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During 2021, the Colombian retail sector recovered and grew, following a challenging year caused by the COVID-19 pandemic. Looking ahead, the sector’s growth is uncertain due to high food prices and a new administration that will assume power in August 2022.

According to the Department of Statistics, Malaysia’s food and beverage sales contributed 11.8 percent ($1.7 billion) to total wholesale sales value of $14 billion for January-April 2022, with a growth of 11.5 percent over the same period last year. The country’s food retailers continue to rapidly develop, and premium grocery stores and convenience outlets are increasingly popular.