Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,510 per ton in November 2023, picking up by 10% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in April 2023 an increase of 11% m-o-m. The export price peaked at $5,031 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Italy ($6,834 per ton), while the average price for exports to the United States ($2,209 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,442 per ton in November 2023, approximately mirroring the previous month. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 30% month-to-month. As a result, import price reached the peak level of $3,955 per ton. From June 2023 to November 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($8,033 per ton), while the price for the Netherlands ($2,391 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Spain (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany
After two years of decline, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses increased by 0.3% to 54K tons in 2022. In general, exports, however, showed a abrupt decrease.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell modestly to $210M in 2022. Over the period under review, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2021 with an increase of 2% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 58.9 | 43.1 | 42.8 | 41.2 | -11.2% |
| Austria | 20.6 | 20.7 | 22.3 | 23.1 | 3.9% |
| Italy | 13.7 | 11.4 | 19.3 | 20.7 | 14.7% |
| France | 36.7 | 35.2 | 22.3 | 15.7 | -24.7% |
| Czech Republic | 9.1 | 11.1 | 13.3 | 13.4 | 13.8% |
| Poland | 10.9 | 12.8 | 13.4 | 13.4 | 7.1% |
| Hungary | 8.0 | 9.1 | 12.1 | 11.3 | 12.2% |
| Switzerland | 8.2 | 9.2 | 11.0 | 11.0 | 10.3% |
| Belgium | 11.0 | 11.4 | 10.0 | 10.9 | -0.3% |
| United Kingdom | 10.7 | 9.6 | 9.2 | 9.0 | -5.6% |
| Romania | 0.7 | 0.9 | 4.0 | 6.7 | 112.3% |
| Sweden | 3.7 | 4.4 | 4.4 | 4.5 | 6.7% |
| United States | 2.3 | 5.3 | 4.1 | 3.8 | 18.2% |
| Others | 27.5 | 29.5 | 29.8 | 25.2 | -2.9% |
| Total | 222 | 214 | 218 | 210 | -1.8% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Germany in 2022:
- Netherlands (11.4K tons)
- Austria (5.8K tons)
- Italy (4.2K tons)
- Czech Republic (3.8K tons)
- France (3.4K tons)
- Poland (3.3K tons)
- Hungary (3.0K tons)
- Belgium (2.7K tons)
- United Kingdom (2.6K tons)
- Romania (2.4K tons)
- Switzerland (2.1K tons)
- United States (2.0K tons)
- Sweden (1.0K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany
In 2022, approx. 71K tons of soups and broths and preparations therefor; homogenised composite food preparationses were imported into Germany; remaining stable against 2021 figures. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 12%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses reached $206M in 2022. The total import value increased at an average annual rate of +7.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19%. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 39.2 | 40.7 | 43.9 | 43.8 | 3.8% |
| Italy | 25.8 | 25.8 | 30.8 | 34.5 | 10.2% |
| Austria | 11.4 | 20.3 | 30.5 | 33.0 | 42.5% |
| Hungary | 20.8 | 22.5 | 27.3 | 23.3 | 3.9% |
| Switzerland | 18.3 | 11.6 | 12.7 | 12.6 | -11.7% |
| France | 10.0 | 11.1 | 10.2 | 10.4 | 1.3% |
| Czech Republic | 4.5 | 5.4 | 6.5 | 9.6 | 28.7% |
| Turkey | 5.1 | 4.9 | 4.6 | 6.6 | 9.0% |
| Belgium | 8.4 | 8.9 | 12.8 | 5.9 | -11.1% |
| Poland | 5.2 | 4.7 | 5.5 | 5.4 | 1.3% |
| Spain | 0.7 | 1.5 | 2.4 | 4.0 | 78.8% |
| Others | 15.2 | 13.1 | 16.5 | 17.3 | 4.4% |
| Total | 165 | 170 | 204 | 206 | 7.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Germany in 2022:
- Netherlands (24.0K tons)
- Italy (10.5K tons)
- Austria (9.0K tons)
- Hungary (7.2K tons)
- Switzerland (2.8K tons)
- Czech Republic (2.7K tons)
- Spain (2.3K tons)
- Turkey (2.2K tons)
- Belgium (2.2K tons)
- France (1.7K tons)
- Poland (1.5K tons)
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