Food and drink sales in Poland are forecast to withstand a slowdown in the country’s economy and jump by almost 17% by 2013, research shows.
Go deeper with GlobalData
The value of food and beverage sales is set to reach US$3.9bn in 2013, up 16.8% on 2008 figures, according to a new report from industry analysts Business Monitor International.
The global downturn is set to moderate economic growth in Poland, with BMI forecasting a 3.5% rise this year – and an increase of 2.8% in 2010.
Foreign direct investment remains “considerably lower” on a per capita basis in Poland than in the Czech Republic and Hungary, BMI said, although consolidation in the country’s food and drinks sector is continuing.
“Although current levels of food consumption are not as high as in some neighbouring markets, this
indicator is forecast to experience strong growth,” BMI said. “Additionally, the investor-friendly business environment and large size of the population at over 38mn mean that this will remain an attractive environment for food and drink producers.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe country’s mass grocery retail industry, meanwhile., is forecast to grow by 40% by 2013m, compared to 2008 levels, as growth in Poland’s local and regional markets benefits retailers – particularly discounters, the report argues.
“Though we believe that Poland will dip into recession this year, we nonetheless believe that the economy will still outperform most of the emerging European economies,” BMI said.
“Indeed, given that household and banking sector leverage has been relatively modest compared to the likes of Bulgaria, Ukraine and the Baltics, combined with broad political stability and a credible central bank, Poland is only likely to endure a mild recession, coupled with a fairly sprightly recovery.”
