top of page

Food Decoded | Overview of July's Revenue in the Food and Beverage Industry

New Open | 顧問專欄                                                               圖片 | 經濟部統計處

 
經濟部統計處 ,餐飲業
來源 | 經濟部統計處 - 餐飲業7月份營業額概況

1. Revenue and Annual Growth Rate of the Food and Beverage Industry


Total Revenue:

The total revenue for January to July 2024 amounted to 600.8 billion NTD, marking a 3.9% increase compared to the same period last year. This indicates stable growth in the food and beverage industry during the first half of 2024.


Monthly Breakdown:

Revenue in January was relatively low, with a 7.9% decrease compared to the same period last year. This decline might be associated with seasonal factors or other economic changes. February saw a significant increase of 20.7%. From March to June, monthly revenues continued to grow, with growth rates ranging between 0.7% and 10.5%. Last month (July), revenue slightly decreased by 2.9% compared to June.


Performance of Sub-Sectors:

  1. Restaurants: The total revenue for January to July 2024 was 486.7 billion NTD, reflecting a 2.9% increase. Although the growth rate is stable, it is slightly lower compared to last year.

  2. Beverage Stores: The revenue for January to July 2024 was 77 billion NTD, with a 4.9% increase, indicating strong performance in the beverage store market.

  3. Catering and Contract Meal Services: This sub-sector generated 37.1 billion NTD in revenue, growing by 16%, making it the most significant growth among all sub-sectors.

Overall, the food and beverage industry maintained a growth trend in the first half of 2024, although the growth rate slowed down, particularly in July. There are variations in the performance of different sub-sectors, with catering and contract meal services showing the strongest performance.


經濟部統計處 ,餐飲業
來源 | 經濟部統計處 - 餐飲業7月份營業額概況

2. Consumer Price Index (CPI)

The 2024 CPI should have been based on the 2021 household consumption structure, but due to significant changes caused by the COVID-19 pandemic, a different approach was taken. Considering that consumer behavior gradually returned to normal starting from the third quarter of 2022, the 2024 CPI weightings are based on the average consumption structure from 2019 to 2021, using data from the fourth quarter of 2022 to the third quarter of 2023.


1. Overall Price Index


From November 2022 to January 2024:

The overall index slightly decreased from 106.62 to 106.59, indicating minimal changes in overall prices.

February 2024:

The index rose significantly to 107.26, likely due to the impact of holidays or other short-term factors, leading to an increase in prices.

From March to April 2024:

The index slightly fell to 106.56, then rebounded to 107.15 in April, reflecting some price volatility during this period.

From May to July 2024:

The overall index continued to rise, from 107.38 to 107.91, indicating sustained price growth during this period.


2. Food Category Index Analysis:


From November 2022 to January 2024:

The food category index fell from 112.87 to 112.24, indicating a decline in food prices during this period.

From February to April 2024:

The index continued to drop, reaching its lowest point of 111.51 in April, possibly due to changes in supply or demand.

From May to July 2024:

The food price index rose from 112.78 to 113.11, showing that food prices began to increase during this period.


Utilize big data analysis to accurately capture market demand and effectively tailor your marketing strategies with precise openings!

Feel free to fill out the form to contact us!


 
1 view

Comentários


bottom of page