Airport Retail Trends in Asia-Pacific, 2012–2013

The average expenditure on food and beverages per visit to airport outlets is US$12.5.

London, September 4, 2012 – According to a new Canadean survey, a total of 56% and 75% of respondents shopped at duty-free and duty paid shops respectively, 3 times or less in the last six months (reference graph below). 

A noticeable growth in passenger traffic and increased shopping while travelling is emerging as a realistic platform for retailers and airport operators in generating additional revenue. 56% and 58% of male and female respondents respectively, identified that their average shopping frequency at duty-free shops was ‘3 times or less’ within the last six months. 41% and 53% of respondents stated that they had spent at least 15 minutes per visit at duty-free and duty paid airport retail stores respectively.

Of all respondents, 47% confirmed that they spent between ‘16–30 min’ per visit eating and drinking in airport lounges, followed by 20% of respondents who recognized that they had spend ‘31–45 min’ on food and beverage consumption at airport outlets. In addition, 44% of respondents contributed ‘less than 5%’ towards shopping at airport retail stores within the last six months, while 18% confirmed that between ‘5%–10%’ of their overall shopping volumes was accomplished at airport retail outlets.

Overall, 49% of respondents spend between ‘US$51–US$150’ per visit at duty-free airport retail shops; while 32% spend ‘less than US$25’ per visit. In total, for 47% of respondents aged ‘less than 30’ years, total expenditure on food and beverages in an airport lounge is between ‘US$5–US$10’ per visit in 2012. In addition, 48% of respondents in the age group ‘30–40’ years noted that they spent between ‘US$11–US$20’ per visit.

Of all respondents, 46% and 38% respectively spent ‘less than US$10’ each on ‘stationery and cards’ and ‘printed media’ per visit. Moreover, 48% of respondents spend US$10–US$25 on ‘food and non-alcoholic beverages’, while 55% of respondents spent ‘more than US$100’ on ‘jewelry, watches and accessories’ per visit.

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The Swedish Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

London, August 29th, 2012 – Swedish defense expenditure, valuing US$6.7 billion in 2012, registered a CAGR of 1.9% during the review period (2008 – 2012). During the forecast period it is expected to grow at a CAGR of 2.4% to reach US$7.6 billion in 2017. On a cumulative basis, Sweden is expected to invest US$36.5 billion in its armed forces during the forecast period (2013-2017), a figure primarily stimulated by factors such as international peacekeeping missions, government modernization initiatives, and new security threats posed by Russia (see graph below).  

Despite the marginal increase expected for the country’s total defense budget during the forecast period, the actual defense budget is expected to increase from US$6.73 billion in 2012 to US$7.62 billion in 2017. However, the budget is not large enough to fulfil all defense requirements, which has led to the cancellation of some projects. For example, the country’s SEP (Spitterskyddad Enhets Platform) land vehicle design project, which was jointly undertaken with BAE Systems, was cancelled due to budget constraints. Low budget and the potential cancellation of projects means foreign investors are wary to enter the market.

Offsets are mandatory in Sweden for all defense procurements exceeding US$13.9 million. However, the nation has no provision for multipliers, which discourages foreign suppliers while doing business with Sweden. Countries generally use offset multipliers as a tool to attract investments into industry sectors they consider to be critical or underfunded. Foreign suppliers have shown reluctance while transferring crucial defense technology to Sweden because it is not incentivized by way of offset multipliers. As such, the presence of foreign defense firms in European countries which offer multipliers is higher than in Sweden. The absence of multipliers limits the share of foreign defense firms within the Swedish military industry to an estimated 10%.

Sweden possesses a well-developed domestic defense capability, and is able to produce advanced defense systems such as fighter aircrafts, submarines and naval vessels from domestic defense companies. However, defense products manufactured in the country are highly sophisticated, which increases training requirements, and are also expensive. As a result, the country procures military equipment from foreign defense firms through competitive bidding in order to reduce costs. As such, imports account for the remaining 10% of demand for defense equipment. During the forecast period Swedish defense imports are not anticipated to increase significantly, as a result of the country’s attempts to reduce total defense expenditure.

