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Follow on Google News | New Market Research Report: Venezuela Food & Drink Report Q3 2011Fast Market Research recommends "Venezuela Food & Drink Report Q3 2011" from Business Monitor International, now available
Private consumption also stands to benefit from a gradual decline in inflation over the coming years. Indeed, even though inflation will remain elevated, given that it is such a politically sensitive issue, we believe that Chavez will be particularly aggressive with his subsidies and price caps in order to rein in the headline figure in the run-up to the presidential election in 2012. ------------------------------------------------------------ Full Report Details at - http://www.fastmr.com/ ------------------------------------------------------------ Key Forecasts * 2011 per capita food consumption (US$) = +7.5%; forecast to 2015 = -36.2% * 2011 alcoholic drink sales (US$) = +4.4%; forecast to 2015 = -32.4% * 2011 soft drink sales (US$) = +2%; forecast to 2015 = -42.2% * 2011 mass grocery retail sales (US$) = +3.9%; forecast to 2015 = -38.7% Key Company Trends And Developments Currency Devaluation Increases Risk of Food Appropriations - In line with our expectations, the Venezuelan government devalued the bolivar at the start of 2011 by unifying the 'essential goods' rate of VEF2.6000/US$ Mercal Expanding - With local production flailing, the government is taking a greater role in food distribution to ensure demand is met. This is being largely orchestrated by state-owned retail chain Mission Mercal. Huge subsidies mean that Mission Mercal is able to offer food to the country's poorer regions at substantial discounts on the market price. In autumn 2010, Venezuelan President Hugo Chavez announced that the domestic population had saved roughly VEB21bn since 2003 due to the prices provided by Mercal. The number of Mercal outlets nationwide has reached 16,000, with the network distributing 10mn tonnes of food on an annual basis. Key Risks To Outlook Shift in oil prices -The risk to our outlook also depends on the trajectory of global oil prices. On the one hand, higher-than- Inflationary unrest - With one of the highest rates of inflation in the world, we expect worker strikes within the private sector to be a persistent feature of Venezuela's landscape in the medium term. The recent strikes at both Coca-Cola FEMSA and Heinz plants highlight this negative aspect of the country's risk profile. While we are a forecasting improvement in the rate of inflation, we believe the rapid pace of price rises will still be enough to fuel a considerable amount of worker discontent over the coming year. Partial Table of Contents: SWOT Analysis - Venezuela Food Industry SWOT - Venezuela Drink Industry SWOT - Venezuela Mass Grocery Retail Industry SWOT Business Environment Ratings - BMI's Core Global Industry Views - Table: BMI Food & Drink Core Views - Latin America Risk/Reward Ratings - Table: Latin America Food & Drink Business Environment Ratings, Q311 - Venezuela's Business Environment Rating - Macroeconomic Outlook - Table: Venezuela - Economic Activity Industry Forecast Scenario - Consumer Outlook - Food - Total Food Consumption - Table: Venezuela Food Consumption Indicators - Historical Data & Forecasts - Canned Food - Table: Canned Food Value/Volume Sales - Historical Data & Forecasts - Confectionery - Table: Confectionery Value/Volume Sales - Historical Data & Forecasts - Drink - Alcoholic Drinks - Table: Alcoholic Drink Value/Volume Sales - Historical Data & Forecasts - Soft Drinks - Table: Soft Drink Value Sales -Historical Data & Forecasts - Hot Drinks - Table: Hot Drink Value Sales - Historical Data & Forecasts - Mass Grocery Retail - Table: Venezuela Mass Grocery Retail - Value Sales by Format - Historical Data & Forecasts - Table: Sales Breakdown by Retail Format Type - Trade - Table: Food & Drink Trade Balance - Historical Data & Forecasts Food - Key Company Trends And Developments - Currency Devaluation Increases Risk Of Food Appropriations - Dairy Sector Attracts Investment But BMI Cautious - Nationalisation Of Bottler Has Implications For Empresas Polar - Market Overview - Food Production - Confectionery - Agriculture - Dairy - Meat - Seafood Drink - Key Company Trends And Developments - FEMSA Strike Highlights Burdens Of High Inflation - Full Table of Contents is available at: -- http://www.fastmr.com/ 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/ 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. # # # 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. End
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