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March 27, 2014

Vitamin and Dietary Supplements Companies Should Look To Eastern Europe to Grow Sales

EURO_NT_Filippo.Battaini_LThumbWith Filippo Battaini, Research Analyst

The vitamins and dietary supplements market in Western Europe is stagnating due to market maturity and economic turmoil. Eastern Europe is an option to companies looking to expand sales given its proximity to Western Europe and higher-than-average sales in the vitamins and dietary supplements market. Russia is the largest market in Eastern Europe with the vitamins and dietary supplements category valued at 2 billion euros, making it an obvious choice for companies looking to enter the region.  

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More Consumers Buying Luxury Items for Less

image from http://aviary.blob.core.windows.net/k-mr6i2hifk4wxt1dp-14032714/8872e3b6-85ee-4990-8f48-6c44f5782ccf.pngWith Daphne Kasriel - Consumers Editor

The borders of luxury spending are being redrawn with middle class consumers joining high end consumers in living a luxurious lifestyle.  Affordable luxury is becoming commonplace as consumers buy luxury items at discount outlets or second hand stores. Consumers demand luxury in their travel as well, and more budget hotels are upgrading services and design esthetic to cater to these needs. There is a downside to this trend however.  According to a Korean Chamber of Commerce survey of adults aged 20 years or older who recently made luxury purchases, almost 30% of respondents were experiencing difficulties paying off their credit card debt.

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March 26, 2014

Interest in Running Leads to Footwear Market Growth in Russia

Marija.Milasevic_LThumbWith Marija Milasevic, Research Analyst

The sportswear market  in Russia increased by 12 percent in 2013 with growth driven mainly by footwear sales. The popularity of running as a hobby and as exercise is contributing to this growth, as companies such as Nike, Adidas and Mizuno sponsor marathons and other races in the country. Beyond organization and sponsorship, footwear companies are expected to take an active role in starting running clubs and training events, which will pair footwear brands and the act of running in many Russian consumers’ minds.

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Российский рынок спортивной одежды и обуви показывает двузначный рост

Marija.Milasevic_LThumb

Мария Милашевич, аналитик

Рынок спортивной одежды и обуви в России продолжает показывать двузначный рост. В 2013 году в стоимостном выражение рынок вырос на 12%. По словам аналитика Марии Милашевич, одна из основных причин –  растущий интерес к бегу и к марафонам, а также активная маркетинговая политика игроков рынка, которые активны в организации марафонов и продвижении бега в России.  

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March 25, 2014

Industry Impact of Revised Excise Tax on Alcoholic Drinks in Lithuania

Eurolithuania_Roberta.Kniuipyte_LThumbWith Roberta Kniuipyte, Senior Research Analyst

A revised excise tax for alcoholic drinks in Lithuania is set to begin on April 1, 2014, increasing taxes on wine by 14 percent, beer by 10 percent and spirits by 1 percent. This is good news for the spirits industry, as taxes on spirits will be raised the least, therefore making spirits more affordable to consumers. However, the flow of illicitly traded alcoholic drinks may increase in the country due to the new taxes, which are set to be revised and most likely increased again in 2015.

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Naujų akcizinių mokesčių įtaka alkoholinių gėrimų vartojimui Lietuvoje

Eurolithuania_Roberta.Kniuipyte_LThumb

Roberta KniuipytėVyresnioji rinkos analitikė

Nuo šių metų balandžio 1 d. Lietuvoje įsigalios alkoholinių gėrimų akcizų pakeitimai. Didindama akcizinius mokesčius, Vyriausybė siekia išlyginti apmokestinimo skirtumus tarp skirtingų alkoholinių gėrimų kategorijų. Vyresniosios rinkos analitikės Robertos Kniuipytės teigimu, naujieji akcizai paskatins pirkėjus persiorientuoti nuo silpnųjų alkoholinių gėrimų prie stipriųjų ir turės įtakos dar didesniam nelegalios alkoholio rinkos augimui šalyje.

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Commodities Roundup: February and March 2014

Hilary Walsh with Hilary Walsh - Economy, Finance and Trade Manager

View Hilary Walsh's profile on LinkedIn

 

The situation in Ukraine is wreaking havoc on worldwide commodities markets, especially in energy and food. Ukraine is known for its high output of wheat, and prices may soar if there is continued unrest in the area. Oil prices, which are already increasing due to rising demand and slowing growth in shale oil reserves in the US, could escalate extremely if Russia withholds oil or gas from the country. 

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March 24, 2014

Examining Growth of Major Economies in the Eurozone

Sarah-B-Banner 

Although the eurozone contracted by 0.4 percent in 2013, the largest economies in the region showed positive growth that will continue into 2014. Germany will achieve a small economic boost in 2014 dependent on exports, meaning any external shocks could weaken the economy. France will also see positive but weak growth alongside high unemployment rates and structural reforms are imperative to revitalise the economy. Italy will finally see small positive growth after two years of economic decline, with public debt being a major concern. Although these economies are expected to grow, the economy across the region will have to considerably strengthen for unemployment to recede.

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March 18, 2014

I prodotti naturali ed organici sostengono il mercato del giardinaggio in Italia

EURO_NT_Cruz.DelBarrio_LThumb

Con Cruz del Barrio, Responsabile per la ricerca nel settore Home and Garden

Il mercato del giardinaggio in Italia ha registrato una caduta del 4% nel 2013, a causa della congiuntura economica negativa e delle avverse condizioni ambientali nella primavera del 2013. Tuttavia, i prodotti naturali ed organici usati per il giardinaggio hanno tratto beneficio dalla crescente attenzione degli italiani per l’ambiente e per la salute. Alcune aziende del settore hanno lanciato nuovi prodotti che rispondono a queste tendenze, come spiega Cruz Del Barrio, responsabile per la ricerca nel settore “Home and Garden” in questo podcast.

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Catering to Italy’s Green Consumer in the Home and Garden Industry

EURO_NT_Cruz.DelBarrio_LThumbWith Cruz del Barrio, Head of Home and Garden Research

The home and garden market in Italy fell by 4 percent in 2013 amidst a poor economy and an unexpected rainy season. Home and garden companies however, can leverage Italians organic and natural product preference to grow sales as consumers demonstrate increased interest in non-chemical products, recycling and environmental sustainability. Over the next five years, Euromonitor expects a myriad of products launching in the home and garden sector catering to green consumers, from energy-efficient power tools to natural pest control.

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