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The Future of Foodservice in United Arab Emirates to 2016

Increase in health concerns encourage a new demand for healthy convenience food
 

London, August 20th, 2012 – In 2011, the profit sector accounted for 91.8% of total sales, which represented a value of AED17,672.4 million (US$4,812.2million) and a CAGR of 6.23% in local currency. The cost sector, which accounted for the remaining 8.2% of the total Emirati foodservice industry sales in 2011, grew at a CAGR of 6.36% in local currency from AED1,156.8 million (US$315.0million) in 2006 to AED1,574.4million (US$428.7million) in 2011 (reference graph below).  

The restaurant channel remained the largest in terms of foodservice sales, contributed for 56.2% of profit sector sales.  The growth in restaurant sales was primarily a reflection of the increase in sales by coffee and teas shops, and quick-service restaurant (QSR) and fast food shops. The largest channel in the cost sector was education foodservices, which contributed 58.8% to the total cost sector sales and recorded a CAGR of 6.55%.

A strong economic growth is one of the major growth drivers for the foodservice industry in the UAE. The Emirati economy is dynamic and growing, and is considered to be one of the fastest growing economies in the Middle East and Africa. A reduction in the unemployment rate led to higher footfall and increased consumer spending.

The fluctuating inflation rate had a negative impact on the foodservice industry, which rose from 6.2% in 2006 to 12.3% in 2008, but fell to 0.9% in 2010, and is forecast to reach 2.5% in 2012. Fluctuations in inflation influence the purchasing decisions of consumers.

Tourism growth in the UAE has been one of the major factors behind its economic development over the review period. The UAE is one of the most easy to visit Middle East countries due to easily obtained visas. With the growth of the tourism industry and thereby the hotel and leisure industries, the foodservice sector is therefore expected to benefit as well.

Over the review period, demographic and social changes have shaped the growth of the foodservice industry in the UAE. A growth in ethnic diversity within the Emirati society has influenced food consumption patterns and demand.

There has been a growth in the proportion of females in the total working population of the country over the review period. Such demographic developments tend to promote the growth of western restaurants, especially fast-food restaurants, cafes, and other quick-service outlets.

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The Global Naval Vessels MRO Market 2012–2022

London, August 17th, 2012 – The Naval Vessels MRO market consists of four categories: Destroyers MRO, Frigates MRO, Submarines MRO and Aircraft Carriers MRO. The value of the market is expected to increase at a CAGR of 9.68% during the forecast period (2012-2022).

Recent years have witnessed various countries upgrading their fleet of naval warships including frigates, cruisers, destroyers and amphibious ships with ballistic missile defense capabilities. With various countries currently involved in border disputes and other geo-political conflicts, governments are now upgrading their naval vessels with anti-ballistic missiles to combat existing threats. Specifically, a ballistic missile threat currently exists in Europe, Asia and the Middle East and the governments of these countries are spending robustly to equip their warships with integrated air defense combat systems.

Navies around the world are increasingly outsourcing the maintenance and logistics support contracts, both to maintenance specialists and original equipment manufacturers (OEMs). This is primarily to increase their ability to respond to crisis situations and adapt to the dynamic nature of technology changes in the industry. The various blue water navies such as the Royal Navy, US Navy, Royal Australian, Hellenic and Royal Norwegian navies, as well as others in South America, have decided to adopt a strategy to focus their budgets on their field of expertise which includes managing fleet deployment and ensuring ships have a technological edge.

The naval vessels MRO sector is currently witnessing a phase of moderate M&A activity in keeping with the trend of sector consolidation when military demand falls. As defense spending has leveled off in recent years, companies operating in all areas of defense are looking to diversify their offerings in order to compete for the various contracts on offer, and add more revenue streams to their existing lines of business. Additionally, growing financial pressure, an overabundance of MRO companies and pressure from original equipment manufacturers (OEMs), is also expected to force a consolidation of the industry and a change in the MRO business model.

