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UK Chip Market Sees Volume Decrease

December 17, 2022: 12:00 AM EST
While the value of the U.K. chip market grew over the full-year period to September, volume has declined. Branded volumes fell 6.5 percent, with only eight of the top 25 brands experiencing volume growth. The declining volumes can partly be explained by the end of lockdown-driven stockpiling and more snacks being eaten in pubs and cafés. Price rises are also responsible - the average price per kilo of branded crisps, nuts and popcorn is up 14.4 percent. Much of this comes down to rising input costs. Russia’s invasion of Ukraine has increased the prices of cooking oil and energy while the exceptionally warm, dry summer has affected crop growth and driven up the cost of potatoes. 
Harry Holmes, "Bagged snacks 2022: Crisps hit by rising costs before HFSS", The Grocer UK, December 17, 2022, © William Reed Ltd
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