New Food research report from Business Monitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 02/13/2013 -- Recent economic indicator readings in Ukraine suggest a more aggressive economic slowdown earlier than we anticipated. As a result, we have downgraded our real GDP growth forecasts to -0.1% and 1.0% in 2012 and 2013 respectively, from a previous forecast of 2.0% and 0.9%. Additionally, Ukraine's GDP per capita is expected to remain one of the lowest in Europe over the decade ahead. Although there remains enormous unrealised potential in terms of political reform and economic growth, without institutional and economic reform, Ukraine's current economic growth model will prove unsustainable over the coming 10 years.
Headline Industry Data (local currency)
- 2013 per capita food consumption = +11.2%; five-year forecast to 2017 = +52.7%
- 2013 alcoholic drinks value sales = +12.1%; five-year forecast to 2017 = +59.4%
- 2013 soft drinks value sales = +12.0%; five-year forecast to 2017 = +56.3%
- 2013 mass grocery retail = +14.9%; five-year forecast to 2017 = +66.8%
View Full Report Details and Table of Contents
Key Company Trends
Multinationals Target Ukraine Biscuit Sector: Mondelez International, the snacks division of the newly divided Kraft Foods Group, announced plans in October 2012 to launch a second biscuit factory in Ukraine. Under its Ukrainian expansion drive, Mondelez will commission a new biscuit production line for its Vedmedik Barni brand. The announcement comes as competition heats up with Nestle which is also believed to be eyeing the growth opportunities in the Ukrainian biscuit sector. It is understood that the company plans to invest UAH244mn (US$30mn) in a bid to expand its Ukrainian confectionery business. According to our data, per capita consumption of sweet biscuits in Ukraine is forecast to increase from about 10kg in 2010 to about 12kg by 2017.
Auchan to Expand in Ukraine Solo: In autumn 2012 it was reported that French retailer Auchan has announced plans to sign a loan agreement with the IFC under which the body will provide a US$75mn loan to the retailer for expanding its business in Ukraine. Subsequent to the loan approval, Auchan will open up hypermarkets and shopping malls in the cities of Kiev and Odessa by 2015. It is understood that Auchan will continue store developments in the country without the input of its local partner Furshet. According to officials at Auchan the retailer is now developing in Ukraine on its own.
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:
- France Food & Drink Report Q1 2013
- Greece Food & Drink Report Q1 2013
- Australia Food & Drink Report Q1 2013
- Bulgaria Food & Drink Report Q1 2013
- Hungary Food & Drink Report Q1 2013
- United Kingdom Food & Drink Report Q1 2013
- Vietnam Food & Drink Report Q1 2013
- Germany Food & Drink Report Q1 2013
- Colombia Food & Drink Report Q1 2013
- Croatia Food & Drink Report Q1 2013
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)