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The Columbian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

Colombia is expected to spend US$97.5 billion on defense during 2013–2017 to counter both internal and external threats

London, August 16th, 2012 – The total defense expenditure of Colombia, which was estimated at US$10.5 billion in 2008, increased at a CAGR of 8.81% during the review period (2008-2012) to reach US$14.7 billion by 2012. The Colombian police force received an average of 24% of the total defense budget during the review period. Strategic Defence Intelligence estimates that Colombia’s defense expenditure as a percentage of its gross domestic product (GDP) will rise from 3.9% in 2012 to 4.8% in 2017. This translates to a budget increase from US$14.7 billion in 2012 to US$23.4 billion in 2017 (reference graph below).  

The Colombian Ministry of Defense acknowledged that cocaine smugglers and leftist rebels had infiltrated the senior levels of the Colombian army, impeding efforts to defeat guerrilla organizations and combat the drug trade. Indeed, the army discovered classified military information in computer files of guerrillas from the FARC rebel group, which led the Ministry of Defense to believe that senior military officials may be sharing information in exchange for bribes. In another incident, Diego Montoya, who is the perceived head of the Norte del Valle cartel and has been accused of exporting hundreds of tons of cocaine to the US, is believed to have recruited army officers to provide him with protection and help his brother, Eugenio Montoya, to escape from a high-security prison.

The total Colombian defense budget was US$11 billion in 2009, of which only US$1.5 billion was allocated for capital expenditure purposes. Currently, domestic defense firms meet the majority of defense requirements in the low technology area, while foreign procurement is undertaken when the adequate sophistication and technology is not available in the domestic market. Many foreign OEMs consider such a low level of defense expenditure as an unfavorable condition in which to enter the Colombian defense industry. Furthermore, the Colombian government does not currently allow foreign investment in its defense industry, which further prevents foreign OEMs from entering the industry.

The volume of Colombian defense imports growth has seen fluctuation over the last five years, except for 2008, when imports declined due to the global economic crisis. Historically, the US and Israel have been the major arms supplying countries to Colombia, which is expected to continue over the forecast period (2013-2017) due to the strong diplomatic relations between these nations. The majority of imports are aircraft, a trend that is expected to continue over the forecast period. Defense-related exports from Colombia are minimal, as the country does not have the sufficient technology or the manufacturing capability required to operate a significant defense export market. The country’s domestic defense industry largely caters to low-technology defense products, such as grenades, machine guns, rifles, aircraft parts, and MRO activities.

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Hong Kong Foodservice: The Future of Foodservice in Hong Kong to 2016

London, August 10th, 2012 – In 2011, the profit sector accounted for 97.6% of total foodservice sales in Hong Kong and recorded a CAGR of 7.03% over the review period (2006 - 2011).  The cost sector accounted for 2.4% of the total foodservice sales in the Hong Kong foodservice market and recorded a CAGR of 0.90% over the review period (see graph below).  Restaurants contributed to 78% of the total profit sector sales and recorded a CAGR of 7.60% over the review period. In the profit sector, pubs, clubs and bars recorded the highest CAGR, of 7.86%, followed by restaurants with a CAGR of 7.60%, retail with a CAGR of 6.44%, and leisure with a CAGR of 5.03%. Education, Hong Kong’s largest channel in cost sector contributed 75% of the total cost sector sales and grew at a CAGR of 0.52% over the review period.

The growth in tourism is expected to have positive effect on the growth of foodservice industry in Hong Kong. The prevalent trend of eating out found amongst the young generation, increasing demand of health food by the older population, and the increasing demand for fast-food by single family households, is expected to drive the demand for different varieties of foodservice.

Small households, the increasing number of women joining the workforce, and a busy lifestyle has led to an increased demand for fast-food and frozen meat. An increase in the ageing population has led to increased demand for functional food.

