![]() ![]() In the same period last year, 5 companies went bankrupt. In the second quarter of this year, the number of bankruptcies pronounced in the food industry totalled 10. Number of bankruptcies food industry relatively high in second quarter The dairy industry (-8.9 percent) and the bread and pasta industry (-6.9 percent) are the only branches in the food sector where entrepreneurs were negative about the development of turnover in the third quarter. The flour industry has the most optimists: 58.9 percent of entrepreneurs, followed by the fruit and vegetable processing industry (48.5 percent) and the animal feed industry (32.5 percent). Nearly 24 percent predicted higher turnover and nearly 13 percent lower turnover two-thirds of entrepreneurs expected sales to remain the same. Food industry entrepreneurs expect higher turnover in third quarterĪt the beginning of the third quarter of this year, 10.9 percent (optimists minus pessimists) of companies in the food industry expected higher turnover in the third quarter. Prices in the bread and pasta industry (+7.1 percent) rose the least, while prices in the fruit and vegetable processing industry (+14.3 percent) and the fish processing industry (+14.6 percent) also rose less than average in the second quarter. Prices in the food oils and fats industry (+36.0 percent) rose the most, closely followed by the animal feed industry (+35.8 percent) and the flour industry (+28.1 percent). The pace of price increases in the food industry is therefore clearly accelerating: in the first quarter, prices rose by "only" 15.9 percent. Price increase food industry picks up speedįood industry prices rose by an average of 22.2 percent in the second quarter. Prices in the food industry rose by 19.1 percent in the same period. In the first half of this year, the total turnover of the food industry grew by 24.2 percent. ![]() The growth was clearly higher than in the first quarter, when exports and sales to domestic customers increased by 21.5 and 18 percent respectively. Exports grow slightly faster than domestic salesįoreign turnover in the food industry rose by 28.8 percent in the second quarter, compared with 27.8 percent growth in domestic sales. This is evident from an analysis of recent CBS figures by our editors. The number of bankruptcies in the food industry doubled in the second quarter compared to a year earlier. Nearly 11 percent of manufacturers in the food industry also expect higher turnover in the third quarter of 2022, while more than half expect prices to rise further in that quarter. In 2022, 65 per cent of companies achieved sales growth, making 2022 the second best year.In the second quarter of 2022, turnover in the food industry was 28.3 percent up on a year earlier, largely due to higher prices. In contrast, in 2021, the best year since measurement began, 66 per cent of companies increased sales. Back then, 50 per cent of companies saw a decline in turnover, with 15 per cent of those falling by more than 20 per cent. In 2012, the first year CBS started measuring turnover risers and fallers in the food industry, it was the worst year. It will be interesting to see how these figures compare with previous years. But smaller companies also managed to increase their sales, with 61 per cent sales increases among "one-person" companies. The largest companies achieved the most revenue increases, with a rate of 87 per cent for companies with more than 250 employees. The analysis shows that company size plays an important role in success. In fact, 36 per cent of companies saw sales increase by more than 20 per cent. The second quarter was the most successful, with as many as 70 per cent of companies seeing an increase in turnover compared to the same quarter in 2021. This is according to an analysis of recent CBS figures by our editors. ![]() Of these companies, half even achieved more than 20 per cent increase in turnover. As many as 65 per cent of the companies managed to increase their turnover. The food industry experienced remarkable sales growth in 2022. ![]()
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