Pub date: 12 Dec 2011 Latin America / Argentina Food & Drink Industry Report
Argentina has bounced back impressively from recession. However, where we believe consumption could be affected in the medium-term by the unwinding of the imbalances that continue to plague the Argen... Read More
Pub date: 23 Feb 2012 Asia / Australia Food & Drink Industry Report
A strong Australian dollar, falling consumer spending and the impact of the Queensland floods all took their toll on the country’s performance in 2011. BMI is holding on to a cautious outlook for the... Read More
Pub date: 03 May 2012 Middle East / Bahrain Food & Drink Industry Report
Our current outlook on Bahrain's consumer sector is cautiously optimistic, as consumer confidence looks like it is beginning to regain some strength. Bahrain's economy will continue gathering steam t... Read More
Pub date: 04 Apr 2012 Europe / Belarus Food & Drink Industry Report
As we previously noted, the consumer outlook for Belarus will remain extremely challenging, with inflation expected to skyrocket. As imported goods become more and more expensive, consumers will mos... Read More
Pub date: 11 May 2012 Latin America / Brazil Food & Drink Industry Report
Although Brazil has plenty to offer to foreign investors, we highlight that the country remains a challenging market in which to invest. High entry barriers are manifested through often conflicting ... Read More
Pub date: 30 Mar 2012 Europe / Bulgaria Food & Drink Industry Report
The Bulgarian consumer outlook will remain challenging over the short- to medium-term at least. Issues such as economic difficulties - largely caused by the slowdown in its main export partners - and... Read More
Pub date: 12 Apr 2012 North America / Canada Food & Drink Industry Report
The Canadian growth outlook remains relatively positive. The country's economy grew by 2.4% in real terms in 2011, which was a challenging and volatile year by any measure. We forecast a full-year a... Read More
Pub date: 18 May 2012 Caribbean / Trinidad & Tobago Food & Drink Industry Report
Within the Caribbean there are several markets, including the Dominican Republic and Trinidad and Tobago, which have bounced back much swiftly from the global economic downturn. In the Dominican Rep... Read More
Pub date: 19 Apr 2012 Global / Latin America Food & Drink Industry Report
Most Central American economies have improved their resilience to external shocks in recent years, primarily through the diversification of foreign earnings. Although the diversification has improved... Read More
Pub date: 09 Mar 2012 Latin America / Chile Food & Drink Industry Report
Despite the fact that its population does not exceed 18mn, we continue to view Chile as the second most attractive market in Latin America, after Brazil, partly owing to its favourable regulatory env... Read More
Pub date: 02 Mar 2012 Asia / China Food & Drink Industry Report
Given the high savings rate of the Chinese consumer, private consumption will be an outperformer to the manufacturing, investment and external sectors of China in 2012. A high savings rate means that... Read More
Pub date: 02 Mar 2012 Latin America / Colombia Food & Drink Industry Report
We have revised up our 2012 forecast for real GDP growth in Colombia, from 4.5% to 4.7%, as we believe economic growth will remain strong into H112. Growth will be driven by a combination of private... Read More
Pub date: 18 May 2012 Europe / Croatia Food & Drink Industry Report
With Croatian consumers still facing high unemployment and relatively weak credit growth – in tandem with an increasingly poor economic outlook – we see little scope for improvement in the consumer ... Read More
Pub date: 18 May 2012 Europe / Czech Republic Food & Drink Industry Report
The Czech consumer outlook remains very challenging. As austerity measures continue, both household and government spending are expected to remain in the doldrums over the course of 2012, as they wer... Read More
Pub date: 12 Mar 2012 Africa / Uganda Food & Drink Industry Report
Kenya The dynamics of a stronger currency, tight monetary policy and improved weather conditions suggest that domestic demand conditions should remain reasonably healthy in 2012. While the lagged im... Read More
Pub date: 20 Apr 2012 Africa / Egypt Food & Drink Industry Report
Egyptian food consumption values are expected to grow at a double-digit annual rates in both absolute and per-capita terms to 2016. Drivers of this trend will be a recovering economy, although elevat... Read More
Pub date: 28 Nov 2011 Europe / Estonia Food & Drink Industry Report
Estonia is still considered one of a lower medium-tier food and drink investment destinations in the Emerging Europe region. While its risk profile is one of the most benign in the region, its reward... Read More
Pub date: 04 Apr 2012 Europe / France Food & Drink Industry Report