Increasing health awareness has encouraged the people of Hong Kong to turn towards natural and organic products. Most foodservice operators have also begun to offer organic food options in their menus to cater 

to the increased demand for such items.Rooftop restaurants are the latest trend in the Hong Kong foodservice market. Although prices in these restaurants and bars are considerably high, the ambience and the spectacular outside views are enough to retain consumers.

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The Future of Global Retailing to 2016

London, August 1st, 2012 - Global retail sales were dominated by food and grocery sales in 2011, accounting for over half of total sales that year. However, while this category was the largest, its sales are relatively stable year-on-year. Outside this dominant area, electrical and electronics had the fastest developing sales between 2006 and 2011, growing at an annual average rate of over 7%. In terms of market structure, general retailers were the largest channel group, contributing just under half towards total global retail sales in 2011.

In the review period (2006-2011), global retail sales grew at a CAGR of 7%. Canadean expects retail sales in the region to grow by over 8% annually during the forecast period (2012-2016). General retailers were the largest channel group, contributing 47.1% towards global retail sales in 2011, or US$6,756.8 billion in value terms. During the review period, online retailers were the fastest-growing channel group, with a CAGR of 14.27% and are expected to remain the fastest-growing category group during the forecast period (2012-2016), at a CAGR of 15.06%.

Asia-Pacific continues to dominate global retail sales. The contribution from the region is expected to increase from just over 30% in 2006 to just under half by 2016. Asia-Pacific is expected to continue to grow by over 10% every year through 2016.

Both Europe and North America are expected to see a decline in their share towards global retail sales. While Latin American share is expected to increase marginally by 2016, that of Middle East and Africa will remain unchanged. North America dominates the per-capita retail spend among all five regions, followed by Europe and Latin America.

This report provides detailed data on the size and development of retail sales of individual product types through specific retail channels and formats in the Global Market. It provides a detailed and comprehensive quantitative analysis of the trends affecting market development through both historic and forecast data, which allows marketers to understand the future pattern of market trends, from winners and losers to category and channel dynamics, and thereby quickly and easily identify the key areas in which they want to compete in the future.

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Swiss Foodservice: The Future of Foodservice in Switzerland to 2016

London, July 31st, 2012 – In 2011, the profit sector accounted for a 94.1% share of total foodservice sales. Cost sector sales represented 5.9% of total foodservice sales and registered a CAGR of 0.77% over the review period (see graph below). The restaurant channel remained the largest in terms of foodservice sales, contributing 68.2% of profit sector sales. The growth in restaurant sales was primarily a reflection of the increase in sales at full service restaurants and quick service restaurants. The largest channel in the cost sector was military and civil defense foodservices, which contributed 49.8% to total cost sector sales and recorded a CAGR of 0.43%.

One of the major factors of growth for the foodservice industry in the country has been a growth in its GDP and the trend is expected to support the industry going forward. The annual disposable income increased from US$253.1 billion in 2006, to US$327.5 billion in 2011, at a CAGR of 5.29% and it is expected to increase at a CAGR of 0.86% to reach US$341.8 in 2016. The unemployment rate stood at 3.45% in 2011 compared to 3.39% in 2006, but is expected to reduce to 2.67% by 2016.Driven by these macro-economic factors, most foodservice channels witnessed sales growth in 2011.

Smaller households have a higher disposable income available for discretionary purchases, as they have fewer members’ needs to be met. This increases the ratio of working members of a household to total family members, which is higher than larger families, and consequently the smaller households spend less time and effort on cooking.

Over the review period, the total contribution of travel and tourism to Switzerland’s GDP increased from CHF38.7 billion in 2006, to CHF46.8 billion in 2011. The travel and tourism sector’s total contribution to GDP was 7.8% in 2011, making it an important part of the Swiss economy. The foodservice sector is expected to benefit from this, especially in the accommodation and leisure channels.

