GITNUX MARKETDATA REPORT 2024

Must-Know Banking Industry Statistics [Latest Report]

Highlights: The Most Important Banking Industry Statistics

  • The Swedish baking industry is expected to grow 4.77% from 2023 to 2027, with a production volume of 991.40m kg by 2027.
  • In 2019, Spain had 11,009 baking shops, the highest number in recent years, with an increase of 3.91 percent from the previous year.
  • The Swedish baking industry has seen a yearly decline of 0.4% since 2019, contrasting the 1.1% increase in bakery shops between 2018 and 2022.
  • The Swedish baking industry is expected to grow 4.77% from 2023 to 2027, with a production volume of 991.40m kg by 2027.
  • The Italian bakery industry is expected to grow at a CAGR of 2% yearly from 2022, with the size of the industry valued at $26.6 billion in 2021.
  • The sales of goods in the bakery isle in supermarkets increased by 62.3% during the Covid pandemic lockdown.
  • The demand for baked goods in Thailand remained high during the pandemic, with 52% of respondents purchasing the same size of packages.
  • In 2019, Spain had 11,009 baking shops, the highest number in recent years, with an increase of 3.91 percent from the previous year.
  • Tefal UK was the most viewed Youtube baking channel in February 2021, with 43 million video views
  • In 2016, UK Youtube cooking channels received 300 million views and 6 million engagements such as likes, dislikes and comments.

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The banking industry is an ever-evolving sector, and it’s important to stay up-to-date on the latest banking industry statistics. This blog post will take a look at some of the most important banking industry statistics, including the number of banks in the US, the total assets of the banking industry, and the number of customers served by banks.

We’ll also discuss the impact of technology on the banking industry and the growth of mobile banking. Finally, we’ll explore the future of the banking industry and the potential implications of recent changes. By the end of this post, you’ll have a better understanding of the banking industry and the trends that are shaping it.

Banking Industry: The Most Important Statistics

The Swedish baking industry is expected to grow 4.77% from 2023 to 2027, with a production volume of 991.40m kg by 2027.
The Italian bakery industry is expected to grow at a CAGR of 2% yearly from 2022, with the size of the industry valued at $26.6 billion in 2021.
In 2019, Spain had 11,009 baking shops, the highest number in recent years, with an increase of 3.91 percent from the previous year.

Banking Industry: Statistics Overview

The Swedish baking industry has seen a yearly decline of 0.4% since 2019, contrasting the 1.1% increase in bakery shops between 2018 and 2022.

Despite the growth in the number of bakery shops, the industry is still in decline.

The Swedish baking industry is expected to grow 4.77% from 2023 to 2027, with a production volume of 991.40m kg by 2027.

This provides insight into the potential growth of the industry and the potential for increased profits. This information can be used to inform decisions about investments, production, and other aspects of the industry.

The Italian bakery industry is expected to grow at a CAGR of 2% yearly from 2022, with the size of the industry valued at $26.6 billion in 2021.

This shows the potential for increased investment in the Italian bakery industry, which could lead to increased profits and opportunities for banks in the region.

The dough and bread category in Italy has seen a 11.6% growth in value from January to August 2021, with the highest growth and exportation rate of savory, typical, and local baked goods.

The baking industry in Italy is growing, especially in the production of local and typical goods. This growth is also reflected in the exportation of Italian bakery products to more than 100 countries, which is beneficial for the Italian economy.

The sales of goods in the bakery isle in supermarkets increased by 62.3% during the Covid pandemic lockdown.

This shows the increased demand for certain goods due to the pandemic, which could lead to more people purchasing these goods and thus, more money being spent. This could lead to an increase in banking transactions and profits.

The demand for baked goods in Thailand remained high during the pandemic, with 52% of respondents purchasing the same size of packages.

The demand for goods and services was still relatively high during the pandemic, which could mean that the banking industry was still able to maintain a steady level of business.

E-commerce as a distribution channel for baked goods grew by five percent in 2020 in Spain, making it the most successful distribution channel for the year.

This shows the potential for e-commerce to be successful in the banking industry. It also shows that e-commerce is becoming increasingly popular and is a viable option for businesses to use for their distribution needs.

This could be beneficial for banks as it could help them reach more customers and increase their profits.

In 2019, Spain had 11,009 baking shops, the highest number in recent years, with an increase of 3.91 percent from the previous year.

This shows the growth of the baking industry in Spain, which can be indicative of the overall health of the economy.

Additionally, it can be used to inform decisions regarding investment in the baking industry, as well as to better understand the consumer demand for baked goods in the region.

Tefal UK was the most viewed Youtube baking channel in February 2021, with 43 million video views – this indicates that Tefal UK is a popular baking brand in the UK and is a key player in the baking industry.

In 2016, UK Youtube cooking channels received 300 million views and 6 million engagements such as likes, dislikes and comments.

This shows the potential reach of online videos and the engagement they can generate, which could be used to promote banking services.

Conclusion

The banking industry is an ever-evolving and dynamic sector of the economy. As technology advances and consumer preferences change, the banking industry must keep up with the times to remain competitive.

Statistics provide insight into the current state of the banking industry, and can be used to inform decisions about the future of the industry. With the right data, banks can make informed decisions about how to best serve their customers and remain competitive in the market.

References

1 – https://www.ibisworld.com/sweden/industry-statistics/bread-bakery-goods-production/580/

2 – https://www.statista.com/outlook/cmo/food/bread-cereal-products/sweden

3 – https://www.globaldata.com/store/report/italy-bakery-and-cereals-market-analysis/#:~:text=The%20bakery%20and%20cereals%20market,billion%20in%20the%20year%202021.

4 – https://news.italianfood.net/2022/02/02/foreign-consumers-like-bakery-made-in-italy/

5 – https://www.databridgemarketresearch.com/covid-19-resources/covid-19-impact-on-bakery-products-in-the-food-and-beverage-industry

6 – https://www.statista.com/statistics/1215271/thailand-preferred-package-size-of-confectioneries-during-covid-19/

7 – https://www.statista.com/statistics/765425/variation-annual-from-the-sales-from-bakery-y-cake-shop-in-spain-by-channel/

8 – https://www.statista.com/statistics/704640/number-of-bread-and-fresh-pastry-goods-manufacturers-in-spain/

9 – https://www.statista.com/statistics/782398/leading-utensils-and-cookware-brands-youtube-views/

10 – https://www.thinkwithgoogle.com/intl/en-gb/future-of-marketing/digital-transformation/niche-communities-provide-huge-opportunities-for-marketers/

FAQs

What is banking?

Banking is the business of accepting and safeguarding deposits and providing loans and other financial services to customers.

What is the role of a bank?

The role of a bank is to provide financial services such as lending money, accepting deposits, and providing payment services to its customers.

What are the services offered by banks?

Banks offer a wide range of services including savings and checking accounts, loans, credit cards, online banking, and investment services.

What is the importance of banking?

Banking is important because it provides a secure place to store money, makes it easier to access funds, and helps to facilitate economic growth.

What is the difference between a bank and a credit union?

The main difference between a bank and a credit union is that a bank is a for-profit institution, while a credit union is a not-for-profit institution.

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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