New Food research report from Business Monitor International is now available from Fast Market Research
[USPRwire, Fri Jan 09 2015] Slovenian retail sales readings continue to show signs of improvement, in line with our expectations for a gradual recovery in household consumption. While we expect the positive trends in the Slovenian economy to persist over the coming years, the recovery will be slow and modest. As a result, we forecast weak growth in the Slovenian food and drink market with sales accelerating towards the second half of our forecast period.
Headline Industry Data (local currency)
* Food consumption growth (year-on-year, y-o-y) in 2014: +0.2%; compound annual growth rate (CAGR) 2013-2018: +1.0%
* Per capita food consumption growth (y-o-y) in 2014: 0.0%; CAGR 2013-2018: +0.8%
* Alcoholic drinks value sales growth (y-o-y) in 2014: +1.2%; CAGR 2013-2018: +1.9%
* Soft drinks value sales growth (y-o-y) in 2014: +1.8%; CAGR to 2013-2018: +2.8%
* Total mass grocery retail value sales growth (y-o-y) in 2014: +2.6%; CAGR to 2013-2018: +4.2%
Rastoder & Agrokor Enter Cooperation Deal: In June 2014, Slovenia-based fruit and vegetable processor Rastoder has entered a cooperation deal worth between EUR70mn (USD95mn) and EUR100mn (USD135mn) with Croatian retailer Agrokor. Under the terms of the agreement, Rastoder's high-quality products will be made available for the same or lesser price to Agrokor customers.
Agrokor Completes Purchase Of Mercator : Agrokor confirmed on its website in June 2014 that it had completed the majority purchase of Slovenia's largest retailer, Mercator. The purchase was valued at a total of EUR 544m; Agrokor purchased around 53% of shares in the company for EUR324mn, while an extra EUR220mn was set aside for other investments associated with the purchase. Prior to the takeover, Agrokor reached an arrangement with banks to refinance up to EUR1bn of debt and achieved regulatory approval. Agrokor stated that the two companies would generate EUR7bn of annual revenues and employ more than 64,000 people. Ivica Todori?, president...
The Slovenia 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 Slovenia 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 Slovenia.
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