Western Europe

The Irish population’s experience of the significant trend towards health and wellness has increased health consciousness and had a profound impact on consumer preferences within edible oils. Consumers have displayed a growing understanding of and…

Unit prices of edible oils continued to fluctuate in 2023. While sunflower oil’s unit price saw jumps due to the war in Ukraine, olive oil also became more expensive due to the effect of drought on supply. Overall, at the end of the review period,…

Edible oils in Denmark saw record unit price increases in 2022 and at the beginning of 2023, along with significant declines in volume sales. This is the result of supply shortages due to the war in Ukraine. Olive oil has seen high price increases…

The impact of the inflation crisis and of the spike in raw material prices had a huge impact on edible oils in both 2022 and 2023. Products such as rapeseed oil and sunflower oil experienced extreme price increases in 2022, while olive oil suffered…

The enduring consumer preference for debit cards over credit cards continued throughout 2023, with the former accounting for the more than 10 times the value of the latter in terms of transactions. Such cards are easy to obtain in Italy, as well as…

Despite a decline in the number of cards in circulation, credit cards in Italy registered dynamic growth in terms of both number of transactions and transaction value in 2023, continuing the trend of the previous year. This was driven by the growing…

The main influence on sales of cooking ingredients and meals in Turkey in 2023 was the ongoing economic crisis that continues to undermine the spending power of the vast majority of local consumers. The population of Turkey continues to grapple with…

In 2023, Dutch consumers are navigating a challenging landscape characterised by low consumer confidence and higher-than-predicted inflation. This has prompted a significant number of consumers to seek savings in their food expenditures. Notably,…

In 2023, cooking ingredients and meals experienced positive growth. Several factors contributed to this positive outlook. Convenience emerged as a pivotal element, with consumers seeking easy and time-efficient meal preparation options. The health…

Demand remained under pressure in many categories of cooking ingredients and meals in 2023 due to high inflation and rising unit prices. With the squeeze on Europe’s fuel and energy supplies resulting from the Ukraine conflict causing significant…

The cost-of-living crisis is significantly impacting the lives of the Portuguese. Despite some positive economic indicators, such as economic growth and a slowing down of inflation, people do not perceive any improvement in their daily lives.…

Many producers of cooking ingredients and meals are facing challenges in balancing the rising cost of energy, ingredients, packaging and logistics in 2023. While the prices of many products are rising some of the leading grocery retailers have played…

The war in Ukraine continued to impact cooking ingredients and meals in 2023 by affecting the availability and prices of key ingredients, particularly sunflower oil and seeds. Irish food manufacturers have assessed the medium-term effects of the…

The high rate of inflation and increasing production and transportation costs drove up the unit prices of cooking ingredients and meals significantly in 2022 and 2023. What is more, edible oils saw even sharper movements in price due to the deficit…

Inflation is leading to high unit price growth in all categories in cooking ingredients in meals, pushing value rises over 2022 and 2023. Edible oils has seen much fluctuation due to the deficit of raw materials, transportation difficulties,…

High rates of inflation and pressure on consumers’ purchasing power and disposable incomes strongly impacted demand for cooking ingredients and meals in the Belgian market in 2023. Indeed, following a strong performance in value sales in 2022 mostly…

The growth of gross lending in consumer lending for 2023 is moderate and slower than what was anticipated a year ago. Factors such as surging inflation, an escalating energy crisis exacerbated by the Russian invasion of Ukraine (with its effects…

In 2023, gross lending in the primary category of other personal lending is experiencing a slowdown in growth due to inflation and reduced disposable incomes. Rising prices, coupled with stagnant salaries, have instilled a sense of insecurity in…

Charge cards continued to register a healthy performance in 2023, with a rise in the number and value of transactions. This was linked to the growing popularity of cashless transactions, as consumers become increasing confident about making digital…

The overarching health and wellness trend triggered by the pandemic has placed herbal/traditional medicinal teas, other fruit/herbal teas, and various other teas in a growing and strong position. While consumers are not as concerned about improving…