Food industry worth £96.1bn to UK economy

  • Print
  • Share
  • Comment
  • Save

The food industry is showing resilience in the economic downturn, with the agri-food sector contributing £96.1bn a year to the economy in the latest government figures.

The sector contributed £96.1bn, or 7.3%, of national Gross Value Added (GVA) in 2011, the most recent year for which figures are available. This was an increase of 7.8% on 2010.

The figures were revealed yesterday in an update to Defra’s annual Food Statistics Pocketbook (PDF), which provides a roundup of stats, including data on supply chain, environment, food prices and dietary health.

The 86-page report found the food and drink manufacturing sector was the highest contributor to GVA across the food sector in 2011, at £26.4bn (27%), closely followed by the food and drink retailing sector, which contributed £26.1bn (27%) and the non-residential catering sector, which contributed £25.2bn (26%). The report shows growth within the non-residential catering sector to be the highest, at 14.6%.

The Food Statistics Pocketbook also indicates that in 2011, the average UK household spent 11.3% of its income on food. Meanwhile, households on the lowest 20% of income spent 16.6% of income on food. This figure was up from 15.8% in 2010.

Food prices remained a major worry among consumers, with 63% citing cost as their main issue of food concern. Despite this, however, food prices remained largely unchanged in real terms between 2010 and 2012, after a rise in 2008-9.

Have your say

Please add your comment. Remember that submission of comments is governed by our Terms and Conditions. You can include links, but HTML is not permitted.

Mandatory
Mandatory
Mandatory
Mandatory
  • Print
  • Share
  • Comment
  • Save

Grocer jobs Experts in FMCG

Search jobs
Sign in

Newsletter sign-up

I wish to receive the following newsletters:

Subscriber only alerts:

DIRECTORY

The+Grocer+Directory

CLICK HERE to search for the products, services and companies you need in the definitive guide to the UK food and drink industry.

FOLLOW THE GROCER

The Grocer's commentators and opinion makers