We expect households to be hard hit over 2012, with unemployment at 9.9% (a 12 year high) and likely to rise further and leading indicators showing signs of softness. France's synthetic consumer conf... Read More
Pub date: 09 Mar 2012 Europe / Germany Food & Drink Industry Report
The ever-deepening eurozone debt crisis is proving a major challenge to Germany's economic growth model. Further escalation of the crisis, which could see a sovereign or a financial institution defau... Read More
Pub date: 13 Apr 2012 Africa / Ghana Food & Drink Industry Report
The latest data on real GDP growth reinforce our view that Ghana is at the beginning of a multi-year economic boom fuelled by the burgeoning oil and gas sector. Indeed, we expect it to be a major eco... Read More
Pub date: 11 May 2012 Europe / Greece Food & Drink Industry Report
In the first quarter of 2012, Greece averted a disorderly default in the short term as parliament backed further fiscal austerity in return for a second bailout from the troika of the European Commis... Read More
Pub date: 12 Dec 2011 Asia / Hong Kong Food & Drink Industry Report
BMI View: A reversal in Hong Kong’s booming property market will inevitably weigh on consumer purchasing power and curtail spending on higher value consumer goods. Global headwinds are also likely t... Read More
Pub date: 30 Mar 2012 Europe / Hungary Food & Drink Industry Report
The Hungarian consumer outlook will continue to provide little optimism for food and drink companies. The country's economy is expected to post a negative year-on-year (y-o-y) GDP growth, thus re-ent... Read More
Pub date: 04 Apr 2012 Asia / India Food & Drink Industry Report
Heightened consumer price sensitivity will remain a dominant theme in India over the coming quarters, with tight credit conditions and declining asset prices providing little respite for consumer con... Read More
Pub date: 09 Mar 2012 Asia / Indonesia Food & Drink Industry Report
We continue to like Indonesia as a regional outperformer, with countries more dependent on external trade, such as Singapore, feeling the effect of a protracted slowdown in exports. In the face of gr... Read More
Pub date: 20 Apr 2012 Europe / Ireland Food & Drink Industry Report
Further fiscal austerity, falling house prices, and household deleveraging will combine with a weaker external demand environment to ensure the Irish economy contracts over the course of 2012. A swif... Read More
Pub date: 12 Dec 2011 Middle East / Israel Food & Drink Industry Report
Household expenditure has grown over recent years, stimulated by the strong domestic food production industry and high per capita incomes, as well as by the expansion of modern retailing. However, as... Read More
Pub date: 12 Apr 2012 Europe / Italy Food & Drink Industry Report
We expect private consumption to contract by 0.5% in real terms in 2012 as fiscal consolidation and wider economic uncertainty depress household spending. Tax increases constitute two-thirds of the ... Read More
Pub date: 12 Apr 2012 Asia / Japan Food & Drink Industry Report
The temporary boost to Japanese private consumption in the aftermath of the Tohoku earthquake, tsunami and nuclear disaster has already given way to structural weakness. We expect the Japanese consu... Read More
Pub date: 18 May 2012 Europe / Kazakhstan Food & Drink Industry Report
We continue to view Kazakhstan as one of the most promising emerging markets in the longer term. This view is supported by favourable economic outlook for the country, despite the current slowdown in... Read More
Pub date: 18 May 2012 Middle East / Kuwait Food & Drink Industry Report
We remain broadly confident about Kuwait's growth prospects in 2012 despite the increasingly foreboding external environment. We expect that heavy government spending will continue driving a robust ... Read More
Pub date: 16 Dec 2011 Europe / Latvia Food & Drink Industry Report
Latvia ranks in second-last position in BMI’s latest Business Environment Ranking (BER) matrix for the Emerging Europe region, having fallen since it was last surveyed. The fallout from the sharp eco... Read More
Pub date: 12 Dec 2011 Middle East / Lebanon Food & Drink Industry Report
Lebanon's economy is set to slow through 2011 and into 2012 as a combination of elevated commodity prices and a spike in political risk weighs on consumption and investment patterns. Headline food c... Read More
Pub date: 06 Feb 2012 Europe / Lithuania Food & Drink Industry Report
Growing macroeconomic headwinds in Europe and the government's firm adherence to additional fiscal consolidation will see the Lithuanian economy come to a standstill in 2012, with our GDP growth for... Read More
Pub date: 11 May 2012 Asia / Malaysia Food & Drink Industry Report
The Malaysian consumer is looking to be in better shape than its regional peers to shoulder the burden of a deteriorating external climate in the coming quarters. Softening price pressure and the gov... Read More
