New Market Report: Chile Food & Drink Report Q3 2014

The growth of the Chilean food and drink industry will continue to decelerate in 2014, affected by weak demand for the country's exports in the Asian markets. Recent increases in consumer prices, combined with stagnant wage growth, are set to weigh on consumer spending. This is reflected in our outlook for private consumption, which is forecast to grow at 4.5% in 2014 compared with 6.1% and 5.5% in 2012 and 2013 respectively. That said, we expect expansionary monetary policy and increased government spending to support economic activity and prevent a sharper decline in consumption.

Headline Industry Forecasts (local currency terms)

* Total food consumption (local currency) growth year-on-year (y-o-y) in 2014: +6.5%; compound annual growth rate (CAGR) to 2018: +6.6%
* Per capita food consumption (local currency) growth y-o-y in 2014: +5.6% ; CAGR to 2018: +5.8%
* Total soft drinks value (local currency) sales growth y-o-y in 2014: +7.1%; CAGR to 2018: +7.2%
* Alcoholic drinks value (local currency) sales growth y-o-y in 2014: +5.5%; CAGR to 2018: +5.8%
* Total mass grocery retail value (local currency) sales growth (y-o-y) in 2014: +5.6; CAGR to 2018: +5.9%

Full Report Details at
- http://www.fastmr.com/prod/817892_chile_food_drink_report_q3_2014.aspx?afid=301

Key Company Trends

Fedefruta Takes Further Action to Protect Fruit Exporters: Juan Carlos Brown, President of the Chilean Fruit Producers Federation (Fedefruta), stated to the Upper House's Agriculture Commission on 7 May 2014 that a new law was necessary to ensure that perishable goods would be guaranteed free transit during industrial disputes. This is the latest action that the Federation has taken in an effort to overcome the damage done to the industry by weeks of strikes by the country's port workers. Earlier this year it was reported that Fedefruta was planning to take legal action to end the strike by port workers, to allow fruit shipments pass through their terminals. The workers had been on strike for twenty-two days from 3 January 2014 before striking again for two more days after one day back at...

The Chile 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 Chile 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 Chile.

Key Benefits

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