BMI View : In terms of the growth prospects for the Taiwanese economy looking into 2014, we expect supportive pressure from the tech sector and Chinese demand to wane as the year progresses. Additionally, we highlight two factors - the structural rebalancing of China's economy and increasing incidence of political deadlock in Taiwan - which we believe will hurt its economy in the long term. We have consequently downgraded our 2013 and 2014 real GDP projections from 3.0% and 4.0% to 2.1% and 3.0% respectively. Therefore, we remain relatively pessimistic about the performance of Taiwan's food and drink market in the short- to medium term, although we caution that select individual (premium) sectors are likely to outperform the overall market.
Headline Industry Data (local currency)
? 2013 per capita food consumption (value): +1.07%; forecast compound annual growth rate (CAGR) 2013 to 2017: +2.45%.
? 2013 alcoholic drinks sales (volume): +1.69%; forecast CAGR 2013 to 2017: +1.66%.
? 2013 soft drinks sales (value): +4.18%; forecast CAGR 2013 to 2017: +3.92%.
? 2013 mass grocery retail sales: +4.51%; forecast CAGR 2013 to 2017: +3.71%.
Key Company Trends
Hey Song Invests I n Healthier Drinks : In early 2013 Taiwanese soft drinks manufacturer Hey Song announced plans to invest at least TWD1bn in building a new production line in Zhongli City, expected to be operational by 2014, and which will cater for new, healthier drinks. The new aseptic production line will be the first of its kind in Taiwan and will allow the company to add vitamins, milk and other nutritional elements to its drinks.
Uni-President Accelerates In vestment I n China : In early 2013 Taiwan-based Uni-President announced plans for a US$100mn investment to set up a bottled water and food factory at different locations in China. Uni-President indicated that the prospects for China's consumer market are extremely promising. In order to capitalise on the substantial business opportunities, the...
The Taiwan 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 Taiwan 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 Taiwan.
- Benchmark BMI's independent food and drink industry forecasts for Taiwan to test other views - a key input for successful budgeting and strategic business planning in the Taiwanese food and drink market.
- Target business opportunities and risks in Taiwan 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.
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.
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.
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.