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In the last five years the share of farmers markets in retail trade has dropped from 2.7% to 1.5%
- Tuesday, January 8, 13:55
Farmers markets in Armenia are being actively replaced by supermarkets. As a result, in the last five years their share in retail trade has dropped from 2.7% to 1.5%.
In Jan-Nov 2012 trade turnover at farmers markets made up 16.9bln AMD or $42.1mln (17.5% drop as compared with Jan-Nov 2011) against 746.3bln AMD or $1.9bln in shops, including supermarkets (3.9% growth). In Nov 2012 the share of shops in retail trade was 65.5% against 53.1% in Nov 2011.
In Jan-Nov 2012 domestic trade in Armenia grew by 3.4% to 1.84tln AMD or $4.5bln. 34.1% or 630bln AMD ($1.6bln) was wholesale trade (4.7% annual growth), 4.2% or 77bln AMD ($191.8mln) trade in cars (11.3% growth). 61.7% of domestic trade or 1.14tln AMD ($2.8bln) was retail trade. The share of commodity markets in retail trade was 8.7% or 98.9bln AMD (4.5% annual drop), the share of stalls 3.1% or 35.9bln AMD (13.6% drop).
As of Jan 1 2012 there were 13,600 stores in Armenia. 9,200 of them were located in Yerevan, ensuring 90% of total retail trade. As of the same date, there were 30 farmers markets in Armenia: 11 of them in Yerevan, with 80% of total trade.