New Food market report from Business Monitor International: "Slovakia Food & Drink Report Q4 2013"

Boston, MA -- (SBWire) -- 11/22/2013 --The Slovakian consumer continues to battle rising unemployment (an in particular long-term unemployment) and low wage growth. Domestic demand will stagnate throughout the remainder of the year, especially given the external environment weakness that is weighing down exports. We expect private consumption to be a negative contributor Slovakia's economic growth in 2013, which would mark its fourth successive year of this trend.

Headline Industry Data (local currency)

- 2013 per capita food consumption growth = +2.26% year-on-year (y-o-y); forecast compound annual growth rate (CAGR) to 2017 = +3.45%
- 2013 alcoholic drinks sales growth = +2.54% y-o-y; forecast CAGR to 2017 = +4.54%
- 2013 soft drinks sales growth = +2.40% y-o-y; forecast CAGR to 2017 = +3.57%
- 2013 mass grocery retail growth = +2.35% y-o-y; forecast CAGR to 2017 = +4.12%

Key Company Trends

Retailers Struggling in Slovakia: Retailers operating in Slovakia have been feeling the impact of an increasingly difficult operating environment. For example, while global wholesale and retail group Globus' revenues increased 9% year-on-year (y-o-y) to EUR24.6mn (US$31.9mn) in Slovakia in 2012, its net profit declined to just EUR23,000 (US$29,916) in 2012. In a related development, Dutch major Ahold is rumoured to be in discussions with Slovakia-based investment group J&T over the possible sale of its supermarkets in Slovakia, although the company has denied such plans.

View Full Report Details and Table of Contents

Risks To Outlook

About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

Browse all Food research reports at Fast Market Research

You may also be interested in these related reports:

- Bulgaria Food & Drink Report Q4 2013
- Czech Republic Food & Drink Report Q4 2013
- Brazil Food & Drink Report Q4 2013
- Greece Food & Drink Report Q4 2013
- Australia Food & Drink Report Q4 2013
- Germany Food & Drink Report Q4 2013
- India Food & Drink Report Q4 2013
- Chile Food & Drink Report Q4 2013
- Colombia Food & Drink Report Q4 2013
- Kazakhstan Food & Drink Report Q4 2013