DON’T MISS
IamExpat FairIamExpat Job BoardIamExpat Webinars
Newsletters
EXPAT INFO
CAREER
HOUSING
EDUCATION
LIFESTYLE
EXPAT SERVICES
NEWS & ARTICLES
Home
Expat Info
Dutch news & articles
Dutch supermarkets achieved record revenues in 2023
Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy

Dutch supermarkets achieved record revenues in 2023

Never miss a thing!Sign up for our weekly newsletters with important news stories, expat events and special offers.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy
or
follow us for regular updates:



Related Stories

Less people in the Netherlands are on low incomesLess people in the Netherlands are on low incomes
Report claims that cutting 30 percent ruling could damage Dutch economyReport claims that cutting 30 percent ruling could damage Dutch economy
Rabobank predicts modest growth for the Dutch economy in 2024Rabobank predicts modest growth for the Dutch economy in 2024
Delivery service Getir to cease operations in the NetherlandsDelivery service Getir to cease operations in the Netherlands
The Netherlands’ GDP surpasses 1 trillion euros for the first time The Netherlands’ GDP surpasses 1 trillion euros for the first time
Action and Ikea in the Netherlands are reducing their prices in 2024Action and Ikea in the Netherlands are reducing their prices in 2024
Most Dutch households will have more disposable income in 2024Most Dutch households will have more disposable income in 2024
Dutch business organisation calls for VAT to be abolished on repairsDutch business organisation calls for VAT to be abolished on repairs
For expats of all colours, shapes and sizes

Explore
Expat infoCareerHousingEducationLifestyleExpat servicesNews & articles
About us
IamExpat MediaAdvertisePost a jobContact usSitemap
More IamExpat
IamExpat Job BoardIamExpat HousingIamExpat FairsWebinarsNewsletters
Privacy
Terms of usePrivacy policyCookiesAvoiding scams

Never miss a thing!Sign up for expat events, news & offers, delivered once a week.
Keep me updated with exclusive offers from partner companies
By signing up, you agree that we may process your information in accordance with our privacy policy


© 2025 IamExpat Media B.V.
© 2025 IamExpat Media B.V.
Jan 18, 2024
Emily Proctor
Former Editor at IamExpat Media.Read more

Higher grocery prices pushed Dutch supermarket revenues to record highs in 2023, according to new data from the market research bureau NielsenIQ (NIQ). Dutch supermarkets’ combined revenue rose 8 percent throughout the last year, with companies turning over around 50 million euros. 

Price surges particularly prevalent in first half of 2023

The boost in supermarket revenues was not down to an increased volume of goods being sold, but rather the increase in the prices of supermarket products. In the first half of 2023, this was seen to be the strongest. 

In the first six months of the year, items such as sugar, bread and olive oil surged in price. This, combined with stores having to deal with rising energy bills, meant that additional costs were passed onto people's grocery bills throughout 2023. The increased cost of raw materials exacerbated by the Ukraine war also played a role in higher prices.

10 percent wage rise for staff also increased food prices

Another major factor in the increased price of supermarket goods was the increased cost of labour for supermarket chains. In June 2023, many supermarket staff saw their wages increase by around 10 percent, which played a key role in the higher cost of groceries.

“Supermarkets usually enter into long-term contracts and that means a fall in energy or raw material costs is not immediately noticeable in the pricing. It will play a role once the time comes to negotiate new contracts with providers,” NIQ researcher Marten Suurmeijer told RTL Nieuws.

The 10 percent increase in wages for staff, which came into effect in June last year, also played a part in the price hikes, Suurmeijer said. “You can take it as a given that those costs are also factored in,” he said.

Thumb image credit: Robert Hoetink / Shutterstock.com

By Emily Proctor