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Q2 2020: Considerable decrease in production, turnover, slightly lower retail trade – and a stable trade performance

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Considerable decrease in production, turnover and a marginal dip in manufacturing prices

  • In Q2 2020, EU food and drink industry production decreased by 9.6% compared to the previous quarter.
  • EU food and drink industry turnover decreased by 10.1% compared to the previous quarter.
  • The year-on-year comparison shows that the decline in food and drink industry production was much lower compared to total manufacturing production (-9.1% vs. -20.7% compared to Q2 2019). A similar trend was observed for the year-on-year development in food and drink industry turnover compared to total manufacturing (-6.6% vs. -22.9% compared to Q2 2019). 
  • Food manufacturing prices decreased by 0.6% in Q2 2020 and were up by 1.6% compared to Q2 2019.

Lower industry employment

  • In Q2 2020, employment in food manufacturing decreased compared to the previous quarter and to a lesser extent than in total manufacturing (-1.2% vs. ‑1.6%).
  • Year-on-year, employment levels in the food and drink industry decreased as well, but to a lesser extent than for total manufacturing (Q2 2020/Q2 2019: -1.6%, -2.1%, -2.5%).

EU exports totalled €34 billion

  • EU exports of food and drinks totalled €34 billion in Q2 2020 (Q2 2020/Q2 2019: -1.4%).
  • The trade balance reached a surplus of €15.2 billion (Q2 2020/Q2 2019: +3.7%).
  • The top 5 products with the largest share in export value generated €16.9 billion in Q2 2020 (meat products, dairy products, wine, processed fruits and vegetables, and oils and fats).
  • EU imports of food and drinks reached €18.8 billion (Q2 2020/Q2 2019: -5.1%).

FIND OUT MORE > FoodDrinkEurope Economic Bulletin Q2 2020 graphs tables

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