International Confectionery’s Post

Latest on International Bakery: Food & drink exports continue to fall in 2024 Food and drink exports have continued to fall in Q3, with exports in the first nine months of 2024 down 10.2% to £16.3bn, driven by a significant drop in alcohol sales. While the value of food and non-alcoholic drink exports remained steady (up 1.2%), this masks a fall in volume of 16.3%, an impact of high food and drink inflation and trade barriers.  The EU remains the UK’s biggest trading partner for food and drink. While exports to Ireland and Germany rose slightly by 3.0% and 1.4% respectively, these were the exceptions. Overall, exports to the EU have fallen 5.3% in the first nine months of the year, with the persistent administrative burdens that continuing to create barriers to trade with Europe. Targeted export support and a concerted focus on removing unnecessary paperwork, particularly for small and medium sized businesses, would be invaluable in helping the sector to recover this lost trade.  Read more here: https://lnkd.in/dq7esZH5 #Food #Bakery The Food and Drink Federation Jonathan Pittock

Major manufacturers in Argentina oppose the government’s decision to facilitate food imports to try to lower inflation in basic products. #food #foodindustry #foodindustryinsight #foodnews #foodbusiness #foodbusinessnews #foodbusinessowner #foodmanufacturing #foodanddrink #foodandbeverage #foodandbeverages #foodanddrinks #foodanddrinkindustry #foodprices #foodproducts #foodproduction #foodinflation

Food Import Trends and Food Importers in the USA – BestFoodImporters 2024 Update The USA has reached success as the largest economy in the world due to understanding the importance of international trade that keeps up with market dynamics and create one of the best business climates in the world. Moreover, to meet the demands of its massive population of 335 million consumers the USA relies heavily on food imports to maintain access to a variety of food and beverage products, at several price points, for every pocket. This means that the US’ network of food importers and distributors is one of the most complex in the world. https://lnkd.in/dk8C9BA4

The Annual Report recently released by the Grocery Commissioner has received a fair bit of publicity recently. The fact remains that: (a) NZ has some of the highest grocery prices in the OECD. (b) NZ consumers spend the highest proportion of income on groceries out of OECD countries. (c) The incumbent supermarket duopoly earns excess profits of ~$430m p.a. (Source: CCNZ) There are, however, immediate steps that the Government can take: (1) The food labelling requirements that exist in New Zealand are unique to Australasia. Whether intentional or not, these requirements act as a significant barrier to new entrants seeking to enter the grocery sector (the importation of food being necessary given the well documented issues in relation to domestic supply and failings of the wholesale supply regime). A simple solution would be reciprocal recognition of food labelling that is UK / EU compliant. (2) There are also regulatory barriers that: (i) prevent the importation of certain food types, e.g. chicken and pork; (ii) impose onerous processing requirements that are detrimental to product quality, e.g. pepperoni; and (iii) impose unnecessary complexity / cost on food imports, e.g. certain dairy products. If the Government is really concerned about grocery prices and the lack of competition, it could take immediate action to address these regulatory barriers to new entrants.

Food Import Trends and Food Importers in the Netherlands – BestFoodImporters 2024 Update https://lnkd.in/dCimKnN6 Despite not being one of the larger European nations, with a population of 17.8 million inhabitants, the Netherlands is a top player in the world economy. It is ranked the 18th largest economy in the world and it has a strong import ecosystem, especially in the food sector. The Dutch market serves as a hub for both consumption and redistribution of imported goods, which creates a strong network of Dutch food importers with a lot of experience.

UK businesses reliant on EU food and drink imports are prepared to navigate additional Brexit-related red tape to maintain their supply chains, with many planning to increase their import volumes to ensure continuity. Via: FoodNavigator | Read More👇🏻 https://lnkd.in/ed8WaK83

Nigeria Cannot Import Its Way Out of Food Insecurity: How Assetrise Limited Supports AfDB President’s Vision for Indigenous Food Production (Part 2) 4. Food Production Decline: Due to insecurity in the northern regions, agricultural production has significantly declined. This has disrupted supply chains and increased food prices, contributing to the overall food crisis (WFP) These statistics underscore the ongoing challenges Nigeria faces in achieving food self-sufficiency, with the decline in food production and economic factors playing crucial roles in the increasing dependence on food imports. Statistics on Food importation in Nigeria As of 2024, Nigeria's food importation statistics reflect a significant increase despite efforts to boost local production: 1. Overall Food Imports: According to the foreign trade report by the National Bureau of Statistics (NBS), Nigeria's food and beverage import bill rose by 30% in Q1 2024, reaching N1.59 trillion. This includes both primary and processed food and beverage imports. 2. Primary Food Imports: This report also states that for the first quarter of 2024, primary food imports for household consumption and industries amounted to N726 billion, with household consumption at N186.6 billion and industries at N540.1 billion. This category saw a substantial increase from the previous year. 3. Processed Food Imports: The processed food and beverage import bill stood at N865 billion in Q1 2024, marking a 137% increase compared to the same period in 2023. This category includes significant imports for industries and household consumption 4. Annual Import Figures: In 2021, Nigeria spent N2 trillion on food imports, which was a 41% increase from the previous year. This trend has continued, with food imports hitting N3 trillion recently due to challenges like flooding and insecurity 5. Impact of Exchange Rates: The depreciation of the naira has also affected the value of food imports. While the naira value of imports increased, the actual volume might have declined due to higher costs driven by the weaker currency. These statistics portray the increasing dependence on food imports.

Are you interested in the top countries for frozen whole chicken imports? The latest data from IndexBox reveals some interesting insights into this global market. China, Saudi Arabia, and Japan are among the leading importers of frozen whole chicken, with demand steadily increasing in recent years. These countries rely on overseas suppliers to meet their consumption needs, creating opportunities for exporters in countries such as Brazil, the United States, and Thailand. The growing popularity of frozen whole chicken can be attributed to its convenience, longer shelf life, and versatility in various cuisines. This trend is expected to continue as consumers seek convenient and affordable protein options. Stay tuned for more updates on the global frozen whole chicken market and how it impacts the food industry worldwide. #IndexBox #frozenchicken #imports #globaltrade #marketanalysis #foodindustry #topcountries #consumptiontrends #marketinsights https://lnkd.in/edHNHcby

The first steps in exporting your Food and Drink business to the UK are often the riskiest.  Here’s how a Jane Milton Ltd Market Report can help mitigate that risk and support your exporting journey… https://lnkd.in/dZVyapPA #JaneMilton #MarketReport #Exporting #FoodAndDrink #FoodBusiness #ProductPotential #CompetitorAnalysis #RetailOutlet 

Nigeria’s food and beverage import bill increased by 30% from N 1.21 trillion in the fourth quarter of 2023 to N1.59 trillion in the first three months of 2024.  This is according to the first quarter foreign trade report by the National Bureau of Statistics (NBS) released over the weekend.  When compared to the first quarter of 2023, there was a 115% increase in food and beverage imports. Between January and March 2023, Nigeria’s food and beverage import bill stood at N710 billion.  https://lnkd.in/dXfZPCZe