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Poland Food and Drink Report Q3 2009 - Independent Forecasts and Competitive Intelligence on Poland's Food and Drink Industry
2009 AUG 3 - (NewsRx.com) -- Research and Markets has announced the addition of the "Poland Food and Drink Report Q3 2009" report to their offering. Poland Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Poland's food and drink industry. In the Business Environment Ratings for Q309, Poland is placed eighth, having previously been ranked third out of the 14 key markets within Central and Eastern Europe (CEE). As with a number of other markets in the region, Poland's attractiveness has suffered from the effects of adverse economic conditions. In fact, a flash estimate provided by the Central Statistical Office shows Polish economic growth slowing to 3.0% year-on-year (y-o-y) during Q408 from 4.8% the previous quarter. We expect growth to continue slowing through 2009, with the economy likely to dip into recession during H209, although the situation will not be as dire as in the Czech Republic and Hungary. In the meantime, consumer spending in Poland has already taken a turn for the worse, which will have a major impact on the food and drinks values in the current year. In a blow for the alcoholic drinks industry, the government recently increased its excise duty on alcohol and tobacco products, intent on reviving its flagging tax revenues. Concurrently, mass grocery retail (MGR) sales through supermarkets and hypermarkets are suffering from the rise of private label goods and increased popularity of the discount format. Domestic producers are also feeling the negative effects of a flagging domestic market as well as import demand by key trading partners, including the US, the UK and Germany. Indeed, a number of Polish companies are already looking to mitigate the consequences of the economic crisis. Among these are Alta Capital Partners, a Baltics-based investment fund, which recently announced its intention to divest a majority share it holds in Polish confectionery producer Mieszko, which has amassed considerable debts. Similarly, Polish brewer Kompania Piwowarska, a subsidiary of multinational SABMiller, announced that it will be slashing 80 jobs in an effort to cope with the slump in the domestic beer market. In order to guard against the possibility of flat volume growth in 2009, the brewer may decide to take a hit on its margins to ease the burden on its consumers. In the meantime, Danish Royal Unibrew sold its loss making Polish brewery Koszalin to Van Pur, as part of the formers restructuring plan that also includes a transfer of Koszalins capacity to its other Polish brewery at Lomza. Key Topics Covered: Executive Summary SWOT Analysis Business Environment Food Drink Mass Grocery Retail Competitive Landscape Company Analysis Appendix Commodity Price Forecasts Country Snapshot: Poland Demographic Data Food & Drink Business Environment Ratings Food & Drink Industry Glossary Keywords: Research and Markets Ltd., Retail, Food and Beverage, Economics, Consumer Spending, Economic Growth, Economics, Finance, Food, Investing, Investment, Investment Funds, Mutual Funds, Addiction Medicine, Alcoholism, Mental Health This article was prepared by Mental Health Weekly Digest editors from staff and other reports. Copyright 2009, Mental Health Weekly Digest via NewsRx.com.
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