The report measures value sales, showing there was strong value sales growth across multiple continents—11 countries saw sales increase of at least 10.2% and only two countries (Hong Kong and Denmark) saw sales declines.

Value sales growth was particularly pronounced in Latin America, with eight countries experiencing increases of at least 10.2%, followed by two in the Asia-Pacific region and one in Europe.

“Notably, Argentina stood out with a remarkable 135% increase in convenience store value sales (compared to a 115% increase in unit prices), underscoring the resilience of the convenience channel in the face of extreme inflationary pressures,” noted Tracey Massey, NIQ’s chief operating officer.

While Q3 2023 exhibited overall strong growth, the growth was less robust than the previous quarter. Nineteen of the 31 countries reported weaker growth in Q3 compared to the previous quarter.

The 39-page report looks at overall sales by country, unit sales increase and unit price increases, in addition to a deeper dive singling out 5 “what’s hot” and 5 “what’s not” categories.

Some of the categories experiencing huge sales increases in specific countries may soon be coming to convenience stores across the world—or may already be gaining a foothold in markets focused on specific ethnic favorites. One example is Gel Dessert RTD, which saw sales surge more than 121% in Indonesia and can also be found in ethnic markets within a few miles of NACS’ Alexandria, Virginia, office, noted Jeff Lenard, NACS vice president of strategic industry initiatives.

Published quarterly by NIQ and National Association of Convenience Stores (NACS) since Q1 2022, the Global Convenience Store Industry Reports focused on global, regional and country-level views of the convenience channel. They were created to help convenience channels understand changing consumer dynamics, uncover the issues impacting consumers globally, showcase opportunities and challenges in the industry and contribute to a unified understanding of trends impacting individual trade areas for the global convenience store industry. The quarterly reports are available to NACS members only.

About NACS
The leading global trade association dedicated to advancing convenience and fuel retailing, National Association of Convenience Stores (NACS) advances the role of convenience stores as positive economic, social and philanthropic contributors to the communities they serve and is a trusted adviser to retailer and supplier members from more than 50 countries. The U.S. convenience store industry, with more than 152,000 stores nationwide selling fuel, food and merchandise, conducts 160 million transactions daily and had sales of $906.1 billion in 2022. For more information, visit www.Convenience.org. Follow NACS on LinkedIn, Twitter, Facebook and Instagram.

NACS Contact:
Jeff Lenard
V.P., Strategic Industry Initiatives
703-518-4272
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