Recently published research from Business Monitor International, "Belarus Food & Drink Report Q4 2013", is now available at Fast Market Research

Boston, MA -- (SBWire) -- 11/20/2013 --We expect to see significant growth in food consumption in Belarus over 2013 and continuing over our forecast period to 2017. This expansion will be driven by increased economic activity, with GDP per capita (in US dollar terms) forecast to increase at a compound annual growth rate of 22.7% through to 2017. However, this growth is coming from a very low base; based on 2010 figures, Belarus had the ninth lowest GDP per capita of all sovereign nations in Europe, and we consider it a risky market due to its political isolation from much of Europe and the high level of government intervention in economic matters. The country's high level of inflation over the past few years is a further concern, particularly for consumer goods sectors.

Headline Industry Data (local currency)

- 2013 food consumption value growth = +21.10% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to 2017 = +14.85%.
- 2013 per capita food consumption value growth = +21.48% y-o-y; forecast CAGR to 2017 = +15.21%.
- 2013 alcoholic drinks value sales growth = +25.01% y-o-y; forecast CAGR to 2017 = +13.62%.
- 2013 soft drinks value sales growth = +20.97% y-o-y; forecast CAGR to 2017 = +12.39%.

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Key Company Trends

- According to BelTA reports from June 2013, the government of Belarus will issue loans of around BYR400bn to various agricultural companies, as per resolution no. 445 of the Council of Ministers. The loans, to be provided through OAO Belagroprombank, will reportedly be paid out in the June- September 2013 period in order to support companies involved in farming and harvesting, processing, and equipment and maintenance.
- In August 2013, Belarus imposed temporary restrictions on all dairy products produced by Fonterra in the wake of the firm's botulism scare. The move came after Fonterra announced that a protein concentrate produced for infant formula and animal feed might be infected with the Colstridium botulinum bacteria. Fonterra exports US$133mn of dairy goods to Belarus, Russia and Kazakhstan.

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