"Bulgaria Food & Drink Report Q2 2015" Published

From: Fast Market Research, Inc.
Published: Fri Feb 13 2015


We are sceptical about the longer-term sustainability of Bulgaria's consumer spending story. It is unclear how the country will be able to maintain its current level of consumption in the face of deteriorating external demand. Once the base effects from the recovery begin to wane, which we expect to occur at some point in 2016, the country will struggle to maintain current levels of economic activity given our expectations for persistently weak demand in the e urozone, thus making export-led growth unlikely. Against this backdrop, we forecast private consumption to grow 1.8% and 2.5% in 2015 and 2016, contributing 1.2 and 1.7 percentage points (pp) to growth, respectively.

Headline Industry Data:

* 2015 food consumption (local currency) growth: +0.2%; forecast compound annual growth rate (CAGR) 2014 to 2019: +1.0%.
* 2015 alcoholic drinks sales volume growth: +1.0%; forecast CAGR 2014 to 2019: +1.6%.
* 2015 soft drinks sales volume growth: +1.6%; forecast CAGR 2014 to 2019: +1.3%.
* 2015 mass grocery retail sales (local currency) growth: -0.5%; forecast CAGR 2013 to 2018: +0.8%.

Full Report Details at
- http://www.fastmr.com/prod/953201_bulgaria_food_drink_report_q2_2015.aspx?afid=302

Key Industry Trends And Developments

Tyras Plans Investment For Bulgaria Plant : In November 2014 it was reported that Greece-based dairy processor Tyras would invest EUR15mn (USD18.8mn) in its Tyrbul plant in Sliven, Bulgaria, in the coming years. The company plans to spend EUR3mn (USD3.76mn) on new facilities, EUR7mn (USD8.77mn) on plant automation and the remaining amount on new equipment, according to co-owner and executive director, Dimitris Sarantis. The investment is expected to increase capacity by 50%, allowing the factory to add soft cheese to its product range. Tyrbul is a subsidiary of Tyras, which owns five plants across Greece, Bulgaria and Romania.

Danone Transfers Bulgarian Facility To Schreiber Foods : In autumn 2013, Danone transferred ownership of Bulgarian subsidiary Danone Serdika's production facilities to Schreiber Foods. The transaction...

The Bulgaria 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 Bulgaria 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 Bulgaria.

Key Benefits

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