Israeli Food Sales Recovered 2.5% in Q3 Fueled by Holiday Shopping
Translated & summarized from Calcalist by baba
Israeli food market sales grew 2.5% in the third quarter to NIS 11.98 billion, recovering from a previous decline due to holiday shopping. Prices remained largely stable across most categories, though cleaning products saw a 3.4% sales increase. The overall FMCG market grew 2.4% to NIS 16.8 billion.
The story in 5 lines · by baba
- Israeli food sales rose 2.5% in Q3 to NIS 11.98 billion, recovering from a Q2 decline.
- Holiday timing, including Rosh Hashanah and Sukkot, boosted third-quarter sales.
- Product prices remained mostly stable, with only a 0.3% increase in the food price index.
- Cleaning product sales surged 3.4% ahead of the holidays.
- The overall FMCG market saw a 2.4% sales increase to NIS 16.8 billion.
Sales in Israel's food market experienced a 2.5% growth in the third quarter compared to the same period last year, reaching NIS 11.98 billion. These figures, based on data from StoreNext, indicate a recovery after a 1.5% decline in the second quarter. The growth is attributed to the timing of major Jewish holidays, including Rosh Hashanah, Yom Kippur, and Sukkot, which largely fell within the third quarter this year, unlike last year when some holidays extended into the fourth quarter.
Product prices remained relatively stable, with a mere 0.3% increase in the price index for food products during the third quarter. The beverage sector also saw a modest rise, with sales growing by 2.6% to NIS 1.94 billion, and prices increasing by 0.5%.
In contrast, the toiletries and household products categories saw price index decreases of 0.6% and 0.5% respectively, driven by intensified holiday sales. Despite these price reductions, toiletries sales grew slightly by 0.4% to NIS 1.6 billion. However, sales of cleaning products experienced a more significant increase of 3.4%, totaling NIS 1.34 billion, in anticipation of the holidays.
Overall, the Fast-Moving Consumer Goods (FMCG) market, encompassing food, beverages, toiletries, and household cleaning products, recorded a 2.4% increase in sales in the third quarter, amounting to NIS 16.8 billion. The price index for the broader FMCG market saw a minimal change of only 0.1%.
