At the start of 2020 the Hungarian economy was experiencing strong growth with above average growth in packaged food sales in retail volume and retail value compared to other EU countries. Thanks to low unemployment and household’s strengthening purchasing power, many Hungarian households entered the pandemic period in good financial standing....
Back-to-basics will be the overriding theme in Croatian packaged food during 2020. The number of unemployed people is rising, many more are scared of losing their jobs, the local tourism industry has been devastated by the pandemic, and a significant number of households have seen a decline in their disposable income. Packaged Food...
Similar to most other countries, packaged food in Sweden has been significantly impacted by the Coronavirus (COVID-19) pandemic. Grocery sales have boomed as consumers spend more time at home and avoid or reduce the frequency of social gatherings, such as in bars and restaurants. Unlike most countries, however, Sweden has not introduced formal...
The COVID-19 pandemic has been the main driver for retail sales growth in basic Brazilian packaged food categories as consumers have prioritised essential household items such as rice, pasta, sauces and dairy products. Consumption of baked goods has been benefiting from home seclusion, as well as a certain amount of stockpiling, during the...
COVID-19 will have a significant effect on demand for packaged food in Uzbekistan during 2020. The economic instability it engendered has led to an acceleration in the country’s already rapid rate of consumer price inflation during the spring by means of a depreciation in the foreign-exchange value of the Uzbek som. The pandemic also lead...
Retail current value sales of packaged food in Tunisia was relatively stable in the face of COVID-19 during 2020, reflecting the fundamental inelasticity of demand for these products. With the exception of hypermarkets, which were forced to close for a brief period, grocery retail outlets have continued to operate without significant disruption. Packaged...
Packaged food will see markedly boosted sales in 2020 as the category was heavily impacted by COVID-19. In mid-March, as the spread of the virus intensified in Norway, people avoided non-essential trips outside their homes, greatly reducing the footfall in cafés and restaurants. Instead, they visited local grocery retailers or relied upon...
Overall packaged food is expected to benefit from COVID-19 in 2020, with healthy retail volume growth. Growth in current value sales is expected to be even higher, with double-digit growth rates expected. However, part of this current value growth is driven by inflation. A worsening drought has made many local foods more expensive and imported...
The COVID-19 pandemic has had a significant impact on the Thai packaged food market in 2020. The closure of foodservice channels and the imposition of a curfew had a marked negative effect on sales of packaged food in the on-trade environment during the early part of the pandemic. Packaged Food in Thailand report offers a comprehensive...
In New Zealand, sales of packaged food in terms of retail volume and current value are expected to see a strong increase in 2020. Part of the growth is a result of changing consumer habits because of Coronavirus (COVID-19) restrictions, such as stockpiling on pantry essentials and changes in lifestyles that resulted in more eating occasions...