New Food market report from Business Monitor International: "Taiwan Food & Drink Report 2015"
Boston, MA -- (SBWIRE) -- 01/21/2015 -- We expect the slowdown in Taiwan's main export markets to continue to present headwinds to growth during 2015, as the country's over-reliance on tech-related exports leaves Taiwan vulnerable to both changes in the global electronic business cycle and demand changes in developed markets. With credit growth decelerating and private consumption remaining relatively subdued, we are forecasting a below consensus 3.1% real GDP growth for 2014 and have downgraded our real GDP forecast for 2015 to 3.5% from 4.1%. Therefore, as last year, we remain fairly pessimistic about the performance of Taiwan's food and drink market in the short to medium term, albeit that select individual (premium) sectors may still outperform the overall market.
Headline Industry Data
- 2014 per capita food consumption (local currency): +1.8%; forecast compound annual growth rate (CAGR) 2013 to 2018: +3.1%.
- 2014 alcoholic drinks sales (volume): +2.0%; forecast CAGR 2013 to 2018: +0.9%.
- 2014 soft drinks sales (value): +4.3%; forecast CAGR 2013 to 2018: +5.0%.
- 2014 mass grocery retail sales (local currency): +5.1%; forecast CAGR 2013 to 2018: +4.6%.
View Full Report Details and Table of Contents
Key Company Trends
I-Mei Foods Hit By Ongoing Food Contamination Scandals : In October 2014, The China Post reported that contaminated oil had been used in produce manufactured for I-Mei Foods by Chen Chi Company. The product, Rousong (also known as meat floss), had been manufactured with contaminated oil produced by Cheng-I Food Company. At the time of the discovery, Cheng Chi had already shipped 1,190 kilograms of the product and public health authorities were notified of the product's recall.
Carrefour Announces Further Investment in Taiwan : Following reports in the summer of 2013 that French retail giant Carrefour was exploring the sale of its business in Taiwan, the president of Carrefour Taiwan, Patrick Ganaye, announced in September 2014 that there were no such plans. Despite departing from other overseas markets...
The Taiwan 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 Taiwan 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 Taiwan.
- Benchmark BMI's independent food and drink industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwanese food and drink market.
- Target business opportunities and risks in Taiwan 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 retail market.
Business Environment Rankings
BMI's Food & Drink Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors, food and drink manufacturers and mass grocery retailers.
The rankings methodology makes sophisticated use of over 40 industry, economic and demographic data points.
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.
BMI's food chapter is divided into sections such as Meat, Fish, Confectionary, Dairy and Canned Foods, and provides insight into a market's food industry, centred on a forecast to end-2018 for the sector. The chapter includes the following elements:
Industry Forecast Scenario - Historical data series and forecasts to end-2018 for growth of key indicators within a market's food industry. Including consumption, food consumption as % of GDP, canned food sales, confectionery sales and food and drink imports and exports, among others.
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