New Beverages market report from Euromonitor International: "Wine in Bosnia-Herzegovina"

Boston, MA -- (SBWire) -- 10/03/2014 --The main trend of the category in 2013 is the continuation of an unhealthy economic environment. Wine distributors expanded their offers with esteemed brands from abroad, which achieved certain success but on a very low scale. Quality wine is being consumed by wealthier citizens and with the increase of Gini index there are fewer consumers who can afford it. The most widespread wine is that of cheap quality. Some distributors say that there are 1 litre bottles of wine that are cheaper than one kilo of grapes used to make them. This indicates that the quality is very low and to some extend might be a health hazard.

Competitive Landscape:

In 2013, Vranac from Plantaze 13. Juli ad continued to be most demanded brand. Vranac is a Montenegrin brand of wine. It has been protected as an intellectual property and Montenegrin geographical indication of origin since 1977. The success of Vranac can be mostly contributed to its long presence combined with a specific taste that is unique to the Balkan types of wine.

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Industry Prospects:

Wine is expected to record a total volume CAGR of 2% over the forecast period. Low growth rates are mostly predicted based on the poor economic performance of the country. From the previous edition, the expected forecast has been lowered. One of the major reasons for the more conservative forecast is the current economic strategy or lack of it. The country is facing difficult times in terms of economy. However, what is more alarming is that there seems to be no real solution to the problem. This is reflected in both disposable incomes and consumer optimism. However, Bosnia-Herzegovina is facing slow GDP growth which is the main point of predicting even marginal growth.

Report Overview:

Discover the latest market trends and uncover sources of future market growth for the Wine industry in Bosnia-Herzegovina with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Wine industry in Bosnia-Herzegovina, our research will save you time and money while empowering you to make informed, profitable decisions.

The Wine in Bosnia-Herzegovina market research report includes:

- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market volume shares
- Five year forecasts of market trends and market growth
- Production, imports by origin, exports by destination
- Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

- What is the market size of Wine in Bosnia-Herzegovina?
- What are the major brands in Bosnia-Herzegovina?
- How do sales of new world wine perform in comparisons to old world wine?
- Which countries are the main wine exporters and importers?
- Is wine mainly consumed in on- or off-trade channels?
- Have other sparkling wines like cava and prosecco benefited during the recession at the cost of Champagne?

Reasons to Get this Report:

- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions

Product coverage: Fortified Wine and Vermouth, Non-Grape Wine, Sparkling Wine, Still Light Grape Wine.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

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Browse all Beverages research reports at Fast Market Research

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