Browse the complete Report on: Turkey Food and Drink Report Q4 2010
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Turkey's short-term consumer spending outlook emphatically distinguishes it from the rest of emerging Europe, with trends far detached from a region that for the most part has been systemically negatively affected by the economic turbulence of the past 18 months.
Turkey is expected to be one of Europe’s strongest performing economies over the next decade. Able to call on a dynamic long-term economic outlook (by 2019 its per capita GDP is expected to resemble that of Portugal’s, according to our Europe team), a business friendly regulatory environment and a growing population already in excess of 70mn, Turkey is likely to emerge as one of the world’s highest potential consumer markets over the next decade.
Headline Industry Data
Discount Retail Outperforming - Discount retail sales continue to perform strongly with the leading players laying down significant expansion plans. In May 2010, the rapidly growing Turkish discount retailer Diasa put forward plans to launch 300 new stores by year-end 2010. One of the much vaunted ‘E7’ emerging markets (along with Brazil, China, India, Indonesia, Mexico and Russia), we believe a strong case can be made for Turkey’s mass grocery retail industry to be considered emerging Europe’s most promising.
In April 2010, Turkey’s leading discount retailer BIM Birlesik Magazalar AS announced its aim to grow annual sales by 25% in FY10 (12 months to December 31 2010), with growth largely being driven by aggressive organic store expansion. Sometimes called the ‘Turkish Aldi’ due to the similarity of its business model to that of the German discounter, BIM reported above consensus FY09 headline year-onyear (y-o-y) earnings growth of 86% to TRY213mn (US$101.94mn) with annual sales increasing by 25%.
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Original Source : Market Research
Browse All Business Monitor International Market Research Reports
Turkey's short-term consumer spending outlook emphatically distinguishes it from the rest of emerging Europe, with trends far detached from a region that for the most part has been systemically negatively affected by the economic turbulence of the past 18 months.
Turkey is expected to be one of Europe’s strongest performing economies over the next decade. Able to call on a dynamic long-term economic outlook (by 2019 its per capita GDP is expected to resemble that of Portugal’s, according to our Europe team), a business friendly regulatory environment and a growing population already in excess of 70mn, Turkey is likely to emerge as one of the world’s highest potential consumer markets over the next decade.
Headline Industry Data
- 2010 per capita food consumption +6.13%=; forecast to 2014 =+39.76%
- 2010 beer volume sales = +4.36%; forecast to 2014 = +22.06%
- 2010 mass grocery retail sales = +18.06%; forecast to 2014 = +68.41%
Discount Retail Outperforming - Discount retail sales continue to perform strongly with the leading players laying down significant expansion plans. In May 2010, the rapidly growing Turkish discount retailer Diasa put forward plans to launch 300 new stores by year-end 2010. One of the much vaunted ‘E7’ emerging markets (along with Brazil, China, India, Indonesia, Mexico and Russia), we believe a strong case can be made for Turkey’s mass grocery retail industry to be considered emerging Europe’s most promising.
In April 2010, Turkey’s leading discount retailer BIM Birlesik Magazalar AS announced its aim to grow annual sales by 25% in FY10 (12 months to December 31 2010), with growth largely being driven by aggressive organic store expansion. Sometimes called the ‘Turkish Aldi’ due to the similarity of its business model to that of the German discounter, BIM reported above consensus FY09 headline year-onyear (y-o-y) earnings growth of 86% to TRY213mn (US$101.94mn) with annual sales increasing by 25%.
About Us
ReportsandReports comprises an online library of 10,000 reports, in-depth market research studies of over 5000 micro markets, and 25 industry specific websites. Our client list boasts almost all well-known publishers of such reports across the globe. We as a third-party reseller of market research reports employ a number of marketing tools, such as press releases, email-marketing and effective search-engine optimization techniques to drive revenues for our clients. We also provide 24/7 online and offline support service to our customers.
Contact:
Ms. Sunita
7557 Rambler road,
Suite 727, Dallas, TX 75231
Tel: +1-888-989-8004
http://reportsandreports.blogspot.com/
http://reportsandreports.proarticles.co.uk/
http://reportsnreports.wordpress.com/
Original Source : Market Research
