Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,863 per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average import price increased by 53% against the previous year. As a result, import price reached the peak level of $4,097 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($4,082 per ton), while the price for India ($1,990 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $7,173 per ton, rising by 8.3% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2016 when the average export price increased by 92% against the previous year. Over the period under review, the average export prices hit record highs at $7,228 per ton in 2020; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($12,448 per ton), while the average price for exports to Italy ($2,083 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh
After three years of growth, purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -31.3% to 650 tons in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 167%. As a result, imports reached the peak of 946 tons, and then shrank sharply in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses shrank notably to $1.9M in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 173%. As a result, imports attained the peak of $2.7M, and then reduced markedly in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 346 | 792 | 1,230 | 820 | 33.3% |
| India | 211 | 119 | 100 | 90.0 | -24.7% |
| Thailand | 28.0 | 6.2 | 35.0 | 47.3 | 19.1% |
| Saudi Arabia | N/A | 3.5 | 23.1 | N/A | 560.0% |
| Others | 441 | 76.9 | 1,336 | 904 | 27.0% |
| Total | 1,026 | 997 | 2,725 | 1,861 | 22.0% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Bangladesh in 2022:
- Malaysia (288.1 tons)
- India (45.2 tons)
- Thailand (11.6 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh
In 2022, after three years of growth, there was significant decline in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, when their volume decreased by -17.9% to 40 tons. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 40%. As a result, the exports reached the peak of 49 tons, and then fell dramatically in the following year.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell to $289K in 2022. Over the period under review, exports, however, showed a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 131%.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 76.6 | 207 | 157 | 251 | 48.5% |
| Australia | 10.4 | 16.7 | 29.2 | 16.4 | 16.4% |
| Canada | 11.2 | 15.4 | 37.4 | 11.7 | 1.5% |
| United Kingdom | 1.2 | N/A | 28.3 | 2.2 | 22.4% |
| Italy | N/A | 3.7 | 1.8 | 1.3 | -40.7% |
| Cabo Verde | 3.9 | N/A | N/A | N/A | 0% |
| France | N/A | N/A | 30.6 | N/A | 0% |
| Saudi Arabia | N/A | 4.6 | N/A | N/A | 0% |
| Others | 6.3 | 5.7 | 40.7 | 6.2 | -0.5% |
| Total | 109 | 253 | 325 | 289 | 38.4% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Bangladesh in 2022:
- United States (29.5 tons)
- Australia (7.2 tons)
- Canada (0.9 tons)
- United Kingdom (0.8 tons)
- Italy (0.6 tons)
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