Now Available: Czech Republic Food & Drink Report Q4 2014

From: Fast Market Research, Inc.
Published: Mon Aug 25 2014

Following the Czech Statistical Office's latest revision of the Q114 real GDP growth print, we have revised upward our forecast to 2.4% from 1.8% previously. Nevertheless, we reiterate our expectation for the momentum behind the export-led recovery in the Czech Republic will abate somewhat in H214, on the back of a slowdown in German export growth. Fiscal austerity and unemployment have placed downwards pressure on private consumption and household spending over the past two years, although consumer confidence showed signs of improvement throughout 2013. This has important ramifications for the country's food and drink sector, with subdued spending power a considerable threat to sustainable growth in coming quarters. However, with continued improvement in consumer confidence and a possible relaxation of fiscal austerity measures, we are positive that the country will achieve a modest turnaround during 2014.

Full Report Details at

Headline Industry Data

* 2014 per capita food consumption (local currency terms): +1.0%; compound annual growth rate (CAGR) to 2018:+2.6%
* 2014 alcoholic drinks value sales (local currency terms): +2.4%; CAGR to 2018: +4.4%
* 2014 soft drinks value sales (local currency terms): +5.1%; CAGR to 2018: +8.8%
* 2014 mass grocery retail sales (local currency terms): +4.0%; CAGR to 2018: +6.8%

Key Company Trends

CAP Reform: Emerging European Countries Will Feel Pressure : The EU's 2014-2020 CAP reform will result in a drag on yield and crop production growth in emerging European countries over the next few years. Lower pillar 2 payments, sluggish grain price growth and the liberalisation of the EU's dairy and sugar production quotas will hurt farm income in these countries and limit future investment in seeds and machinery.

The European Union's Common Agricultural Policy (CAP) is the single largest beneficiary of the EU budget, comprising about 40% of total funds. The CAP is divided into two main 'pillars' of support for European farmers. The first pillar,...

The Czech Republic 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 Czech Republic 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 Czech Republic.

Key Benefits

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