Algeria’s economy contracted sharply in 2020 and was hit by two shocks—the spread of COVID-19 and the sharp decline in oil prices, as oil and natural gas account for the bulk of budget revenues. With the Algerian dinar depreciating as a result of the economic crisis, this made imports in particular more expensive, and there was also general...
Despite some short-term stockpiling in March 2020, initial consumer panic diminished fairly rapidly as supplies of hot drinks were relatively unaffected and consumers were still able to shop at grocery outlets and online. As a result, unit prices remained stable, and unit price growth was actually slower than the previous year. Hot...
Having suffered from a rise in COVID-19 cases and difficulties within its health system, Chile saw restrictions being implemented in both the off-trade and on-trade channels in 2020. Temporary on-trade closures were seen during the total lockdown to prevent the spread of the virus, with limitations on capacity on reopening. However, some outlets...
Growth within hot drinks in Hungary was negatively impacted by the COVID-19 impact in 2020, with on-trade sales being hit particularly hard. During the lockdown period, which lasted two months in the spring of 2020, all restaurants and cafés were closed, resulting in a steep decline in on-trade sales of coffee, tea and other hot drinks. Hot...
Overall, hot drinks experienced a major decline in 2020 due to Coronavirus (COVID-19). A key factor in the decline was the mandated closure of on-trade establishments for parts of the year. Furthermore, social distancing requirements also had a negative impact on hot drinks. In Croatia, hot drinks are often consumed on social occasions, and...
This study focuses on China’s Freezers market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers for...
Following the outbreak of COVID-19, a national lockdown was imposed in Greece, resulting in the closure of foodservice outlets across the country as well as home seclusion for Greek consumers. Café closures will have a considerable negative impact on on-trade consumption in hot drinks. Hot Drinks in Greece report offers a comprehensive...
The emergence of COVID-19 in South Korea has had a major impact on certain categories within hot drinks in 2020 as a result of the country’s efforts to slow the spread of the virus, including social distancing measures, and travel restrictions. Hot Drinks in South Korea report offers a comprehensive guide to the size and shape of...
Hot drinks has maintained total volume growth in 2020, although with a lower level of increase than seen in any other year of the review period. However, significant differences in performances have been seen between channels. Whilst off-trade sales have increased dramatically, on-trade sales have seen a significant decline, due to the emergence...
This study focuses on China’s Imported Food market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers...