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    Retail

    Grocery spend in Europe rises by six-year high

    Chloe RyanBy Chloe RyanApril 3, 20183 Mins Read
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    The amount Europeans spent on groceries rose by 4.4% in the final quarter of 2017 – the highest rise since early 2012, according to Nielsen retail performance data.

    This 4.4% increase in takings at the tills – across the 21 European countries measured – was due to shoppers buying 1.8% more items and paying 2.6% more per item than they did a year ago. The higher prices were a combination of price inflation and shoppers actively choosing more expensive goods.

    “After a few tough years, 2017 saw a dynamic economic environment across Europe with positive consumer confidence in the region and record highs in several countries,” said Olivier Deschamps, Senior Vice President Retailer Services Europe. “This contributed to a strong year for grocery retail, particularly impressive considering shoppers’ savings mindset such as looking for the best deals and a bigger preference for the discounters.

    “One of the reasons for the growth against this backdrop is the performance of local brands over the leading international players. They’ve capitalised on the revival of “local pride”, tapping into consumer and retailer tastes towards premium, local champions, particularly the focus on health and wellness through organic and free-from ingredients. Health now being one of Europeans’ two biggest concerns.”

    How different countries compare

    Turkey had the highest year-on-year growth in takings at the tills (+16.8%), followed by Hungary (+8.2%) and Slovakia (+7.5%). In contrast, Switzerland (+1.6%), Finland (+1.7%) and Belgium (+1.8%) had the smallest growth.In comparison in the UK, the prices paid rose 1.2% while volumes rose 2.8%, meaning total grocery – or what the industry calls fast-moving consumer goods (FMCGs) – spend rose 4%. Thus, the UK ranked ninth of the 21 countries.
     
    Growth rates per country

    Spain’s growth rate (+5.3%) was the highest among the big five western European markets, followed by the UK (+4.0%), whilst France had the lowest growth among this group (+2.8%).

     
    Big 5 countries growth
    Europe’s 4.4% nominal growth reflects a 2.6% increase in prices paid and a 1.8% increase in volume“Despite GDP growth slowing slightly in some of the Eurozone’s largest economies, the IMF puts 2018 GDP growth at around 2%, which suggests that economic stability will continue to support grocery sales in Europe,” notes Deschamps. “Two growth areas in particular to look out for are e-commerce and private label. Retailers continue to revamp their own brands, upgrading ranges and investing in marketing to tap into consumer needs around competitive prices but good quality.”

     
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    Chloe Ryan

    Editor of Poultry Business, Chloe has spent the past decade writing about the food industry from farming, through manufacturing, retail and foodservice. When not working, dog walking and reading biographies are her favourite hobbies.

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