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Retail

German Food Industry Sees Sales Growth Of 3.2% In 2019: BVE

The food industry in Germany reported a 3.2% year-on-year growth in sales to €185.3 billion in 2019, according to data from BVE - the federation of German food and drink industries.

As a result, the economy of the sector continued to stabilise at a high level despite clear signs of an overall economic downturn, the BVE added.

International sales increased by 4.5% to €62.2 billion compared to 2018, with food exports to non-EU countries, such as Asia, reporting significant growth, of 10.9%.

Domestic food sales increased only slightly, to €123.1 billion, in 2019.

Job Creation

The sector also witnessed the creation of approximately 10,000 new jobs during this period, with 6,123 companies employing a total of around 618,721 people.

The food industry also achieved a better overall gender balance, with 54% male employees and 46% female employees.

The data also revealed that half of the employees in the food industry worked in wage-bound companies, confirming the industry's image as a reliable employer.

© 2020 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: The European Supermarket Magazine.

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