Demographic and social changes are shaping the dynamics of the industry. Changing demographics, such as an aging population, the rising proportion of the foreign population, and ethnic diversity, have often reinforced its impact on the foodservice industry.Due to increasing health awareness amongst consumers and a growing preference for healthy food over fast food, many foodservice operators are now offering healthy variants of dishes and nutritional information.

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The Spanish Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2017

Homeland security market to grow at a CAGR of 3.4% to 2017

London, July 30th, 2012 – In 2012, the Spanish defense budget is estimated to value US$9.48 billion having recorded a negative CAGR of -6.7% during the review period (2008-2012) due to the budget cuts associated with the effects of the global economic crisis. In total, Spain is expected to spend US$56.68 billion on strengthening its armed forces, of which US$8.43 billion will be allocated for capital expenditure, while US$48.25 billion will be reserved for revenue expenditure. Furthermore, the Spanish defense budget is expected to register a CAGR of 3.2% during the forecast period (2013-2017), to value US$12.08 billion in 2017 (reference graph below).

In 2012, the Spanish defense budget decreased by 4.9% from that of 2011 to US$9.48 billion. While Spanish defense expenditure recorded negative growth of -6.7% during the review period, it is expected to record a CAGR of 3.2% during the forecast period. Furthermore, the share of capital expenditure in the total defense budget is also expected to decrease from an average of 18.7% during the review period to 14.9% during the forecast period. As this is expected to reduce market opportunities, investments are expected to fall, which will hinder the growth of the Spanish defense industry.

The growth of the Spanish defense industry is additionally hindered by the project delays associated with the global financial crisis, which lead to project cancellations and rising costs. In particular, the implementation of a European defense industry has caused several project delays, as often member countries are unable to agree unanimously over issues such as specifications.

During 2007–2011, arms imports decreased at a CAGR of -7.6% which reflected the reduction in the Spanish defense budget. However, during the forecast period, the nation is expected to acquire armored vehicles and missile defense systems, as its domestic defense sector is underdeveloped in both of these categories.

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The Future of Foodservice in Indonesia to 2016

In 2011, the profit sector accounted for an 87.3% share of total foodservice sales. Sales in the profit sector increased at a CAGR of 9.04%  from 2006 - 2011.

                 

In 2011, cost sector sales represented 12.7% of total foodservice sales and registered a CAGR of 4.99% over the review period (2006 - 2011).  The restaurant channel remained the largest in terms of foodservice sales, contributing 61% of profit sector sales. The growth in restaurant sales was primarily a reflection of the increase in sales at quick service restaurants and full service restaurants.  The largest channel in the cost sector was education foodservices, which contributed 46.9% to total cost sector sales and recorded a CAGR of 4.73%.  

Growth in tourism is expected to have positive effect on the growth of foodservice industry in Indonesia.  The young Indonesian is educated, aware of the developments in the foodservice industry around the world, and is demanding quality food products, variety in food items, new cuisines and hygienic ambience from foodservice providers in the country.

The number of Indonesian women joining the workforce is increasing. The total number of working females increased from 41 million in 2006, to 46 million in 2011. This development, as well as busier work schedules, has increased the demand for convenience foods, such as instant noodles, frozen processed foods, packaged food, and ready-to-eat meals.

Due to an increase in the level of awareness about international food, many restaurants offering only international cuisines have opened up in major cities across Indonesia. These restaurants cater to the demand for variety in food among Indonesian population.

Various luxurious resorts and hotels are opening in Indonesia, who promise to provide a calm and peaceful atmosphere to their visitors. In order to achieve this motive, they have resorted to various eco friendly and sustainable formats.

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The Austrian Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

London, June 13th, 2012 – Austrian defense expenditure, estimated to be US$2.73 billion in 2012, declined at a CAGR of -1.04% during the review period. On a cumulative basis, the country is expected to spend an estimated US$12.46 billion on its armed forces during the forecast period. The country’s overall defense spending, however, is anticipated to register a CAGR of -2.25% during the forecast period and to value US$2.49 billion by 2016. The Austrian defense budget is likely to reduce due to the budget cuts associated with the ongoing financial crisis faced by the country (see graph below).

