Spain Food & Drink Report Q3 2011: New research report available at Fast Market Research

Fast Market Research recommends "Spain Food & Drink Report Q3 2011" from Business Monitor International, now available
 
June 25, 2011 - PRLog -- Over recent quarters there have been some signs of improvement within the Spanish grocery sector, with food retail sales growth back in positive territory. However, we continue to see limited scope for growth in private consumption. Ultimately, high unemployment, falling real wages, a large stock of private sector debt and fiscal austerity will keep consumers focused on deleveraging rather than spending for the foreseeable future, particularly as taxes on consumption have been pushed up to help bring down Spain's deficit. This means we see very little chance of another consumption-led boom over the next five years and see the environment continuing to favour price-focused retailers and cheaper food and drink options over most of this period.

Headline Industry Data

*  2011 per capita food consumption = -0.05%; forecast to 2015 = +11.9%
 *  2011 alcoholic drink sales = +0.3%; forecast to 2015 = 2.1%
 *  2011 soft drink sales = +2.3% ; forecast to 2015 = +16.6%
 *  2011 mass grocery retail sales = +2.3%; forecast to 2015 = +16.5%

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Full Report Details at
- http://www.fastmr.com/prod/204729_spain_food_drink_report...
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Key Company Trends & Developments

Ebro share price affirms strategy; SOS investors not yet convinced by restructuring - Spanish olive oil producer SOS Corporacion Alimentaria has recently registered a profit of EUR8.1mn for the first quarter of its 2011 financial year. This is the firm's first quarterly profit for three years, and has been described by the firm as a 'reversal and normalisation of operational activity'. The firm was hit badly by an accounting scandal that was compounded by the financial economic crisis. With the sale of its rice business to Ebro Puelva now completed, SOS is left in a stronger financial position, but almost completely focused on olive oil. SOS has said it will be changing its name to Deoleo following the divestiture, to reflect this new positioning.

Carrefour to spin off Dia discount business - In May 2011 Carrefour filed a plan with the Spanish regulator to spin off its European discount business Dia subsidiary in a stock market listing in Madrid that could value the unit at EUR4bn. Dia has said it plans to raise its store count to more than 8,000 by 2013, and forecasts that sales in emerging markets will grow to make up 30% of sales by that point, compared with 22% in 2010. The plan to list Dia in Spain highlights the success that Carrefour's discount operation has had in that market, with the firm overhauling its French portfolio to more closely mirror its operations in the Spanish market.

Key Risk to Outlook

Eurozone debt crisis - the risks to our outlook are currently weighted to the downside. An important risk to our forecasts is the prospect of further instability in the eurozone as a result of the unsustainable debt levels built up by some member countries - including Spain. In addition, a more aggressive response from the ECB to rising inflationary pressures across the eurozone could significantly crimp domestic demand. This is particularly the case for Spain given that most household mortgages track the threemonth, six-month or 12-month Euribor rates.

Partial Table of Contents:

SWOT Analysis
- Spain Food Industry SWOT
- Spain Drink Industry SWOT
- Spain Mass Grocery Retail Industry SWOT
Business Environment Ratings
- BMI's Core Global Industry Views
- Table: BMI Food & Drink Core Views
- Western Europe Food & Drink Business Environment Ratings
- Table: Western Europe Food & Drink Risk/Reward Ratings Q3 2011
- Spain's Food & Drink Risk/Reward Ratings
- Macroeconomic Outlook
- Table: Spain - Economic Activity
Industry Forecast Scenario
- Consumer Outlook
- Food
- Total Food Consumption
- Table: Spain Food Consumption Indicators - Historical Data & Forecasts
- Canned Food/Prepared Food
- Table: Canned Food Value/Volume Sales - Historical Data & Forecasts
- Confectionery
- Table: Confectionery Value/Volume Sales - Historical Data & Forecasts
- Drink
- Hot Drinks
- Table: Coffee Value Sales - Historical Data & Forecasts
- Soft Drinks
- Table: Soft Drink Sales - Historical Data & Forecasts
- Alcoholic Drinks
- Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts
Mass Grocery Retail
- Table: Mass Grocery Retail Market - Sales By Format (US$bn) - Historical Data & Forecasts
- Table: Grocery Retail Sales By Format - Historical Data And Forecasts
- Trade
Food
- Key Industry Trends & Developments
- Ebro Poised For Growth/SOS Posts First Profit In Three Years
- Smithfield Looks To Raise Stake In Campofrio
- Mixed Signs For Investment In Sector
- Private-Labels Gaining Market Share
- Market Overview
- Prepared Food
- Organic
- Meat And Fish
- Eggs And Dairy
Drink
- Key Industry Trends & Developments
- Spirits Hit By New Taxes
- Wine Exports Exposed To Currency Fluctuations
- Mahou-San Miguel Extends Beverage Portfolio
- Energy Drinks Launching
- Market Overview
- Soft Drinks
- Alcoholic Drinks
Mass Grocery Retail
- Key Industry Trends & Developments
- Bearish Spanish Outlook Means Eroski May Need To Sell More Assets
- Carrefour Spin-Off Plans For Dia
- Mercadona Expected To Remain As Outperformer
- Retailers Adapting Their Offering
- Retailers Continue To Invest
- Market Overview
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Full Table of Contents is available at:
-- http://www.fastmr.com/catalog/product.aspx?productid=2047...

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.  BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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.

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
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Tags:Sos, Ebro, Food, Drink, Eurozone, Debt, 23, Mercadona, Grocery
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