Browse the complete Report on : Serbia Food and Drink Report Q4 2010
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While the Serbian economy has emerged from recession, we expect 2010 to remain challenging to the consumer, not least because of the weak dinar and high unemployment rates. Consequently, we continue to regard Serbia as one of the least attractive food and drink markets in emerging Europe in the current year, although we conceded that its potential is more likely to be realised over the longer term. Political uncertainty will also serve to discourage foreign direct investment (FDI) – albeit only to a certain degree – as European companies in particular remain committed to expansion in less developed markets, despite the risks.
Headline Industry Data

• 2010 per capita food consumption: +1.28%; forecast to 2014: +15.08%
• 2010 alcoholic drinks sales: +3.25%; forecast to 2014: +16.15%
• 2010 soft drinks sales: +4.13; forecast to 2014: +21.03%
• 2010 mass grocery retail sales: +1.77%; forecast to 2014: +27.68%

Key Company Trends
Consolidation Across the Board – While the past few months have not witnessed any formal agreements in this direction, Croatian food conglomerate Agrokor and Belgian mass grocery retail (MGR) operator Delhaize appear to be eying the respective Serbian markets. Privatisation initiatives undertaken by the Serbian authorities, in addition to the challenging economic environment and high unemployment rates, will continue to provide key drivers towards industry consolidation across both food and beverages, and MGR industries. While the benefits of involvement in the Serbian market may not be immediate, the need for expansion in order to continue growing profits and staving off competition will continue to stimulate foreign interest in the country.
Key Risks to Outlook
Drag of the Regional Economies – While the worst seems to be over, risks to Serbia's recovery remain very much in place. For one thing, the regional economy remains weak, with many of Serbia's peers and trading partners struggling to emerge from recession.
Furthermore, the Serbian dinar has depreciated markedly since late-2008, which has negatively affected households that took out foreign currency loans as well as the affordability of imported foods and beverages
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.
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Browse the complete Report on : Serbia Autos Report Q4 2010

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In common with much of the world, Serbia was hit hard by the global financial crisis that began in 2008. As the European recovery gathers pace, the Serbian economy is likely to recover at a similar pace, especially given the influx of foreign investment into the nation's emerging auto industry. With deepening economic ties with the EU and the beginning of the path to EU membership, Serbia is expected to benefit from greatly expanded trade and investment. As a low-cost economy with improving access to the world's largest market, Serbia is well placed to exploit its position. This is especially true with regards the auto industry.
The Serbian state has focused on the development of a large auto industry as a core aspect of its industrial policy. By building on the foundations established by Serbia's formerly sizeable manufacturing sector and through increased investment into infrastructure, the Serbian government hopes to attract investment as other Central and Eastern European (CEE) countries become more costly locations for production. This policy has begun to reap dividends in 2010, with the announcement of large investments by foreign auto firms.
Car part firms have been viewing Serbia as a promising location for production – with South Korean and Italian firms leading the trend. For example, the South Korean firm Yusa is creating 1,400 jobs at an electrical components factory in Raca, while Italian firm Daytec is creating 400 jobs at a parts plant geared towards production for the growing Fiat plant at Kragujevac. But it is recent investment from Fiat, which is most promising. This joint venture between Fiat and the state-owned firm Zastava has already received hundreds of millions of euros in investment. Production has the potential to reach 300,000 units in 2011. Additionally, it was announced in late July that Fiat would produce two minivan models in Serbia instead of at plants in Northern Italy. This controversial move would see another 190,000 units being produced by 2012 in a EUR1bn investment.
Despite the overwhelmingly export-orientated focus of the Serbian auto industry, the market for car purchases is growing in Serbia as the economy recovers from the negative 2.9% growth of 2009. The economy is predicted to grow 2.7% in 2010, growth is expected to accelerate to 4.2% in 2011. This economic growth will fuel booming car sales, which BMI expects to grow 29% in the period 2010-2014. This substantial growth provides credible opportunities for investment in auto sales in Serbia, in both the new and used sectors.
BMI expects Serbia to become an important centre of the CEE auto industry, though this process will not be simple. As current production issues at the Fiat-Zastava plant show, the industry has not quite begun to operate easily, with retooling difficulties and infrastructural problems inhibiting investment. A major boon to the industry will be the program of major motorway investment by the Serbian government, which has been taking place in recent years and will continue for some years to come. Despite these issues, the strong commitment of the Serbian government to developing the auto industry will make Serbia an increasingly attractive target for investment.