Pub date: 02 Mar 2012 Latin America / Mexico Food & Drink Industry Report
The figures reported by Mexico's retail association attest to the weakness in the Mexican consumer sector earlier in 2011, with comparable store sales at the nation's supermarkets struggling to regis... Read More
Pub date: 12 Apr 2012 Europe / Netherlands Food & Drink Industry Report
Weaker credit extension has prompted us to revise down our 2012 private consumption growth forecast to -0.2%, from 0.2% previously. Consumer credit growth declined 4.3% y-o-y in January, following an... Read More
Pub date: 04 Apr 2012 Africa / Nigeria Food & Drink Industry Report
Growth in the consumer sector has consistently been a bright spot in Nigeria's economy, with many of the fastest-growing industries focused on catering to the country's rapidly growing private consum... Read More
Pub date: 12 Mar 2012 Africa / Tunisia Food & Drink Industry Report
Algeria Food consumption is expected to rise steadily over the next five years. The authorities are also aiming to improve government spending, while simultaneously improving the business environmen... Read More
Pub date: 09 Mar 2012 Asia / Pakistan Food & Drink Industry Report
The headwinds of slowing remittance growth and prolonged weakness of Pakistani financial assets will continue to weigh on domestic demand in the near term. Weakening global economic conditions shoul... Read More
Pub date: 04 Jan 2012 Latin America / Peru Food & Drink Industry Report
Chile-based retailer Cencosud has revealed that it remains committed to Peru following the election of left-leaning President Ollanta Humala. The firm had planned to invest US$220mn in Peru during 20... Read More
Pub date: 06 Feb 2012 Asia / Philippines Food & Drink Industry Report
BMI View: Domestic demand conditions in the Philippines are expected to soften in 2012. While remittance growth has held up well in recent months despite a deteriorating external economic environmen... Read More
Pub date: 09 Mar 2012 Europe / Poland Food & Drink Industry Report
Poland's strong domestic demand story continues to look solid and we expect Poland's status as regional outperformer will continue to attract investment into the country over the next five years. Tha... Read More
Pub date: 27 Apr 2012 Middle East / Qatar Food & Drink Industry Report
Our outlook for Qatar's consumer sector - the food and drink sector in particular - remains positive in line with the rosy outlook for the country's economy. We are currently forecasting GDP growth o... Read More
Pub date: 30 Mar 2012 Europe / Romania Food & Drink Industry Report
With Central and Eastern Europe (CEE) characterised by a weak economic outlook and largely poor demographics, Romania still holds some potential in terms of long-term growth - if one looks beyond Rus... Read More
Pub date: 30 Mar 2012 Europe / Russia Food & Drink Industry Report
Ongoing disinflation, low unemployment and relatively low household leverage suggest that domestic demand conditions in Russia will remain relatively sanguine in 2012. With the government looking to ... Read More
Pub date: 16 Mar 2012 Middle East / Saudi Arabia Food & Drink Industry Report
Saudi Arabia's positive growth outlook and its favourable demographics support our outlook for a strong consumer sector. Throughout 2011, robust growth was spurred by loose fiscal and monetary policy... Read More
Pub date: 16 Mar 2012 Europe / Serbia Food & Drink Industry Report
Due to IMF-supervised macroeconomic stability, strong foreign direct investment inflows and export competitiveness the fundamentals of the Serbian economy remain relatively strong. Primarily due to ... Read More
Pub date: 04 Apr 2012 Asia / Singapore Food & Drink Industry Report
Whereas a vigorous labour market and strong tourist arrival growth will provide some support for domestic demand, private consumption should still fall in 2012. However, we do not expect domestic de... Read More
Pub date: 12 Apr 2012 Europe / Slovakia Food & Drink Industry Report
We see little scope for improvement in consumer confidence levels in Slovakia in the course of the year. Although the new government is expected to tread lightly in terms of a possible value-added ta... Read More
Pub date: 03 Apr 2012 Europe / Slovenia Food & Drink Industry Report
Slovenia is a developed food and drink market, served by modern mass grocery retail network. Its maturity, combined with the small population size and the challenging economic outlook, will serve to ... Read More
Pub date: 25 Apr 2012 Africa / South Africa Food & Drink Industry Report
We are relatively positive on private consumption in South Africa, forecasting real growth of 3.3% in 2012, following an estimated 4.8% expansion in 2011. Although our figures suggest a notable slowd... Read More
