Exports to continue boosting food sales for Polish companies

In the coming years, the revenue generated by Polish companies from foreign sales is expected to increase.

BGZ Bank experts agree that regardless of the current problems of Polish food exports as a consequence of the crisis in Ukraine, the expansion to foreign markets seems to be the most promising channel for their distribution. In their view, this has to do with the gradual saturation of the domestic market and the expected strong increase in demand for food in other parts of the world.

In previous years, overseas sales have been one of the main drivers of Polish food companies. The latest report of the BGZ Bank prepared in cooperation with the School of Agriculture shows that from 1995 to 2013 the average value of agri-food exports, expressed in dollars, grew by 14.1 percent. Meanwhile, retail sales of food and beverages at domestic level increased during this period by an average of 6.7 percent.
 
This year, the scale of growth of exports of food and agricultural products could slow down, according to analysts of BGZ Bank, with the embargo imposed by Russia in August, as well as the reduction in fruit and vegetable prices, having the most impact.

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