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/

Browse the complete Report on: Serbia Food and Drink Report Q4 2010

Browse All Business Monitor International Market Research Reports

While the Serbian economy has emerged from recession, we expect 2010 to remain challenging to the consumer, not least because of the weak dinar and high unemployment rates. Consequently, we continue to regard Serbia as one of the least attractive food and drink markets in emerging Europe in the current year, although we conceded that its potential is more likely to be realised over the longer term. Political uncertainty will also serve to discourage foreign direct investment (FDI) – albeit only to a certain degree – as European companies in particular remain committed to expansion in less developed markets, despite the risks.
Headline Industry Data

• 2010 per capita food consumption: +1.28%; forecast to 2014: +15.08%
• 2010 alcoholic drinks sales: +3.25%; forecast to 2014: +16.15%
• 2010 soft drinks sales: +4.13; forecast to 2014: +21.03%
• 2010 mass grocery retail sales: +1.77%; forecast to 2014: +27.68%

Key Company Trends

Consolidation Across the Board – While the past few months have not witnessed any formal agreements in this direction, Croatian food conglomerate Agrokor and Belgian mass grocery retail (MGR) operator Delhaize appear to be eying the respective Serbian markets. Privatisation initiatives undertaken by the Serbian authorities, in addition to the challenging economic environment and high unemployment rates, will continue to provide key drivers towards industry consolidation across both food and beverages, and MGR industries. While the benefits of involvement in the Serbian market may not be immediate, the need for expansion in order to continue growing profits and staving off competition will continue to stimulate foreign interest in the country.


Key Risks to Outlook

Drag of the Regional Economies – While the worst seems to be over, risks to Serbia's recovery remain very much in place. For one thing, the regional economy remains weak, with many of Serbia's peers and trading partners struggling to emerge from recession.
Furthermore, the Serbian dinar has depreciated markedly since late-2008, which has negatively affected households that took out foreign currency loans as well as the affordability of imported foods and beverages


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/

Browse the complete Report on: Serbia Autos Report Q4 2010

Browse All Business Monitor International Market Research Reports

In common with much of the world, Serbia was hit hard by the global financial crisis that began in 2008. As the European recovery gathers pace, the Serbian economy is likely to recover at a similar pace, especially given the influx of foreign investment into the nation's emerging auto industry. With deepening economic ties with the EU and the beginning of the path to EU membership, Serbia is expected to benefit from greatly expanded trade and investment. As a low-cost economy with improving access to the world's largest market, Serbia is well placed to exploit its position. This is especially true with regards the auto industry.
The Serbian state has focused on the development of a large auto industry as a core aspect of its industrial policy. By building on the foundations established by Serbia's formerly sizeable manufacturing sector and through increased investment into infrastructure, the Serbian government hopes to attract investment as other Central and Eastern European (CEE) countries become more costly locations for production. This policy has begun to reap dividends in 2010, with the announcement of large investments by foreign auto firms.
Car part firms have been viewing Serbia as a promising location for production – with South Korean and Italian firms leading the trend. For example, the South Korean firm Yusa is creating 1,400 jobs at an electrical components factory in Raca, while Italian firm Daytec is creating 400 jobs at a parts plant geared towards production for the growing Fiat plant at Kragujevac. But it is recent investment from Fiat, which is most promising. This joint venture between Fiat and the state-owned firm Zastava has already received hundreds of millions of euros in investment. Production has the potential to reach 300,000 units in 2011. Additionally, it was announced in late July that Fiat would produce two minivan models in Serbia instead of at plants in Northern Italy. This controversial move would see another 190,000 units being produced by 2012 in a EUR1bn investment.
Despite the overwhelmingly export-orientated focus of the Serbian auto industry, the market for car purchases is growing in Serbia as the economy recovers from the negative 2.9% growth of 2009. The economy is predicted to grow 2.7% in 2010, growth is expected to accelerate to 4.2% in 2011. This economic growth will fuel booming car sales, which BMI expects to grow 29% in the period 2010-2014. This substantial growth provides credible opportunities for investment in auto sales in Serbia, in both the new and used sectors.
BMI expects Serbia to become an important centre of the CEE auto industry, though this process will not be simple. As current production issues at the Fiat-Zastava plant show, the industry has not quite begun to operate easily, with retooling difficulties and infrastructural problems inhibiting investment. A major boon to the industry will be the program of major motorway investment by the Serbian government, which has been taking place in recent years and will continue for some years to come. Despite these issues, the strong commitment of the Serbian government to developing the auto industry will make Serbia an increasingly attractive target for investment.


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/