The Austrian economy has just begun to recover from the 2008 recession with a growth rate of 6.3% in 2011. The pace of recovery is, however, expected to be slow. To counter the mounting deficit and increasing public debt, the government is cutting back spending, including defense. This is expected to adversely affect military procurement expenditure over the next five years, and the domestic industry, which is mostly dependent on government procurement, will be severely affected.

The recession, combined with decreasing threat levels from external sources, has made the Austrian government refocus its defense procurement strategy. In December 2010, it announced a massive sell-off plan of its heavy equipment armory, and according to the country’s Defense Ministry, this is a direct consequence of the peace efforts propagated by the European Union (EU) region bordering Austria.

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Russian Foodservice: The Future of Foodservice in Russia to 2016

London, July 12^th, 2012 – In 2011, the profit sector accounted for a 93.6% share of total foodservice sales and sales increased at a CAGR of 4.96% over the review period. In 2011, cost sector sales represented 6.4% of total foodservice sales and registered a CAGR of 3.48% during the review period (reference graph below).  The restaurant channel remained the largest in terms of foodservice sales, contributing 39.9% of profit sector sales. Growth in restaurant sales was primarily a reflection on the increase in sales at quick service restaurants, and coffee and tea shops. The largest channel in the cost sector was healthcare foodservices, which contributed 50.2% to total cost sector sales and recorded a CAGR of 3.32%.  

A decade of stable political environment and steady economic growth has created a new middle class in Russia which is eager to spend. Although wages have stagnated, the government’s efforts in preventing major job losses have maintained disposable incomes, which in turn have strengthened the sales of foodservices.

Russia’s services industry’s contribution was a significant 67.8% of GDP in 2009. Growth in the IT and engineering services has been particularly outstanding with software exports growing to US$2.8 billion in 2009. The entry into the WTO is expected to boost the growth of intellectual property driven services such as aerospace, software, and information and communication technologies. This industry growth has led to an increase in the number of single young professionals who prefer to eat out in quick service restaurants.

Urbanization in Russia has been stagnating since the last decade and has even shown signs of reversal, falling from 74% in 2000 to 73% in 2005. It is further expected to decline to 72.7% during the forecast period. This has led to an increased consumption of convenience foods and the expansion of fast-food chains across all the major cities.

Russian consumers have been quite slow to adopt information technology, but they are evolving rapidly to catch up with the rest of Europe. Personal computer penetration has increased from 12.2 PCs per 100 people in 2005 to 19 PCs per 100 people in 2010. The new wave of international restaurant chains has introduced websites with elaborate online menus such as McDonald’s, which has an online menu and items can be ordered through the website.

Russian consumers have been extremely reluctant to conduct online shopping due to factors such as low penetration, low awareness and unpleasant experiences. In the early days of the internet, people who experimented with e-commerce suffered due to fraudulent online companies, incorrect or damaged products being delivered or late delivery of goods.

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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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Global Packaging Industry Survey 2012: Trends and Opportunities in Packaging, Budget Allocation, Procurement and NPD

Most important trends for innovative packaging

In 2012, suppliers will assign more importance to “more customized packaging,” “tracking and trading requirements” and “new labelling and coding technology,” while buyers consider “consumer convenience” and “new packaging materials” to be more imperative. The “cost of material” is considered the most important factor driving the development of innovative packaging solutions.

A C-level executive from a packaged goods manufacturer category states: “My company is focused on adopting sustainability practices in the development of new products to help reduce our overall production expenditure, including the cost of the materials procured.” Highlighting this trend, Unilever, a consumer goods company, devised a new policy for sourcing paper and board in 2010 and has made plans to procure 75% of paper and board either from certified sustainably managed forests or recycled materials by 2015.

