In 2020, other edible oil is expected to demonstrate the fastest retail volume growth, albeit from a low base, thanks to the expansion of the category in Estonia through a number of new product launches. There are, for example, new types of other edible oil available that are produced from linseed, grape seed, and pumpkin seed, which appeals to the more adventurous tastes of consumers in Estonia. These products are versatile and there are options that can be used in cooking, baking or deep…

Edible oils will perform well in 2020 overall in response to the outbreak of COVID-19. All product areas are anticipated to see increased current value sales, Prior to the pandemic, edible oils was performing well given that it is a staple food item that it used in many households. Due to the government-imposed restrictions that were implemented from 17 March 2020, consumers were obliged to stay at home which meant more food was being prepared and eaten at home. In turn, the consumption of…

After seeing solid retail current value growth in 2019, edible oils is expected to see an even stronger increase in 2020. The COVID-19 pandemic and related lockdown restrictions in 2020 resulted in more time spent at home, which in turn increased consumers’ opportunities to cook, therefore boosting the sales of edible oils. In fact, there was some initial stockpiling behaviour at the onset of the pandemic as consumers worried about shortages and were eager to stock up to prevent further…

Foodservice closures due to COVID-19 will have a significant effect on the edible oil landscape in 2020. Restaurants and other eating establishing with dine-in options were required to close for two months in early 2020 and were only allowed to reopen under specific social distancing and capacity guidelines. Takeaways were allowed to continue operating relatively undisturbed with many consumers turning to takeaways as a socially distanced way to consume restaurant food. As such, while part…

COVID-19 will provide a significant boost to retail current value sales of edible oils during 2020, with growth set to reach its highest level in almost a decade. Edible oils were one of the first items on the shopping lists of local consumers when they began to stockpile essential foodstuffs during the early days of the pandemic. However, this surge in volume sales soon began to peter out, as many consumers realised it would take them a long time to consume what they had bought. The fact…

Retail sales of edible oils are set to see a dramatic leap in growth in 2020 in both volume and current value terms. The direct cause of this is the Colombian government’s response to the COVID-19 virus. On 17 March, President Iván Duque declared a state of emergency, followed by the announcement of 19-day nationwide quarantine, starting on 24 March. The country has been under varying degrees of lockdown ever since, with consumers working from home where possible, the closure of…

During the COVID-19 outbreak, the Chinese Government ensured a sufficient supply of edible oils and stable prices in order to avoid panic. The state-owned enterprise, China National Cereals, Oils & Foodstuffs Imp & Exp Corp (COFCO), provided around 300 tonnes of edible oils for the Wuhan market in order to guarantee the supply of what is considered a daily necessity to the highly affected area. COFCO also made sure that the price of the products remained stable in order to prevent…

Official lockdowns in various provinces began in mid-March in Canada, and caused foodservice outlets to shut down with the exception of restaurants in Northwest Territories. This has led to a huge decrease in foodservice sales of edible oils, with the retail channel benefiting. Consumers have been cooking at home much more given that many jobs have been performed remotely and with schools closed, giving rise to considerably higher demand for edible oils. Industry sources have noted the…

COVID-19 has benefited edible oils, with both retail volume and current retail value expected to register healthy growth. There was a degree of stockpiling, but only in the first two weeks of lockdown, and the volume and value growth is mainly attributable to increased cooking at home. Though there is expected to be a fall in foodservice volume, the increased eating at home is expected to more than compensate. One change in consumer behaviour is that larger bottles of edible oils were…

Edible oils is benefitting from lockdowns caused by COVID-19 in Belgium. Consumers are cooking and eating at home more often in general, and a degree of stockpiling is noted. This benefits all almost all edible oils, with olive oil showing the highest growth and sunflower oil also proving popular, thanks to their healthy image. Olive oil also benefits from consumers seeking superior quality products, encouraged by media reports raising awareness of AOP products (or PDO – Protected…

In 2020, sunflower oil remained by far the biggest product within edible oils, and continued to see strong growth in both retail volume and current retail value terms. Belarusians view sunflower oil as an essential product and consume it daily for cooking, frying and in salads. It is perceived as a healthy option in line with the healthy lifestyle trend. Sunflower oil has become saturated with wide shelf space and a large number of brands. Ubiquity allows consumers to purchase sunflower oil…

During 2020, edible oils will grow sales in Azerbaijan at a higher rate than in the previous year. This will in large part be due to the home seclusion trend, which led consumers to prepare and cook food at home more than usual. Whereas in the previous year olive oil saw the highest current value growth, in 2020 it is anticipated that sunflower will see the highest current value growth. The economic slowdown will lead consumers to opt for sunflower oil rather than olive oil because of the…

Foodservice volume sales of edible oils are being severely dented by the impact of COVID-19-related restrictions but, in contrast, retail value sales of edible oils are set to post strong rates of growth in 2020. In large part, that growth is a result of the spike in demand recorded in the early months of 2020 as consumers, preparing for the pandemic-related lockdown, stockpiled easily storable edible oils, realising that they would be consuming more meals at home, using edible oils to add…

In Australia, foodservice outlet closures towards the end of March 2020 resulted in a shift towards retail sales of edible oil, accelerating growth in this channel as consumers started to cook more at home during the lockdown. Most types of edible oils are outperforming their growth rates in 2019 (pre-pandemic) as a result, with corn oil showing the highest volume and value sales increases. However, soy oil continues to decline as consumer perception of this format’s impact on health remains…

Edible oils will record robust growth in retail volume sales for 2020 as a whole. Since the beginning of the COVID-19 pandemic, many Argentinians have been spending most of their time at home due to lockdown measures, social distancing and a dramatic rise in the incidence of remote working. As a result, consumers have been cooking for themselves more often instead of eating out. Edible oils is among the packaged food categories that has benefited most from this trend, as these products are…

Charge cards are not currently available in Denmark, with this situation not expected to change over the forecast period.

Also Read – http://www.marketwatch.com/story/global-it-consumables-market-size-share-value-and-competitive-landscape-2021-03-13

Euromonitor International’s Charge Card Transactions in Denmark report establishes the size and…

Euromonitor International’s Store Card Transactions in Greece report establishes the size and structure of the market for ATMs cards, smart cards, credit cards, debit cards, charge cards, pre-paid cards and store cards. It looks at key players in the market (issuers and operators), number of cards in circulation, numbers transactions and value of transactions. It offers strategic analysis of sector forecasts and trends to watch.

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Prior to the arrival of the COVID-19 pandemic in the Czech Republic, the most common use of debit cards was to gain access to cash via ATMs. However, with the public image of cash having taken something of a knock due to perceptions that it poses a hygiene risk in terms of transmitting the COVID-19 virus, 2020 saw a dramatic shift in the use of debit cards. Instead of using a debit card to withdraw cash from ATM and then using the cash to pay in retail outlets, consumers just skipped the…

Prior to the onset of the COVID-19 pandemic, there was already considerable pressure coming on credit cards in the Czech Republic. Specifically, the country’s leading credit card issuers were re-evaluating their policies of issuing huge numbers of credit cards in an effort to widen their consumer bases. Instead, a period of retrenchment was already in place, with issuers actively reducing their credit card account portfolios, keeping only profitable accounts and closing accounts that were…

Charge cards recorded a negative performance in transactions of value and volume terms over the course of 2020. The main reason for this was the impact of the COVID-19 pandemic on the use of commercial fleet cards, the most common type of charge cards in circulation in the Czech Republic. The interruptions to commercial activities seen in the Czech Republic due to COVID-19 during 2020 and the restrictions placed on the movement of the Czech population for much of the year led to…