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NEWS FROM THE EXHIBITION
Press Release - 19 APRIL 2000
LEADING INTERNATIONAL FOOD AND DRINK EVENT TO EXPAND INTO POLAND
InterFood and InterFoodTech, the leading international food and drink event in Russia and the CIS, is to be launched in Poland. The success of the Russian show, which is now in it's 6th year, led organisers ITE to consider launching the event in other relevant locations, hence the introduction of InterFood Poland and InterFoodTech Poland to its portfolio. InterFood Poland and InterFoodTech Poland will take place from 8 - 10 November 2000 in Sluzewiec, Warsaw.
The Polish food and drink market has witnessed rapid growth in recent years; InterFood and InterFoodTech aim to meet the demand for foreign investment in this expanding sector. Project Manager Alex Hogg comments; "Recent research shows that the Polish manufacturing sector remained the most popular in the first half of 1999 and over $4.5million was invested in food products. There is great potential in the Polish food processing and packaging sector for both foreign and local business ventures."
Over 150 exhibitors from 20 countries will attend this specialised trade event. Products on display will range from dairy, beer, meat, edible oils, vegetables and tea & coffee as well as food processing and packaging equipment, brewing equipment, bottling and labelling machinery, filling and closing technology and flexible packaging.
ITE are also pleased to welcome a National Group pavilion from Spain which will be represented by I.C.E.X., the Spanish Government Foreign Trade Body; 30 Spanish food producers have already confirmed their attendance at the event. Over 10,000 trade visitors are expected to attend the show.
For further information on InterFood Poland and InterFoodTech Poland including the up-to-date exhibitor list, floor plan and prices, please contact Alex Hogg at ITE by phone on +44 (0) 20 7596 5182 or by e-mail on [email protected]
NEWS FROM THE INDUSTRY
The Polish Food & Drink Market
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Poland's population of over 40 million people makes it the largest consumer market in Eastern Europe |
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Poland has low inflation and a growing middle class anxious to buy Western food and drink products |
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Polish officials have stated that Poland will be fully prepared for membership by January 1, 2003. |
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In 2000, the EU will begin providing an annual 168 million Euro to Poland to improve the agri-food sector prior to EU membership. |
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Despite various economic problems including the Russian crisis, Poland's economy grew by approximately 4% in 1999. According to Polish officials, the economy may grow by 5.4% in 2000, followed by 6.3% growth in 2001. |
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Polish analysts predict record investment levels in 2000 due to Poland's continued economic growth, major privatization projects and overall economic and political stability. In 1999, approximately 36% of foreign investment in Central and Eastern Europe was in Poland. |
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Hypermarkets, supermakets and discounters now have an 18% share of the food market based on turnover and this is expected to grow to 35% by 2002. |
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International retail giants like Metro, Rowe, Tesco, Intermarch, Carrefour and Auchan all have aggressive expansion programmes planned. The timing is right for international food and drink manufacturers to enter the market while it is still developing. |
The Polish Food Processing & Packaging Market
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The Polish Food Processing and Packaging sector is rapidly expanding and taking up a prominent position in Polish industry, accounting for approximately 1.5% of Poland's GDP. |
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The gross profitability rate in the food processing and packaging sector is over 7.5%, exceeding by far the average gross profitability in Polish industry of 4.9%. |
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There are over 1700 manufacturers of food and drink products operating in the Polish market with sales of over 1 million US dollars. |
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The Polish domestic food manufacturing market is expected to grow between 4% - 5% over the next five years. |
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In 1997, imports of food processing and packaging machinery were estimated at $500 million. |