According to packaged goods manufacturers, the most sustainable packaging materials are “paper and board,” “degradable plastics (such as oxo-biodegradable plastics)” and “glass,” while converters consider “paper and board,” “recyclable plastics” and “glass” to be the most environmentally friendly. Many organizations are actively seeking investment in paper and board packaging materials either through an increase in capacity or through acquisition. Highlighting the trend, A&R Carton, a Swedish carton manufacture, increased its stake by 34% in SP Containers, a food and retail packaging supplier in April 2011.

“Reduced manufacturing costs,” “minimize material use” and “environmental and regulatory compliance” remain the top three advantages

For manufacturers, the top three advantages of new packaging include “reduced manufacturing costs,” “minimize material use” and “environmental and regulatory compliance,” while converters consider “environmental and regulatory compliance,” “minimize material use” and “increased shelf life” of products to be important. In terms of new packaging solutions, the main objective of manufactures is to reduce costs. This can be achieved through reducing the weight of bottles and boxes, decreasing the thickness of packaging materials such as extra plastic on pouch packets and lessening the size of containers. For example, in February 2011, Kraft Foods reduced the size of its Cadbury Dairy Milk chocolate bars from 140 to 120 grams in the US and the UK and also announced plans to reduce the size of packaging for some of its products in November 2011.

Suppliers assign relatively more importance to “consumers” and the “government” as key drivers influencing their organizations’ sustainability efforts, than buyers who referenced “self-regulation: individual companies,” “clients” and “self-regulation: trade bodies” as their key drivers. Companies are becoming more consumer-centric and are actively investing in developing products according to market research. For example, in September 2011, Sainsbury’s changed the packaging of its peanut butter range from glass to plastic jars, an initiative that helped the company to cut packaging material volumes by 83% or 882,000 kilos.

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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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The Taiwanese Defense Industry Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016

London, July 4th, 2012 – Taiwanese defense expenditure, estimated to be US$10.72 billion in 2012, registered a CAGR of 0.65% during the review period (2007-2011) and is expected to grow at a CAGR of 7.01% during the forecast period (2012-2017), to reach an estimated US$14.05 billion in 2016.

As well as overall military spending, defense expenditure as a percentage of GDP is also forecast to increase, from 2.04% in 2012 to 2.16% in 2016. Overall, the country is expected to spend an estimated US$61.626 billion on its armed forces during the forecast period, of which approximately US$6.9 billion will be allocated for capital expenditure (see graph below for reference).

The growth of the Taiwanese defense industry is hampered by project delays associated with the global financial crisis, which have led to cost overruns and the cancellation of certain projects. Despite seeking to increase its defense budget to 3.0% of GDP, the country’s 2011 defense budget is estimated at just 2.0% of GDP, primarily due to the financial constraints faced by the country. As a result, certain acquisition programs have either been postponed or cancelled. All these factors discourage investors from entering the Taiwanese defense market.

According to existing regulations, domestically manufactured equipment can be sold in the international arms market, through either government-appointed or designated sales agents that participate in competitive bids or negotiate contracts through private arms dealers. However, a lack of sales agents makes it difficult for the country to cater to the global arms market. The country also established arms trading firm Taiwan Goal to promote domestic arms production, but it was dissolved when it was discovered that the country was involved in malpractice. A lack of exports restricts the growth of the domestic military industrial base.

Excessive corruption within the government’s procurement process hampers the entry of foreign investors into the country’s defense market. Some foreign investors have resorted to paying bribes in order to win a contract, which has discouraged foreign OEMs from entering the market. For example, in 1991 the French state-owned firm Elf Aquitaine was accused of paying bribes to Taiwanese government officials to win a contract for the sale of six Lafayette Class frigates.

About Industry Review:

Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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Online Retailers in Venezuela: Market Databook to 2015

Venezuela Online Retailers had sales of US$1,445.9 million in 2010, with a compounded annual growth rate of (CAGR) of 79.90% between 2005 and 2010. Food & Grocery category led the group, with a market share of 53.3% in 2010.

