Ireland Food and Drink Report Q1 2013
Report description
BMI View: Ireland's economy is showing some tentative signs of recovery, with GDP growth forecast to return to positive territory from 2013 onwards. However, the painful internal devaluation that the Irish economy is undergoing will continue in the medium term, ensuring conditions continue to feel recessionary for most Irish citizens. This in turn has negative implications for consumer spending on food and drink.
Headline Industry Data (local currency)
? 2013 per capita food consumption +0.5%; forecast to 2017 +5.6
%? 2013 alcoholic drink sales +1.5%; forecast to 2017 +10.5
%? 2013 soft drink sales +1.6%; forecast to 2017 +12.3
%? 2013 mass grocery retail sales +3.8%; forecast to 2017 +21.2
%Key Industry Trends & Developments
Food Sector to Boost Economic Growth: In autumn 2012 the Irish government revealed plans to substantially increase sustainable food production and exports. Minister of Agriculture Simon Coveney announced that agriculture will be a central industry for sustainable growth in Ireland over the next 10-50 years. At the same time, Prime Minister Enda Kenny said that the country's food and drink sector is playing a vital role in driving the economic growth of the country, generating export revenues of more than EUR8bn in 2011. According to Kenny, Ireland will increase its food production to feed 15mn people by 2020
C&C Expands Reach Further: In late 2012, Irish drinks group C&C acquired US craft cider maker Vermont Hard Cider for EUR230mn, giving the group a 48% share of the fast-growing American cider market. The company also announced that it had agreed to buy Irish drinks supplier and distributor Gleeson Group in a deal worth EUR58mn. According to officials at C&C, the acquisition has the potential to transform the existing Irish business through the addition of an extensive distribution network and the creation of an attractive, multi-beverage-brand platform.
Key Risks To Outlook
The main risks to our outlook stem from Ireland's high public and private debt levels and the potential for a dramatic deterioration of the European sovereign debt crisis. While we have taken into account weak external demand and a deleveraging single currency, the country's sensitivity to external demand means that a further worsening of the eurozone crisis could see a return to negative GDP growth in 2013. In this scenario, reduced domestic and external demand could put pressure on the country's ability to adhere to the stringent fiscal conditions imposed by the EU/IMF.
Table of contents
Chapter - BMI Industry View
BMI Industry View
Chapter - SWOT
Food
Drink
Mass Grocery Retail
Chapter - Industry Forecast
Food
Consumer Outlook
Food Consumption
Table: Food Consumption Indicators - Historical Data & Forecasts, 2010-2017
Confectionery
Table: Confectionery Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Processed Food
Table: Meat Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Table: Fish Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Table: Fruit & Vegetable Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Table: Snack Foods Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Table: Table: Table Headertable:headerPasta Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Oils & Fats
Table: Oils & Fats Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Dairy
Table: Dairy Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Drink
Soft Drinks & Bottled Water
Table: Soft Drinks Volume/Value Sales - Historical Data & Forecasts, 2010-2017
Alcoholic Drinks
Table: Alcoholic Drinks Volume/Value Sales - Historical Data & Forecasts, 2010-2017
Hot Drinks
Table: Hot Drinks Volume Sales, Production & Trade - Historical Data & Forecasts, 2010-2017
Mass Grocery Retail
Table: Mass Grocery Retail Sales By Format - Historical Data & Forecasts, 2010-2017
Table: Table: Organised Retail Market Share, 2010 & 2020
Trade
Table: Food & Drink Trade Balance - Historical Data & Forecasts (US$mn), 2010-2017
Chapter - Industry Risk Reward Ratings
Western Europe Food & Drink Risk/Reward Ratings
Table: Western Europe Q113 Food & Drink Risk/Reward Sub-Factor Ratings (scores out of 10)
Table: Western Europe Q113 Food & Drink Risk/Reward Ratings
Chapter - Market Overview
Food
Agri-Food
Confectionery
Prepared Food
Confectionery
Prepared Food
Drink
Soft Drinks
Alcoholic Drinks
Mass Grocery Retail
Table: Structure Of Ireland's Mass Grocery Retail Market By Estimated Number Of Outlets
Table: Table: Annual Average Sales Per Outlet By Format - 2010
Chapter - Industry Trends And Developments
Food
Drink
Mass Grocery Retail
Chapter - Competitive Landscape
Food & Drink Key Players
Table: Key Players In Ireland's Food Sector
Table: Key Players In Ireland's Drink Sector
Chapter - Company Profile
Kerry Group
Greencore
C&C
Tesco Ireland
Chapter - Global Industry Overview
Global Food & Drink Core Views
Table: Core Views
Chapter - Demographic Forecast
Demographic Forecast
Table: Table: Ireland's Population By Age Group, 1990-2020 ('000)
Table: Table: Ireland's Population By Age Group, 1990-2020 (% of total)
Table: Table: Ireland's Key Population Ratios, 1990-2020
Table: Table: Ireland's Rural And Urban Population, 1990-2020
Chapter - Glossary
Glossary
Food & Drink
Mass Grocery Retail
Chapter - Methodology
Risk/Reward Ratings Methodology
Table: Rewards
Table: Risks
Table: Weighting
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