outlook put the brakes on infrastructure investment and residential construction respectively. To this end we are forecasting Ecuador's construction industry to expand by 6.5% in 2013, with growth continuing to cool over the medium term.

BMI View: While Maduro has the advantage of being Chavez's hand-picked successor, meaning he is likely to rise to power, the Venezuelan government's healthcare policies are unlikely to deviate from their current course over the short-to-medium term. We therefore maintain our current forecast for the country's healthcare expenditure and pharmaceutical market growth. However, we caution that political and economic uncertainties in the wake of Chavez's death could rein in public spending and put further downward pressure on multinationals' already diminishing profits in Venezuela.

BMI View: Our outlook for Venezuela's agricultural sector is cautious given the country's uncertain political and economic outlook. The country has significant growth potential, but the government's policies of expropriation have seen production of key crops decline and a growing reliance on imports. Although the poultry section, for example, is well integrated, arable production and cash crops such as cocoa or coffee have been poorly managed. Following the death of president Hugo Chavez, we anticipate a new presidential election within months and believe that interim president Nicolas Maduro of the ruling Partido Socialista Unido de Venezuela will win and will continue the interventionist policies of Chavez's era. However, we believe the pace of reforms may be more moderate and see significant potential for economic growth over our forecast period. This will, however, be dependent on the improvement of infrastructure and the adoption of more market-friendly policies.

Things are looking up for the Bahraini shipping sector. The Khalifa bin Salman Port (KBSP) is seeing volumes rise on the back of the massive hike in demand at Saudi Arabian ports. The consumer demand story also bodes well for domestic demand over the medium term, while the Port of Mina Salman could see tonnage volumes rise due to a house-building programme underway in the Kingdom.

Russia's metals sector will face slow growth in 2013 as the eurozone crisis drags on and metals prices weaken. We expect production of key metals to remain modest, with company investment plans focusing on improving processing plant efficiency and reducing costs rather than building new plants or expanding production capacity. Despite the weak growth, Russia will remain one of the world's largest producers of key base and industrial metals such as nickel, steel and aluminium.

Our Q213 forecasts for Canada's Power industry are virtually unchanged from the previous quarter as our key view of the market remains in place. On the back of a revision to our historical data set, and accounting for the fact that external headwinds and a slowdown in domestic consumption continue to weight on Canada's economic performance, we have slightly downgraded our 2012 consumption growth estimate for the Canadian power market, from 0.9% to 0.8%. Owing to a combination of economic, demographic and industry-specific dynamicS, we also anticipate that the country's mature electricity market will see a positive but moderate rise in generation and consumption in the medium to long term. The replacement of old and polluting capacity will be the key drivers of this growth.

Recent household data suggest there has been resurgence in consumer spending in Belarus on the back of falling prices of goods and services and rising average wages. We expect 2013 to be more positive than last year, especially as export demand is also expected to recover. Moreover, inflation is likely to trend lower, although upside risks to this forecast remain owing to factors such as cuts to the refinancing rate and the weakness of the local currency, which has made imported items very expensive.