F&B sales up 9.5% YoY in January to $829m

Online sales made up 29.1% of the total sales for the month.

Food and beverage (F&B) sales rose by 9.5% year-on-year (YoY) for the month of January 2022, the Department of Statistics Singapore reported.

Overall, the total sales value of F&B services for the month hit an estimated $829m, with online sales making up around 29.1%. This is higher than the 28.6% recorded in December 2021.

All industries within the sector recorded YoY growths in sales in January 2022. Food catering sales increased 47.0% YoY due to the low base last year when demand for catering was low. Turnover of restaurants, fast food outlets and cafes, food courts and other eating places increased 13.1%, 7.3%, and 3.4% YoY, respectively.

On a seasonally adjusted month-on-month basis, sales of restaurants declined 5.4% in January 2022 due in part to the higher base in December 2021 following the easing of dine-in restrictions in late November 2021. Similarly, turnover of cafes, food courts and other eating places fell 3.2% and 1.2% respectively. In contrast, sales of food caterers increased 2.0% during this period.

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Singapore Department of Statistics

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