Ethnic Grocery Store Industry in Molde: A Comprehensive Analysis

Sales Development:

• 2019: NOK 8.3 million (start of a growth period)
• 2020: NOK 9.8 million (+17.5% annual)
• 2021: NOK 5.6 million (-43.2% annual)
• 2022: NOK 3.7 million (-32.9% annual)

Employees:

• 2019: 9 employees (start of a growth period)
• 2020: 11 employees (+22.2% annual)
• 2021: 6 employees (-45.5% annual)
• 2022: 5 employees (-16.7% annual)
• 2023: 5 employees (stagnation)
• 2024: 7 employees (+40.0% annual)
• 2025: 4 employees (-42.9% annual)

Sales and number of employees have been highly volatile between 2019–2025. There is a clear decline from 2020 to 2022, followed by a short increase in 2024 before a new decline in 2025. This indicates an uncertain market development with both growth periods and significant declines.

There are no publicly available data on specific companies in the ethnic grocery store industry in Molde. No organizational form is registered for companies in this industry in the municipality. This may indicate that the industry is small or that data is not publicly available. For basic information about companies in the industry, it is recommended to contact local authorities or industry statistics from Statistics Norway.

There are no detailed data on the geographic distribution of companies in the ethnic grocery store industry in Molde. To gain a better understanding of where the activity is concentrated, it is recommended to contact local authorities or industry statistics from Statistics Norway. This can provide a more precise overview of where companies in the industry are located in the municipality.

A number of companies with zero sales and zero employees are registered, which may indicate bankruptcy or inactivity. This may be a sign that the industry has faced challenges, such as economic downturns or competition from larger chains. It is important to note that this does not necessarily reflect a general decline in the industry, but may be an indicator of individual companies' challenges.

For founders considering starting an ethnic grocery store in Molde, it is important to be aware of the volatile sales development and the significant variations in the number of employees. Although there was a short increase in 2024, there has been a new decline in 2025. This may indicate an uncertain market development, but it may also present opportunities to fill a niche in the market. Founders should consider thoroughly analyzing local competitors and market needs before making decisions to start such a store.

The services sector in Molde has a much higher sales level compared to the ethnic grocery store industry. Sales in the services sector have been more stable, with growth from 2016 to 2018, followed by a decline in 2019 before new growth in 2020 and 2021. This shows that the services sector has a more stable development compared to the ethnic grocery store industry. This may be an important factor for founders considering starting a company in Molde, as the services sector can offer a more stable market opportunity.

The ethnic grocery store industry in Molde has been highly volatile between 2019–2025, with both growth periods and significant declines. There are no detailed data on specific companies in the industry, and no detailed data on the geographic distribution of companies in the industry. This may indicate that the industry is small or that data is not publicly available. For founders considering starting such a store in Molde, it is important to be aware of the volatile sales development and the significant variations in the number of employees. Founders should consider thoroughly analyzing local competitors and market needs before making decisions to start such a store.

The ethnic grocery store industry in Molde has been highly volatile between 2019–2025, with both growth periods and significant declines. There are no detailed data on specific companies in the industry, and no detailed data on the geographic distribution of companies in the industry. This may indicate that the industry is small or that data is not publicly available. For founders considering starting such a store in Molde, it is important to be aware of the volatile sales development and the significant variations in the number of employees. Founders should consider thoroughly analyzing local competitors and market needs before making decisions to start such a store.