Food sales in Israel in 2005 rose by 1.2% in real terms to NIS43bn (US$934.78m), according to Roni Kobrovsky, chairman of the Food Division at the Manufacturers Association of Israel.
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Kobrovsky, president of the Central Bottling Company (Coca Cola Israel), added that food exports in 2005 rose by 14.2% to US$683m, and the import of food products was up 6.5% reaching US$1.05bln, creating a food import/export deficit of US$365m.
He estimated that in 2006, food sales on the local market will rise by 3% to NIS42bn, and the export of food products in 2006 will rise by 7%, to US$730m.
The food industry now employs a total number of nearly 57,000 people. Food processors invested NIS893m in importing new equipment, a record sum for the decade. Kobrovsky added that manufacturers introduced some 3,000 new products in 2005, mostly so-called “health” foods, a category in which the industry invested NIS350m.
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