The Online Retailers channel group generates sales from eight categories: Electrical and Electronics, Food & Grocery, Music, Video & Entertainment Software, Apparel, Accessories & Luxury Goods, Books, News and Stationery, Home & Garden Products, Sports & Leisure Equipment, and Furniture & Floor Coverings. #

The largest category in Online channel group in Venezuela, Food & Grocery generated sales of US$771.2 million, is expected to grow at a CAGR of 68.86% between 2010 and 2015, reaching sales of US$ 10,587.6 million in 2015.

The second largest category, Electrical and Electronics generated sales of US$550.0 million in 2010, growing at a CAGR of 83.42% between 2005 and 2010. The category will grow at a CAGR of 71.01% from 2010 through 2015, reaching sales of US$ 8,044.9 million in 2015.

In 2015, the Online Retailers channel group will account for a market share of 8.7%, with sales of US$20,128.0 million. Furthermore, Food & Grocery category will lead the group in 2015, with a share of 52.6% of the Online Retail sales.

Market Dynamics
Food & Grocery and Electrical and Electronics categories accounted for a share of 53.3% and 38.0% of the market in 2010 respectively. During the review period, the performance of Online Retailers was strong with a CAGR of 79.90% and is forecast to achieve a CAGR of 69.33%. Also, the Food & Grocery is expected to be the fastest growing category within the group in 2015, with a CAGR of 68.86%

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Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

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Global Business Survey: M&A Trends and Key Markets for Growth in 2012–2013

London, June 29th, 2012 – The reasons for increased M&A activity highlighted by respondents from various industries are high operational costs, increasing competition, the need to increase geographical presence in key markets, the need to increase business competence, leverage economies of scale, increase market share, and put pressure on bottom-line performance. Of respondents across various industry verticals, 63% of respondents from global pharmaceutical industries project either a ‘significant increase’ or an ‘increase’ in M&A activities in 2012 (see graph below).Similar trends are observed in mining, oil and gas, and the airports industry.

Across all industries, respondents identify India, China, and Brazil as the most promising emerging markets, followed by the Middle East and Eastern Europe. Singapore, Taiwan, Hong Kong, the US and Australia are also seen as the most promising developed regions to offer significant growth opportunities in 2012.

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About Industry Review:

Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

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Global Packaging Survey 2012–2013: Market Trends, Marketing Spend and Sales Strategies in the Global Packaging Industry

London, June 27^th, 2012 – Across the global packaging industry, 59% of respondents identify ‘research and development’ as the core area to generate more demand for new technology. In addition, ‘printing’ and ‘in-process quality control’ are considered other important production areas (reference graph below).

Overall, executives expect ‘attractive packaging’, ‘inexpensive packaging’, and ‘moisture control packaging’ to be the top three technology oriented packaging types in the consumer product goods industry, as identified by 53%, 50%, and 39% of respondents respectively.

Both buyers and suppliers identify ‘high cost of raw materials’ and ‘complexity in recognizing the right technology’ as the leading barriers in the implementation of new technology.

The top three production areas in the global packaging industry which have implemented nano-technology successfully are ‘manufacturing’, ‘printing’, and ‘product design’, as identified by 27%, 20%, and 18% of respective respondents.

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About Industry Review:

Industry Review is a collection of incisive, regularly updated market reports across 40+ industry sectors and 100+ countries.

We provide access to the latest data on global and local markets, key industries, top companies, M&A activity, new product launches and trends so you can make faster and better informed business decisions.

The reports in our store draw on robust primary and secondary research, proprietary databases, industry surveys and insightful analysis from our own expert teams and from carefully selected third-party publishers.

With access to over 400 in-house analysts and journalists, and a global media presence in over 30 industries, Industry Review delivers in-depth knowledge of local markets worldwide.

For more information, please visit our website at www.industryreview.com

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