Beer has high penetration in Venezuela. In 2016, shortages continued to be seen for many products from the basic shopping basket including milk, flour, rice, toilet paper and sanitary protection, among others. The delays generated in the settlement ...

Cider/perry declined in total volume terms in 2016, with most of the sales being concentrated in the last quarter of the year as the highest demand occurred in the Christmas season. The consumption of cider fell due to a decrease in purchasing power,...

In 2016, the average unit price of alcoholic drinks saw a sharp increase, which was due to two main factors – the high inflation rate and the devaluation of the local currency. In 2015, the country introduced the Marginal Currency System (SIMADI) for...

Wine-based RTDs remains by far the largest product category, with 65% of total volume sales of RTDs/high-strength premixes in 2016. The fact that products within wine-based RTDs are affordable in terms of price represents a competitive advantage in ...

Lower foreign exchange allocation in 2016 saw a drop in the availability of imported spirits and in turn domestic offerings continued to gain ground. Categories which mostly consist of imported products such as brandy and cognac, other blended Scotch...

In November 2014, the government announced an increase in the sales tax on all alcoholic drinks except beer. Nonetheless, alcoholic drinks prices did not rise immediately as the new tax did not come into effect until 90 days later. Furthermore, price...

Venezuela’s economy will continue to contract in 2017. Uncertainty abounds since the government-controlled Supreme Court backtracked on its decision to suspend the opposition-controlled National Assembly in March 2017. Hyperinflation keeps the ...

Latin America’s digital development is being fuelled by government action, especially through laws that encourage competition and implementation of projects that aim to extend fibre broadband among low-income consumers. The region is home to a ...

The availability of cat food will remain limited during 2017, making it unlikely the double-digit volume decline that began in 2014 will reverse. Both importers and local manufacturers have faced tough limitations in accessing foreign currency during...

The performance of dog food has remained largely affected by difficulties in maintaining steady production levels, as shortages in main raw materials and inputs have continued into 2017. Even domestically manufactured products rely on imported raw ...

The downward volume sales trend in other pet food is projected to remain in 2017 as there are no signs indicating that a favourable change could take place in the short term. Import barriers and shortages in main raw materials are set to remain, thus...

The offering of pet care products remained critical in 2017, with both domestic and imported brands having an erratic presence on retailers´ shelves, as even domestically manufactured products rely on imported raw materials. When this is added to the...

In 2017, the performance of pet products is set to remain largely hampered by a diminished product offering and limited purchasing power. Even pet healthcare products are scarce, with pharmaceuticals being unable to bring in imported products owing ...

A difficult macroeconomic climate, alongside rampant inflation, continued to affect consumer expectations, lowering consumption growth during 2016. The consumer mood has also been hampered by rising inflation. High inflation has eroded consumers’ ...

Panaderías solve many common and frequent needs in a one-stop venue, and these outlets are often conveniently located. They perform as a mix of bakery, fast food outlet, retail store and café. Prices, menus and environments are varied but are ...

Average value per transaction through non-standalone locations is typically higher than transaction value in consumer foodservice through standalone, especially in lodging and travel, as these types of outlets generally target higher-income groups. ...

Since 2015, local companies have tried to find ways to overcome the environment of scarcity such as training local suppliers to meet quality standards related to ingredients. For example, Arcos Dorados de Venezuela CA started to focus on working with...

Full-service restaurants was strongly impacted by the crisis that all companies experienced in Venezuela. Venezuelans reduced their visits to restaurants as a strategy to purchase more basic goods and services and many companies were negatively ...

In 2016, the Venezuelan economy continued to suffer from negative growth with real GPD expected to decline by 10% and one of the lowest real growth rates of Venezuela’s per capita gross income for major Latin American countries - according to ...

Despite positive conditions in terms of demand, the channel recorded a decline in the number of outlets in 2016 of 23% due to the adverse factors affecting all consumer foodservice companies. Higher costs and severe difficulties in obtaining many ...