Income from food distribution will fall again in Spain in 2022 due to the impact of inflation

MADRID, 10 Nov.

Income from food distribution will fall again in Spain in 2022 due to the impact of inflation

MADRID, 10 Nov. (EUROPA PRESS) -

Food distribution sales in Spain and Portugal, jointly considering the activity of hypermarkets, supermarkets and cash establishments

Specifically, the forecasts for the end of this year point to a continuation of the downward trend in the value of the market, estimating a drop similar to that of 2021, which stood at 0.7%, to 114,835 million euros. euros.

The weakening of the purchasing power of the population due to high inflation and the rise in interest rates constitutes a threat to the food distribution sector in the short term.

The Observatory also highlights the strong increase in supply, energy and logistics costs, which is affecting its margins in a context of high price sensitivity of customers.

Sales in Spain in 2021 amounted to 97,410 million euros, 1.2% less, while in Portugal, where considerable restrictions on population mobility were still in place in the first months of last year, an increase of 2.3%, up to 17,425 million euros.

In the sector, an acceleration in the change in the population's consumption habits is observed, registering a more fragmented expenditure, a greater frequency of purchase and a growing appreciation of the proximity of stores.

Some trends that favor the activity of supermarkets and self-services, whose sales in 2021 in the Iberian market as a whole stood at 92,700 million euros, 0.9% less than in 2020.

For their part, hypermarkets continued to reduce their market share, estimating a drop in revenue of 1.4%, to 16,995 million.

Regarding the 'cash

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