Business Monitor International


Chile Food & Drink Report

Published 21 February 2014

  • 131 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Chile Food & Drink Report

The growth of the Chilean food and drink industry will continue to decelerate in 2014, affected by weak demand for the country's exports in the Asian markets. Recent increases in consumer prices, combined with stagnant wage growth, are set to weigh on consumer spending. This is reflected in our outlook for private consumption, which is forecast to grow at 4.0% in 2014 compared with 6.1% and 4.7% in 2012 and 2013 respectively. That said, we expect expansionary monetary policy and increased government spending to support economic activity and prevent a sharper decline in consumption.

Headline Industry Forecasts (local currency terms)

  • Total food consumption (local currency) growth year-on-year (y-o-y) in 2014: +6.5%; compound annual growth rate (CAGR) to 2018: +6.6%

  • Per capita food consumption (local currency) growth y-o-y in 2014: +5.6% ; CAGR to 2018: +5.8%

  • Total soft drinks value (local currency) sales growth y-o-y in 2014: +7.1%; CAGR to 2018: +7.2%

  • Alcoholic drinks value (local currency) sales growth y-o-y in 2014: +5.5%; CAGR to 2018: +5.8%

  • Total mass grocery retail value (local currency) sales growth (y-o-y) in 2014: +5.6; CAGR to 2018: +5.9%

Key Company Trends

Cencosud's Q3 20 13 Revenue Up 14%: Chilean retailer Cencosud's revenue, in Chilean peso terms, increased 14% in Q3 2013 on the back of an improved performance in Chile and Argentina. However, the company's net profit declined 34% to MXN43.80bn (US$3.37bn) during the quarter due to higher debt levels related to its recent acquisitions and higher costs. Despite a 13% devaluation in Argentina's currency, the company reported a 4% revenue rise in the country. Argentina accounted for 26% of Cencosud's revenue in Q3 2013, down from 28% recorded in Q3 2012.

Andina's Net Profits Decline In FY12: In March 2013, Coca-Cola bottler and beverage company Embotelladora Andina posted a 9.7% y-o-y decline in net profits for FY12, reporting them at CPL87.64bn (US$185.4mn). The results released by...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
12
Industry Forecast
13
Consumer Outlook
13
Food
15
Food Consumption
15
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
17
Canned Food
17
Table: Canned Food Volume/Value Sales - Historical Data & Forecasts, 2011-2018
18
Confectionery
18
Table: Confectionery Volume/Value Sales - Historical Data & Forecasts, 2011-2018
19
Processed Food
20
Table: Frozen Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
20
Oils and Fats
21
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
21
Meat
23
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
24
Pasta
25
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
26
Bread And Snacks
27
Table: Bread & Snacks Volume Sales, Production & Trade - Historical Data & Forecast, 2011-2018
27
Dairy
29
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
29
Drink
35
Hot Drinks
35
Table: Hot Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
36
Soft Drinks
36
Table: Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
37
Table: Carbonated Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
38
Table: Fruit/Vegetable Juice Volume/Value Sales - Historical Data & Forecasts, 2011-2018
39
Table: Bottled Water Volume/Value Sales - Historical Data & Forecasts, 2011-2018
40
Alcoholic Drinks
41
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
42
Table: Beer Value/Volume Sales - Historical Data & Forecasts, 2011-2018
43
Table: Wine Value/Volume Sales - Historical Data & Forecasts, 2011-2018
43
Table: Spirits Value/Volume Sales - Historical Data & Forecasts, 2011-2018
44
Mass Grocery Retail
45
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
45
Table: Sales Breakdown By Retail Format Type
46
Trade
47
Table: Food & Drink Trade Balance - Historical Data & Forecasts, 2011-2018
48
Macroeconomic Forecast
49
Economic Analysis
49
Table: Chile - Economic Activity
56
Industry Risk Reward Ratings
57
Latin America Risk/Reward Ratings
57
Table: Latin America Food & Drink Risk/Reward Ratings Q214
58
Table: Latin America Food & Drink Risk/Reward Sub-Factor Ratings Q214 (scores out of 10)
60
Chile Risk/Reward Ratings
61
Market Overview
63
Food
63
Food Production
63
Canned Food/Prepared Food
64
Confectionery
65
Dairy
66
Aquaculture
67
Drink
68
Soft Drinks
68
Hot Drinks
69
Alcoholic Drinks
69
Market Overview
72
Table: Structure Of Chile's Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2011
73
Table: Structure Of Chile's Mass Grocery Retail Market - Sales By Format (US$bn), 2003-2011
74
Industry Trends And Developments
75
Food
75
Key Industry Trends And Developments
75
Drink
78
Key Industry Trends And Developments
78
Mass Grocery Retail
83
Key Industry Trends And Developments
83
Competitive Landscape
90
Table: Key Players In Chile's Food Sector
90
Table: Key Players In Chile's Drink Sector
91
Table: Key Players In Chile's Mass Grocery Retail Sector
91
Company Profile
93
Empresas Carozzi
93
Nestl- Chile
95
Soprole
97
Concha y Toro
99
Embotelladora Andina
102
Compa-ia Cervecerias Unidas
105
Distribuci-n y Servicio (Walmart)
107
Cencosud
110
Falabella
113
Global Industry Overview
115
Table: Food And Drink Core Views
124
Demographic Forecast
125
Demographic Outlook
125
Table: Chile's Population By Age Group, 1990-2020 ('000)
126
Table: Chile's Population By Age Group, 1990-2020 (% of total)
127
Table: Chile's Key Population Ratios, 1990-2020
128
Table: Chile's Rural And Urban Population, 1990-2020
128
Glossary
129
Food & Drink
129
Mass Grocery Retail
129
Methodology
131
Industry Forecast Methodology
131
Sector-Specific Methodology
132
Sources
132
Risk/Reward Rating Methodology
133
Table: Food & Drink Risk/Reward Rating Indicators
134
Table: Weighting
135

The Chile 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 Chile 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 Chile.

Key Benefits

  • Benchmark BMI's independent food and drink industry forecasts for Chile to test other views - a key input for successful budgeting and strategic business planning in the Chilean food and drink market.
  • Target business opportunities and risks in Chile 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.

Coverage

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 Ratings

BMI's Food & Drink Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors, food and drink manufacturers and mass grocery retailers.

The ratings 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.

Food Forecasts

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.

Industry Developments - A summary of corporate developments, including news on M&As, FDI, expansions, closures and financial results, in addition to analysis and explanation of the latest industry events and how these could influence further investment.

Market Overview - An overview of the structure of the market, introducing the key players and discussing underlying trends.

Drink Forecasts

Segmented the same way as BMI's food chapter, the drink section provides insight into the market's drink industry, centred on a forecast to end-2018 for the sector. Forecast indicators include alcoholic and soft drink sales by value, volume and sub-sector and tea and coffee sales, among others.

Mass Grocery Retail Forecasts

Segmented the same way as BMI's food and drink chapters, the mass grocery retail section provides insight into a market's grocery retail industry, centred on a forecast to end-201 for the sector. Forecast indicators include mass grocery retail sales by format (including supermarkets, hypermarkets, convenience and discount stores) and a breakdown for the organised retail sector versus the traditional sector, among others.

Competitive Landscape & Profiles

Illustration of the industry via rankings tables comparing revenues, number of outlets and number of employees. BMI analyses each company's market position, business strategies and investment potential.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc