Germany: Food Service - Hotel Restaurant Institutional Annual

With more than 84 million of the world’s wealthiest consumers, Germany is the largest market for food and agricultural products in the European Union. The German market offers good opportunities for U.S. exporters of consumer-oriented food and agriculture products, particularly nuts, fish and seafood products, dried fruits, bakery products, and pulses. The HRI sector is one of the sectors of Germany’s economy that was hardest hit by the COVID-19 pandemic. Despite the end of COVID-19 restrictions, the sector’s real turnover is still 10.8 percent below what it was in 2019, the last year before the pandemic hit, largely due to higher energy prices as well as rising costs for raw materials and personnel.