During the COVID-19 pandemic, edible oils have benefitted from state subsidies, which will likely help keep retail unit prices relatively stable. Local manufacturing of edible oils is also starting to take off in Georgia, albeit in limited quantities. Local production is seen as a positive move given the disruption to international supply chains during the pandemic, and it also serves to promote the local economy and protect jobs. Alfa Ltd has widened its assortment and now offers various…

In the spring, the impact of the COVID-19 pandemic increased home baking and cooking in Finland, while foodservice sales plummeted as hotels, restaurants and bars closed. Retail outlets ran out of stocks of both fresh and dry yeast as consumers stockpiled in order to bake bread, and sales of edible oils increased for the same reason during this time. According to Bunge Finland, the sales of domestic Keiju rapeseed oil doubled in March when compared with the previous year. Rapeseed oil has a…

Edible oils is expected to see a boost in retail volume growth as a result of the COVID-19 pandemic. Although the forced closure of all foodservice outlets meant a sharp decline in foodservice volumes, with edible oils being a key ingredient for many eateries throughout the country, retail volume growth will increase considerably, with more people cooking at home throughout the COVID-19 crisis. The category as a whole benefitted from a wave of panic buying as Egypt went into lockdown as…

As a result of the COVID-19 stay at home measures, the demand for edible oils in Costa Rica grew at more dynamic rate across retail channels in 2020, as families’ found themselves cooking home on a more regular basis. Equally, due to the economic downturn caused by COVID-19, many local mid-and-lower income consumers are facing reduced disposable incomes, resulting in them opting for more affordable eating options. As a result, the sale of more lower cost and healthier edible oils will be…

Edible oils has always been popular in Bolivia and after seeing consistent growth over the review period will record noticeably higher current value growth rates in 2020 due to the pandemic. In fact, edible oil has been one of the most purchased food products in Bolivia since the outbreak of COVID-19, given its disposition as an essential food item. Between 22 March and 1 June, the country was under a strict lockdown which saw many of its residents obliged to stay at home. Consequently,…

The outbreak of COVID-19 is expected to have quite a mixed impact on sales of edible oils overall. Despite a sharp decline in foodservice volume for the category as consumers were slightly more nervous about their risk of infection in foodservice outlets, strong retail value growth will provide some compensation for suppliers. Since edible oils are considered essential by many consumers, sales were quite resilient and boosted by the increased amount of cooking happening at home due to…

Tea consumption in Turkey is vast, and most tea consumed is produced within the country. However, during the beginning of the tea harvest season in March 2020, COVID-19 restrictions caused issues for manufacturing. Due to lockdown restrictions, tea farmers were not able to travel to the Black Sea area from other cities, and the tea harvest workers who crossed the border every year from the neighbouring country Georgia, could not travel to Turkey.

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This category of key carbohydrate staples experienced a significant boost in demand in 2020 due to the COVID-19 pandemic. To prepare for lockdown, Belgian consumers stockpiled these products as a precautionary measure, driving sales in the year, plus more cooking at home positively contributed to consumption. Strong demand led to a rapid price increase for most products, resulting in value sales progressing faster than volume for the overall category. Supply and logistical restrictions also…

Demand for chilled processed meat and seafood suffered a severe blow in 2020 as Belgian consumers perceived these products to have a higher risk of carrying COVID-19. Frozen and shelf-stable processed alternatives benefitted from these fears and consequently saw positive sales growth; however, this was not enough to offset the decline from chilled meat and seafood products, the biggest category. The reduction in meat consumption by Belgians, propelled by the rising interest in vegan and…

The three-month lockdown period was extremely favourable to the category in 2020: as a precautionary measure, consumers were stockpiling both shelf stable and frozen processed fruit and vegetables. With their relatively longer lifespan compared with fresh alternatives, these products were regarded as essential items to survive the lockdown period. All categories also benefited from cooking more at home both during and post lockdown. Trying out new recipes and creating family moments were…

The main impact of COVID-19 in packaging demand has been an increase in takeaway service and home deliveries. Sales have surged through e-commerce channels due to consumers remaining at home. One result has been that food, beverages and home care have a significant rise in sales in multipacks and large pack sizes. Packaging in food service through horeca establishments has declined dramatically, negatively impacting beer kegs and glass bottles as on-trade food services bars and restaurants…

As Saudi Arabia slides into sharp recession in 2020, real GDP has fallen by 6% in 2020, following growth of 0.3% in 2019. The real value of private consumption has dropped by 5.8%, and the impact of measures introduced to limit the spread of COVID-19 will continue to hinder consumption during the early forecast period. The closure of non-essential businesses has seen unemployment rise to 6%. As such, the popularity of multipacks and value-for-money larger packaging formats has grown in…

Lockdown and restrictions to prevent the spread of COVID-19 boosted sales of retail packaged food in 2020 thanks to precautionary stockpiling by consumers and a sharp rise in working, cooking and eating at home. Most key retail distributors remained open throughout lockdown, having been deemed essential retailers. The significant surge in online orders by consumers led to a strong boost in packaged food value sold through e-commerce, with many consumers preferring this channel in order to…

Stockpiling both before and during lockdown due to COVID-19 boosted volume sales of breakfast cereals in 2020. With more time spent at home, consumers were both eating and snacking more. Consumption was also increased with children being at home more following the closure and restrictions of schools and nurseries. As well as a volume increase in 2020, the average unit price of cereals also rose due to greater demand globally.

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Bakeries, pastry makers and other independent bakers suffered significantly from the three months of lockdown in 2020 due to COVID-19. The collapse in demand from foodservice outlets also negatively impacted independent players and their revenues declined by at least 50%. The unpackaged baked goods offered by these outlets were affected by hygiene issues and the greater risk of contamination, and the value of small independent bakers and pastry makers consequently declined in the year. Some…

Store cards remain non-existent in Saudi Arabia in 2020 and COVID-19 has not raised any demand for these

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COVID-19 has driven demand for larger packaging formats as more consumers shop online, and reduced purchasing power supports sales in family-value, bulk pack sizes. Consumers continue to take fewer trips to store-based outlets and shop online instead, in an attempt to reduce unnecessary face-to-face contact, and bigger packs benefit from both the rise of e-commerce (through which they are conveniently deliverable) as well as from a desire to stock up. Though the stockpiling which was seen…

The start of the lockdown in March and April saw the price of edible oils at open air markets rise in Uzbekistan, in some cases by up to three times. However, products remained generally more affordable than in supermarkets, and despite price rises, all types of edible oil will show growth in retail volume as well as value terms in 2020. Prices are expected to stabilise during 2020 as the State Tax Committee took tight control over prices in markets from March, following a number of…

Edible oils is expected to register a boost as a result of COVID-19, with more people cooking at home and a degree of stockpiling happening during the early weeks of the pandemic. It is expected that retail volume will register double-digit growth. However, volume growth is partly stifled by steep double-digit price increases. A worsening drought has made many local foods more expensive and imported goods have been affected by a stronger dollar and higher tariffs. All this has led to high…

Edible oils is expected to show a significantly higher retail volume and current value growth rate in 2020 relative to the previous year. This is in part due to the stockpiling effect in the early stages of the lockdown in the first quarter of 2020 and in part to consumption shifting from foodservice outlets to at-home. Companies had their manufacturing facilities operate at full capacity to ensure uninterrupted supply to retailers as consumers purchased more than usual. Consumers showed a…