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New Market Study, "Venezuela Food & Drink Report Q1 2015", Has Been Published

New Food market report from Business Monitor International: "Venezuela Food & Drink Report Q1 2015"


Boston, MA -- (SBWIRE) -- 01/21/2015 -- In view of the substantial headwinds facing the Venezuelan economy, the country's real GDP is likely to contract by 2. 0 % in 2014 and grow by only 0.8 % in 2015. Despite enormous natural resource wealth, the economy's outlook will continue to be dimmed by poor macroeconomic governance, high inflation, low oil prices and significant political uncertainty. Furthermore, we expect household consumption to continue to be constrained by high inflation, which has substantially eroded purchasing power (we forecast headline CPI price growth rising to 60.8% year-on-year in 2014), as well as government price controls, which create market inefficiencies that significantly reduce productivity (and, by extension, incomes) .

Headline Industry Data (US dollar terms):

- Per capita food consumption compound annual growth rate (CAGR) forecast 2013 to 2018 = -2.8%.
- Alcoholic drink sales CAGR forecast 2013 to 2018 = +16.0%.
- Soft drink sales CAGR forecast 2013 to 2018 = +16.0%.
- Mass grocery retail sales CAGR forecast 2013 to 2018 = -1.4%.

View Full Report Details and Table of Contents

Key Industry Trends And Developments

Venezuela's Grain Sector Facing Structural Difficulties: In 2014/15, the operating environment of Venezuela's grain sector will deteriorate further. Corn production, a key staple in the country, will decline with implications for the food and drink sector. We forecast corn production to decline by 1.0% year-on-year to 1.34mn tonnes in the 2014/15 season, which started in October 2014. The weather during the planting and growing season of the main corn crop (winter) was drier than usual, leading to below-par yields.

Strike Ends, Negotiations Resume At Nestl?'s Venezuela Plant : Workers at Nestl?'s El Tocuyo factory in Lara, Venezuela, lifted a short-lived strike over wages and agreed to re-enter negotiations with the company, reported Reuters in November 2014. The union, which represents around 780 workers, had shut the factory on October 28. The Switzerland-based food company...

The Venezuela Food & Drink Report features Business Monitor International (BMI)'s market assessment and independent forecasts for food and drink expenditure, consumption, sales, and imports/exports and forecasts for the mass grocery retail sector. The report also includes analyses of major regulatory developments, the background macroeconomic outlook and competitive landscape comparing national and multinational companies by leading products and services, sales, investments, partners and expansion strategies.

BMI's Venezuela Food & Drink Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the food and drink industry and the mass grocery retail market in Venezuela.

Key Benefits

- Benchmark BMI's independent food and drink industry forecasts for Venezuela to test other views - a key input for successful budgeting and strategic business planning in the Venezuelan food and drink market.

- Target business opportunities and risks in Venezuela through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.

- Exploit latest competitive intelligence on your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.


BMI Industry View

Summary of BMI?s key industry forecasts and views, covering food and drink manufacturing and consumption and the mass grocery retail market.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the food, drink and mass grocery retail sectors and within the broader political, economic and business environment.

BMIs Food and Drink Risk Reward Index

BMIs Risk Reward Indices provide investors (food and drink manufacturers and mass grocery retailers) looking for opportunities in the region with a clear country-comparative assessment of a market?s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

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