
Germany - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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Germany's Soup and Broth Market Is Estimated at $576M in 2018
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IndexBox has just published a new report: 'Germany - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
The revenue of the soups market in Germany amounted to $X in 2018, falling by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, soups consumption continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 when the market value increased by X% y-o-y. Over the period under review, the soups market reached its maximum level at $X in 2008; however, from 2009 to 2018, consumption failed to regain its momentum.
Market Forecast 2019-2025 in Germany
Driven by rising demand for soups in Germany, the market is expected to start an upward consumption trend over the next seven-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +X% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to X tonnes by the end of 2025.
Production in Germany
Soups production in Germany totaled X tonnes in 2018, leveling off at the previous year. In general, soups production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Over the period under review, soups production reached its maximum volume at X tonnes in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.
In value terms, soups production amounted to $X in 2018 estimated in export prices. Overall, soups production, however, continues to indicate a drastic descent. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. Soups production peaked at $X in 2008; however, from 2009 to 2018, production failed to regain its momentum.
Exports from Germany
In 2018, approx. X tonnes of soups and broths were exported from Germany; picking up by X% against the previous year. In general, soups exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% year-to-year. In that year, soups exports attained their peak of X tonnes. From 2014 to 2018, the growth of soups exports failed to regain its momentum.
In value terms, soups exports stood at $X (IndexBox estimates) in 2018. In general, soups exports continue to indicate a mild contraction. The growth pace was the most rapid in 2011 with an increase of X% year-to-year. Exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.
Exports by Country
The Netherlands (X tonnes), France (X tonnes) and Poland (X tonnes) were the main destinations of soups exports from Germany, with a combined X% share of total exports. These countries were followed by Belgium, Austria, the UK, Spain, the U.S. and Switzerland, which together accounted for a further X%.
From 2008 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the U.S., while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for soups exported from Germany were the Netherlands ($X), France ($X) and Poland ($X), with a combined X% share of total exports.
Poland recorded the highest growth rate of exports, in terms of the main countries of destination over the last decade, while the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2018, the average soups export price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the soups export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2009 when the average export price increased by X% against the previous year. In that year, the average export prices for soups and broths reached their peak level of $X per tonne. From 2010 to 2018, the growth in terms of the average export prices for soups and broths failed to regain its momentum.
Prices varied noticeably by the country of destination; the country with the highest price was Switzerland ($X per tonne), while the average price for exports to the U.S. ($X per tonne) was amongst the lowest.
From 2008 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.
Imports into Germany
In 2018, the amount of soups and broths imported into Germany amounted to X tonnes, declining by -X% against the previous year. In general, soups imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Over the period under review, soups imports attained their maximum at X tonnes in 2013; however, from 2014 to 2018, imports remained at a lower figure.
In value terms, soups imports totaled $X (IndexBox estimates) in 2018. Overall, the total imports indicated a slight expansion from 2008 to 2018: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soups imports increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Over the period under review, soups imports reached their peak figure at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.
Imports by Country
In 2018, the Netherlands (X tonnes) constituted the largest supplier of soups to Germany, with a X% share of total imports. Moreover, soups imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Switzerland (X tonnes), threefold. The third position in this ranking was occupied by Hungary (X tonnes), with a X% share.
From 2008 to 2018, the average annual rate of growth in terms of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-X% per year) and Hungary (+X% per year).
In value terms, the Netherlands ($X), Hungary ($X) and Switzerland ($X) were the largest soups suppliers to Germany, together accounting for X% of total imports. These countries were followed by Belgium, the Czech Republic, Austria, Italy, Poland, Turkey, Thailand, France and China, which together accounted for a further X%.
In terms of the main suppliers, the Czech Republic experienced the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2018, the average soups import price amounted to $X per tonne, standing approx. at the previous year. Over the period under review, the soups import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 an increase of X% against the previous year. In that year, the average import prices for soups and broths attained their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average import prices for soups and broths remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Czech Republic ($X per tonne), while the price for China ($X per tonne) was amongst the lowest.
From 2008 to 2018, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the soups market in Germany. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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