Colombia Food and Drink Report Q1 2013
Weaker-than-expected global economic conditions have led us to revise down our real GDP growth forecast for Colombia from 4.4% to 4.3% in 2013. The ongoing deterioration of the global economy will weigh on Colombian exports and, combined with a moderation in the country’s robust consumer story, will lead to slower headline growth over the coming years, from the 5.9% expansion the economy witnessed in 2011. Private consumption is likely to remain the principal driver of domestic demand in Colombia over the longer term. Additionally, the country’s large proportion of low-income consumers means Colombia has one of the lowest per capita food consumption rates within the region, leaving considerable room for growth.
Headline Industry Data (in local currency): ? 2013 per capita food consumption = +6.6%; five-year forecast to 2017 = +44.8%. ? 2013 alcoholic drink sales = +3.6%; forecast to 2017 = +19.2%. ? 2013 soft drink sales = +5.2%; forecast to 2017 = +25.7%. ? 2013 mass grocery retail sales = +8.3%; forecast to 2017 = +44.9%.
Key Company Trends Juan Valdez Launches in China: In autumn 2012, Colombian coffee producer Juan Valdez launched on the Chinese market with its coffee available through specialist food e-commerce portal Yihaodian China. The decision to launch online sales can be attributed to the fact that e-commerce can more easily reach a national audience across China at competitive prices. The company is also consolidating its presence elsewhere around the world, with plans to enter Mexico and Peru. In the Middle East, the brand could enter Egypt and Turkey over the longer term.
Biedronka Format Prepares for Opening: In autumn 2012, Portuguese retailer Jerónimo Martins confirmed that the opening of its first Biedronka discount store in Colombia will take place ‘between the fourth quarter of 2012 and the first quarter of 2013.’ The retailer has plans to open up to 500 stores over the next five years. The company may also look for acquisitions in order to become one of Colombia’s top three retailers.
Key Risks To Outlook Potential Impact Of External Slowdown: A further deterioration in global growth could place downward pressure on energy prices, dampening demand for Colombian exports and reducing foreign direct investment.
Table of contentsBMI Industry View
Colombia Food Industry SWOT
Colombia Drink Industry SWOT
Colombia Mass Grocery Retail Industry SWOT Business Environment
BMI’s Core Global Industry Views
Table: Core Views Latin America Risk/Reward Ratings
Table: Latin America Q113 Food & Drink Risk/Reward Sub-Factor Ratings (scores out of 10) Table: Latin America Q113 Food & Drink Risk/Reward Ratings
Colombia Risk/Reward Ratings Macroeconomic Outlook
Table: GDP By Expenditure Industry Forecast Scenario
Food Food Consumption Table: Food Consumption Indicators – Historical Data & Forecasts, 2010-2017
Table: Confectionery Value/Volume Sales – Historical Data & Forecasts, 2010-2017
Table: Canned Food Value/Volume Sales – Historical Data & Forecasts, 2010-2017
Jams & Jellies.
Table: Jams & Jellies Volume Sales, Production & Trade – Historical Data & Forecasts, 2010-2017
Table: Pasta Volume Sales, Production & Trade – Historical Data & Forecasts, 2010-2017 Dairy
Table: Dairy Volume Sales, Production & Trade – Historical Data & Forecasts, 2010-2017 Meat.
Table: Meat Volume Sales, Production & Trade – Historical Data & Forecasts, 2010-2017 . Fish
Table: Fish Volume Sales, Production & Trade – Historical Data & Forecasts, 2010-2017
Table: Hot Drink Value Sales – Historical Data & Forecasts, 2010-2017 Alcoholic Drinks Table: Alcoholic Drinks Value/Volume Sales – Historical Data & Forecasts, 2010-2017
Soft Drinks : Soft Drinks Value/Volume Sales – Historical Data & Forecasts, 2010-2017 Mass Grocery Retail
Table: Mass Grocery Retail Sales By Format – Historical Data & Forecasts, 2010-2017
Table: Sales Breakdown By Retail Format Type, %.
Table: Food & Drink Trade Balance – Historical Data & Forecasts, 2010-20178 Food
Key Company Trends And Developments Nutresa Modernises And Expands Colombia Food & Drink Report Q1 2013
Aid For Banana Sector .. Dairy Investment Will Trigger Growth In Remote Areas
International Expansion With Focus On The US
Growth In Added-Value Products
Trade Affected By Venezuelan Relations.
Key Company Trends And Developments .
Juan Valdez Launches Into China
Colombia’s Coffee Harvest May Disappoint.
SABMiller Raises Volume Forecasts At Expense Of Price Growth.
FEMSA Investing In Colombia
Opportunities For Coffee
Hot Drinks .
Soft Drinks And Bottled Water.
Alcoholic Drinks .
Mass Grocery Retail .
Key Company Trends And Developments .
Exito Forges Ahead
Carrefour’s LatAm Business Tempting Proposition For Walmart
Ripley To Open First Colombian Outlet
Table: Structure Of Colombia’s MGR Market – Estimated Number Of Outlets, 2004-2010
Table: Structure Of Colombia’s MGR Market – Value Sales By Format, 2004-2010 (US$bn).
Table: Structure Of Colombia’s MGR Market – Sales By Format, 2004-2010 (COPbn).
Table: Average Annual Sales Value By Format, 2010 Competitive Landscape Key Players. Table: Key Players In Colombia’s Food Sector.
Table: Key Players In Colombia’s Drink Sector
Table: Key Players In Colombia’s Mass Grocery Retail Market Company Profiles . Food C.I. Union de Bananeros de Uraba (Uniban)
Alianza Team (Tecnologia Empresarial de Alimentos
Grupo Nutresa Drink
Postóbon SABMiller Colombia Mass Grocery Retail
Almacenes Exito. Carrefour (Colombia). Olímpica Colombia Food & Drink Report Q1 2013
Demographic Outlook .
Table: Colombia’s Population By Age Group, 1990-2020 (‘000)
Table: Colombia’s Population By Age Group, 1990-2020 (% of total)
Table: Colombia’s Key Population Ratios, 1990-2020
Table: Colombia’s Rural And Urban Population, 1990-2020.
Risk/Reward Ratings Methodology
Table: Weighting BMI Food & Drink Industry Glossary.
Food & Drink. Mass Grocery Retail
BMI Food & Drink
Forecasting & Sourcing
How We Generate Our Industry Forecasts
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Office opening hours
The office is closed during weekends.
Current time at just-drinks headquarters: 8:40am (Saturday, 8 March 2014)