Business Monitor International


Serbia Food & Drink Report

Published 26 February 2014

  • 128 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Serbia Food & Drink Report

BMI View: We have recently adjusted down our forecast for private consumption and investment growth for 2014 in Serbia as disappointing Q213 results showed a recovery is taking longer than we expected. Domestic demand is still struggling as the deleveraging of the household sector impedes private consumption, which is further hampered by record high unemployment. Weak credit growth continues to weigh on private spending. This will likely weigh on future food consumption, as indicated in our forecast figures.

Headline Industry Data (local currency):

  • 2014 per capita food consumption: +1.6%; forecast CAGR 2014 to 2018: +3.0%.

  • 2014 alcoholic drinks value sales: +1.6%; forecast CAGR 2014 to 2018: +2.5%.

  • 2014 soft drinks value sales: +5.8%; forecast CAGR 2014 to 2018: +11.5%.

  • 2014 mass grocery retail sales: +4.3%; forecast CAGR 2014 to 2018: +6.8%.

Key Industry Trends

Ferrero Signs MoU With Serbian Government : In February 2014 it was announced that Italian confectionery company Ferrero had signed a memorandum of understanding (MoU) with the Serbian government on February 6, in a bid to make Serbia 'the European hub of hazelnut production'. The partnership between the Italian company and Serbian producers will generate an opportunity to promote hazelnut production in central and eastern Serbia. According to Minister of Agriculture Dragan Glamocic, 'Ferrero's investments will enlarge the area covered with hazelnut trees from 1,000 hectares to over 10,000 hectares by 2020.'

Sojaprotein Moves T o Higher Value : In autumn 2013, the Balkans' largest soy bean processor, Serbia based Sojaprotein, announced that it is to borrow EUR110mn from Societe Generale and UniCredit for refinancing as the company shifts to higher value products. The financing will support the transition from soybean meal for animal feeds to higher margin soy protein concentrate.

Delhaize Incurs Writed own O n Serbian Business : In November 2013 Belgian based retailer Delhaize...

Table of Contents

BMI Industry View
7
SWOT
9
Food
9
Drink
11
Mass Grocery Retail
13
Industry Forecast
15
Consumer Outlook
15
Food
16
Food Consumption
16
Table: Food Consumption Indicators - Historical Data & Forecasts, 2011-2018
16
Confectionery
17
Table: Confectionery Value Sales - Historical Data & Forecasts, 2011-2018
17
Canned Food
18
Table: Canned Foods Volume/Value Sales - Historical Data & Forecasts, 2011-2018
19
Snack Foods
19
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
19
Meat
21
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
21
Dairy
23
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2011-2018
23
Drink
25
Alcoholic Drinks
25
Table: Alcoholic Drinks Value Sales - Historical Data & Forecasts, 2011-2018
26
Soft Drinks
26
Table: Soft Drinks Value/Volume Sales - Historical Data & Forecasts, 2011-2018
27
Hot Drinks
28
Table: Hot Drinks Value Sales - Historical Data & Forecasts, 2011-2018
29
Mass Grocery Retail
29
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2011-2018
30
Table: Mass Grocery Retail Sales Breakdown By Retail Format (% of total)
31
Trade
31
Table: Food & Drink Trade Indicators - Historical Data & Forecasts, 2011-2018
32
Macroeconomic Forecast
33
Economic Analysis
33
Table: Serbia - Economic Activity
37
Industry Risk Reward Ratings
38
Central And Eastern Europe Risk/Reward Ratings
38
Table: Central & Eastern Europe Food & Drink Risk/Reward Ratings Q214
40
Table: Central & Eastern Europe Food & Drink Risk/Reward Sub-Factor Ratings Q214 (scores out of 10)
43
Serbia Risk/Reward Ratings
44
Market Overview
46
Food
46
Food Consumption
46
Food Production
46
Leading Players
46
Confectionery
48
Canned Food
48
Trade
48
Agriculture
49
Dairy Production
51
Sugar Production
51
Drink
53
Beer
53
Spirits
54
Wine
55
Soft Drinks
56
Hot Drinks
57
Mass Grocery Retail
58
Industry Trends And Developments
60
Food
60
Key Industry Trends And Developments
60
Drink
66
Key Industry Trends And Developments
66
Mass Grocery Retail
69
Key Industry Trends And Developments
69
Competitive Landscape
73
Table: Key Players In Serbia's Food & Drink Sector
73
Table: Key Players In Serbia's Mass Grocery Retail Sector
74
Company Profile
76
Bambi
76
Mondi Serbia
78
Mladost-Sid
80
Sunoko
81
Coca-Cola/IBP Beograd AD
84
Beogradska Industrija Piva (BIP)
86
Carlsberg Serbia/Pivara Celarevo
88
Apatinska Pivara
90
Arteska International Company
92
BB Minaqua
94
Knjaz Milo-
96
Mercator
98
Veropoulos
101
Delhaize/Delta Holding
103
Metro
106
Global Industry Overview
108
Table: Food And Drink Core Views
117
Demographic Forecast
118
Demographic Outlook
118
Table: Serbia's Population By Age Group, 1990-2020 ('000)
119
Table: Serbia's Population By Age Group, 1990-2020 (% of total)
120
Table: Serbia's Key Population Ratios, 1990-2020
121
Table: Serbia's Rural And Urban Population, 1990-2020
121
Glossary
122
Food & Drink
122
Mass Grocery Retail
122
Methodology
124
Industry Forecast Methodology
124
Sector-Specific Methodology
125
Sources
125
Risk/Reward Rating Methodology
126
Table: Food & Drink Risk/Reward Rating Indicators
127
Table: Weighting
128

The Serbia 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 Serbia 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 Serbia.

Key Benefits

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

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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