Ethnic Grocery Store in Stavanger: A Comprehensive Overview

Industry Overview

The ethnic grocery store industry in Stavanger is a dynamic sector with 5 registered companies in the municipality. In recent years, the industry has shown strong growth in sales and number of employees, peaking in 2024 before a decline in 2025. The EBITDA margin stands at 7 %, and the gross profit margin is 61 %, indicating good financial health for the most successful companies. The industry is particularly active in Stavanger, with companies distributed across different parts of the city.

Key Figures

• Number of companies: 5
• Sales in 2024: NOK 154,0M
• Number of employees in 2024: 68
• EBITDA margin: 7 %
• Gross profit margin: 61 %

The industry has shown strong sales growth over the past few years, increasing from NOK 36,0M in 2016 to NOK 154,0M in 2024. There was a decline in 2025, but it remains at a higher level than in previous years. The number of employees has increased from 39 in 2016 to 68 in 2024, before declining to 52 in 2026. The EBITDA margin has remained stable at 7 %, and the gross profit margin has been 61 %.

Annual Development

In Stavanger, the following companies are registered in the ethnic grocery store industry:

1. Internasjonal Matsenter As Avd Stavanger (Støperigata 15) – AS, 24 employees, sales NOK 137,9M, EBITDA NOK 10,3M
2. Wolt Market Stavanger (Tanke Svilands gate 73) – AS, 14 employees, sales NOK 0
3. Internasjonal Matsenter As Avd Hillevåg (Gartnerveien 25) – AS, 9 employees, sales NOK 33,4M, EBITDA NOK 2,5M
4. Roi Et Thai Market As (Brødregata 8) – AS, 4 employees, sales NOK 5,5M, EBITDA NOK 22,0K
5. Port Of Spice By Justin Smith (Krokhallet 3B) – ENK, 0 employees, sales NOK 0

Organizational Form

• AS: 4 companies, 51 employees, sales NOK 176,8M, EBITDA NOK 12,8M

All companies in the industry are registered in Stavanger, with the following address distribution:

• Stavanger: 4 companies, 51 employees, sales NOK 176,8M, EBITDA NOK 12,8M

Distribution by Neighborhood

• Stavanger City Center: 2 companies
• Hillevåg: 1 company
• Brødregata: 1 company
• Krokhallet: 1 company

The industry has shown stable development over the past few years, with no bankruptcy registrations among the companies. However, there is significant variation in performance between companies. For example, Roi Et Thai Market As has a very low EBITDA margin of 0 %, while Internasjonal Matsenter As has a higher margin of 7 %. This shows that it is possible to achieve good results in the industry, but there are also challenges for smaller companies.

Outlook for Entrepreneurs

The industry shows potential for growth, especially with the increased demand for international food products in Stavanger. It is possible to establish new companies in the industry, but it is important to be aware of the performance variations. Companies such as Internasjonal Matsenter As have demonstrated good financial health, which can be a good example for new entrepreneurs. It is also possible to find locations in Stavanger where there is high demand for such stores.

The services sector in Stavanger has shown stable development over the past few years, with an increase in sales from NOK 4892,2M in 2016 to NOK 6312,9M in 2024. The number of employees has increased from 2637 in 2016 to 2743 in 2026. The EBITDA margin for the services sector stands at 7 %, which is the same as the ethnic grocery store industry. However, there is significant variation in performance between companies in the services sector, with companies such as Madla Handelslag Sa Avd 10 S Varehus and Coop Økonom Sa Avd Obs Mariero having higher sales and EBITDA than most companies in the ethnic grocery store industry.

The ethnic grocery store industry in Stavanger shows potential for growth and development, with good financial results for the most successful companies. It is possible to find locations in Stavanger where there is high demand for such stores, and it is possible to establish new companies in the industry. SmartGrunder can help entrepreneurs find locations in Stavanger where there is high demand for ethnic grocery store companies.