The Malta Independent 26 February 2024, Monday
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Maltese spend €611m on food in 2012

Malta Independent Tuesday, 15 October 2013, 11:13 Last update: about 11 years ago

Last year, ?nal household consumption expenditure on food in the domestic market was estimated at €611 million, the NSO said.

On the occasion of World Food Day (16 October) the NSO is publishing a set of ?gures relating to the food sector in Malta, with a focus on the economic aspects of consumption.  This year, the Day’s theme devised by the United Nations is: “Sustainable Food Systems for Food Security and Nutrition”.

In 2012, food expenditure was estimated at €611 million, a decline of 2.2 per cent over 2011.  The share of household expenditure on food was estimated at 12.8 per cent of total private ?nal expenditure in the domestic market in 2012. 

In 2012, there was a decrease in household spending on most food items, ranging from a 0.2 per cent decline in expenditure on vegetables, to a 10.1 per cent drop in respect of fruit when compared to 2011.  On the other hand, increases of 9.2 per cent were registered in household expenditure on ?sh and of 3.2 per cent on sugar, jam, honey, chocolate and confectionery.

Last year, food in?ation measured on the basis of the 12-month moving average rate was 4.7 per cent, while the annual rate was 6.0 per cent. Food prices were higher, mainly in respect of sugar, vegetables, eggs, ?sh and meat.  Indices of food prices by item are shown in Table 2.

Latest ?gures for 2012 put the value of imported foodstuffs at €496 million, an increase of 15.0 per cent when compared to 2011.  An increase was recorded in most food products, mainly ?sh (+80.2 per cent) and cereals (+30.2 per cent).  Malta’s food exports advanced by 38.4 per cent to an estimated value of €180 million when compared to 2011.  This was mainly due to an increase in the exports of ? sh and cereals, by 181.8 and 150.9 per cent respectively.

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