Pub date: 19 Apr 2012 Asia / South Korea Food & Drink Industry Report
The short-term domestic demand conditions in South Korea are expected to be constrained by household debt deleveraging and a deteriorating macroeconomic outlook. These dynamics are expected to imping... Read More
Pub date: 18 May 2012 Africa / Zambia Food & Drink Industry Report
Given the rate at which the Angolan economy is forecast to grow over the next few years, there is going to be a big take-off in consumer spending. There is plenty of headroom for growth across most... Read More
Pub date: 16 Mar 2012 Europe / Spain Food & Drink Industry Report
Spain looks set to sink into economic depression as the government pushes ahead with increasingly aggressive fiscal austerity amid a rapidly deteriorating domestic environment. Even in the case of a ... Read More
Pub date: 03 Feb 2012 Asia / Taiwan Food & Drink Industry Report
We remain cautious on the near-term retail outlook for Taiwan. A bleak outlook on the global economic environment, especially that of Taiwan's major trade partners – China, the US and Japan – are exp... Read More
Pub date: 03 Apr 2012 Asia / Thailand Food & Drink Industry Report
We are acknowledging growing downside risks to our domestic demand outlook for Thailand in the coming quarters. Consumers are likely to keep a tight rein over their purse strings amid growing macroe... Read More
Pub date: 24 Feb 2012 Europe / Turkey Food & Drink Industry Report
Turkey remains one of the most promising emerging markets, having rebounded from the 2009 recession very strongly. Its economy continues to develop apace, providing plentiful opportunities for a furt... Read More
Pub date: 03 Apr 2012 Europe / Ukraine Food & Drink Industry Report
In the decade ahead, Ukraine's GDP per capita is expected to remain one of the lowest in Europe. While there is still enormous unrealised potential in terms of political reform and economic growth, w... Read More
Pub date: 17 Feb 2012 Middle East / United Arab Emirates Food & Drink Industry Report
Although the UAE's economy is set to slow in 2012, the outlook for the food industry remains strong. The UAE is set for another year of steady yet relatively uninspiring growth through 2012 as global... Read More
Pub date: 16 Mar 2012 Europe / United Kingdom Food & Drink Industry Report
In January 2012, Tesco issued a profit warning after posting lacklustre UK results for the Christmas period. Tesco has attributed its poor showing to stronger promotion activity from its rivals, whic... Read More
Pub date: 19 Apr 2012 North America / United States Food & Drink Industry Report
We expect a slow recovery of the US economy during the current year, on the back of improving employment figures and also strengthening consumer sentiment. We expect real private consumption growth ... Read More
Pub date: 03 Apr 2012 Latin America / Venezuela Food & Drink Industry Report
Private consumption was pretty strong in the latter stages of 2011, a trend which is likely to be continued in the early stages of 2012 given the huge amount of monetary stimulus still in the pipelin... Read More
Pub date: 11 May 2012 Asia / Vietnam Food & Drink Industry Report
We hold a sanguine outlook on the near-term demand prospects in Vietnam. Tight labour market conditions and waning inflationary pressures will help bolster domestic demand in the coming quarters. On... Read More
Pub date: 05 Mar 2012 Africa / Ghana Food & Drink Industry Report
... Read More
Pub date: 03 Feb 2012 Africa / Zimbabwe Food & Drink Industry Report
While significant downside political and economic risks remain in play, the stability provided by the functional unity government and the ongoing consumer spending kick provided by the dropping of th... Read More
Pub date: 11 May 2011 Global / Asia Food & Drink Special Report
In the Asia-Pacific region, the most exciting long-term retail opportunities lie with India,Indonesia and Vietnam.... Read More
Pub date: 12 Jun 2009 Global Food & Drink Special Report
BMI examines the challenges facing the global tobacco industry, providing five-year growth forecasts for global markets and examining the strategy of the industry’s leading players.... Read More
Pub date: 01 Jan 2012 Global / Asia Food & Drink Multinational Companies Industry Directory
Multinational Food & Drink Companies in Asia CD-ROM... Read More
Pub date: 01 Jan 2012 Global / Europe Food & Drink Multinational Companies Industry Directory
Multinational Food & Drink Companies in Emerging Europe CD-ROM... Read More
Pub date: 01 Jan 2012 Global / Latin America Food & Drink Multinational Companies Industry Directory
Multinational Food & Drink Companies in Latin America CD-ROM... Read More
Pub date: 01 Jan 2012 Global / Middle East Food & Drink Multinational Companies Industry Directory
Multinational Food & Drink Companies in the Middle East & Africa CD-ROM... Read More