Business Monitor International


Chile Food & Drink Report

Published 01 September 2014

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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 3.5% in 2014 compared with 6.1% and 5.5% 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

Russian Import Ban Set To Boost Chilean Salmon Production:  Less than a month after Sefoodnews.com reported that Chile's farmed salmon production for 2014 was set to hit or be close to record levels, the industry received a further boost courtesy of the Russian import ban introduced in August 2014.

Just a week after Russia's retaliatory import ban, targeting countries that have introduced sanctions over its conduct in the Ukraine and following the shooting down of Malaysian Airlines flight MH17, Chile's salmon farms have received big order requests.

A report in Undercurrent News stated that orders received from Russia by Chilean company Salmones Aysen, following the import ban, were up 50% on the same period in 2013. The company's Export Manager, Felipe Jankelevich, told them that it had...

Table of Contents

BMI Industry View
7
SWOT
10
Food
10
Drink
12
Mass Grocery Retail
13
Industry Forecast
14
Consumer Outlook
14
Food
16
Food Consumption
16
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
18
Canned Food
18
Table: Canned Food Volume/Value Sales - Historical Data & Forecasts, 2011-2018
19
Confectionery
19
Table: Confectionery Volume/Value Sales - Historical Data & Forecasts, 2011-2018
20
Processed Food
21
Table: Frozen Vegetables Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
21
Oils and Fats
22
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
22
Meat
24
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
25
Pasta
26
Table: Pasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
27
Bread And Snacks
28
Table: Bread & Snacks Volume Sales, Production & Trade - Historical Data & Forecast, 2011-2018
28
Dairy
30
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
30
Drink
36
Hot Drinks
36
Table: Hot Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
37
Soft Drinks
37
Table: Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
39
Table: Carbonated Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2011-2018
40
Table: Fruit/Vegetable Juice Volume/Value Sales - Historical Data & Forecasts, 2011-2018
40
Table: Bottled Water Volume/Value Sales - Historical Data & Forecasts, 2011-2018
41
Alcoholic Drinks
42
Table: Alcoholic Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
43
Table: Beer Value/Volume Sales - Historical Data & Forecasts, 2011-2018
44
Table: Wine Value/Volume Sales - Historical Data & Forecasts, 2011-2018
45
Table: Spirits Value/Volume Sales - Historical Data & Forecasts, 2011-2018
45
Mass Grocery Retail
46
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
46
Table: Sales Breakdown By Retail Format Type
47
Trade
48
Table: Food & Drink Trade Balance - Historical Data & Forecasts, 2011-2018
49
Macroeconomic Forecast
50
Economic Analysis
50
Table: Chile - Economic Activity
58
Industry Risk Reward Ratings
59
Latin America Risk/Reward Ratings
59
Table: Latin America Food & Drink Risk/Reward Ratings Q314
60
Table: Latin America Food & Drink Risk/Reward Sub-Factor Ratings Q314 (scores out of 10)
63
Chile Risk/Reward Ratings
64
Market Overview
65
Food
65
Food Production
65
Canned Food/Prepared Food
66
Confectionery
67
Dairy
68
Aquaculture
69
Drink
70
Soft Drinks
70
Hot Drinks
71
Alcoholic Drinks
71
Mass Grocery Retail
75
Table: Structure Of Chile's Mass Grocery Retail Market By Estimated Number Of Outlets, 2003-2011
76
Table: Structure Of Chile's Mass Grocery Retail Market - Sales By Format (USDbn), 2003-2011
76
Industry Trends And Developments
77
Food
77
Key Industry Trends And Developments
77
Drink
82
Key Industry Trends And Developments
82
Mass Grocery Retail
87
Key Industry Trends And Developments
87
Competitive Landscape
94
Table: Key Players In Chile's Food Sector
94
Table: Key Players In Chile's Drink Sector
95
Table: Key Players In Chile's Mass Grocery Retail Sector
95
Company Profile
97
Empresas Carozzi
97
Nestl- Chile
99
Soprole
101
Concha y Toro
103
Embotelladora Andina
106
Compa-ia Cervecerias Unidas
109
Distribuci-n y Servicio (Walmart)
112
Cencosud
115
Falabella
118
Global Industry Overview
120
Table: Food And Drink Core Views
129
Demographic Forecast
130
Table: Chile's Population By Age Group, 1990-2020 ('000)
131
Table: Chile's Population By Age Group, 1990-2020 (% of total)
132
Table: Chile's Key Population Ratios, 1990-2020
133
Table: Chile's Rural And Urban Population, 1990-2020
133
Glossary
134
Food & Drink
134
Mass Grocery Retail
134
Methodology
136
Industry Forecast Methodology
136
Sector-Specific Methodology
137
Sources
137
Risk/Reward Rating Methodology
138
Table: Food & Drink Risk/Reward Rating Indicators
139
Table: Weighting
140

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 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.

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.

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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