Food industry sales prices rise further

Domestic output prices in the food industry rose by 11.7 percent in September 2021. This is almost double the price increases realised abroad (+6.8 percent). Sectors in the food industry where domestic output prices rose more than foreign output prices include the fish processing industry (5.3 percent increase domestically and 2.5 percent abroad), the slaughterhouses and meat products industry (+15.4 percent versus +8.7 percent) and the flour industry (+4.1 percent versus +0.2 percent). This is evident from an analysis of recent CBS figures by our editors.

Compared to last year

Output prices of the Dutch food industry rose by 9.2 percent in September this year compared to September last year. The record price level of August was thus 0.6 percent higher. On average, domestic selling prices rose more than foreign selling prices. Output prices of Dutch manufacturing as a whole were 17.1 percent higher in September than in September 2020 (mainly due to a sharp rise in oil prices). Of the 32 manufacturing subsectors identified by Statistics Netherlands, six experienced a higher increase in selling prices than the food industry. 

All branches of food industry more expensive

Output prices rose in all branches of the food industry in September. The highest price increases were recorded in the food oils and fats industry (+30.2 percent), the animal feed industry (+15.4 percent) and the slaughterhouses and meat products industry (+11.6 percent). Limited increases in output prices were seen in the fruit and vegetable processing industry (+0.9 percent), the bread and pasta industry (+1.0 percent), the flour industry (+1.7 percent) and the fish processing industry (+2.9 percent). 

Petroleum industry leader in sales price increase

Due to considerably higher oil prices, selling prices in the petroleum industry rose by no less than 81.3 percent in September compared with September last year. The chemical industry also calculated the higher oil prices into their sales prices (+36.7 percent). Other manufacturing subsectors that increased their output prices more than the food industry in September are the basic metal industry (+40.6 percent), the wood industry (+19.3 percent), the paper industry (+15.5 percent) and the rubber and plastic products industry (+11.3 percent).