Which Country Imports the Most Homogenized Composite Food Preparations in the World?
Other Food Products May 28, 2018
Global canned food imports amounted to 1.2M tonnes in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +3.8% from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2008, an increase of 14% year-to-year. Over the period under review, global canned food imports attained its maximum volume in 2016, and are likely to continue its growth in the immediate term.
In value terms, canned food imports stood at $2.9B in 2016. The total import value increased at an average annual rate of +2.5% over the period from 2007 to 2016; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. Global canned food import peaked of $3.2B in 2013; however, from 2014 to 2016, it failed to regain its strength.
Top Canned Food Importing Countries in the World
1. USA (262.6 million USD)
2. United Kingdom (206.0 million USD)
3. Mexico (205.4 million USD)
4. Canada (200.0 million USD)
5. France (153.7 million USD)
6. Germany (152.5 million USD)
7. Netherlands (131.6 million USD)
8. Belgium (88.5 million USD)
9. China, Hong Kong SAR (81.4 million USD)
10. Sweden (75.3 million USD)
11. Australia (54.0 million USD)
12. Mozambique (18.8 million USD)
Canned Food Imports By Country
In 2016, Mozambique (137K tonnes), followed by the U.S. (78K tonnes), Canada (72K tonnes), the UK (70K tonnes), Mexico (61K tonnes), and Germany (57K tonnes) were the key importers of canned food, together making up 40% of total imports. The following importers - the Netherlands (53K tonnes), France (46K tonnes), Belgium (43K tonnes), Australia (34K tonnes), Sweden (30K tonnes), and China, Hong Kong SAR (27K tonnes) together made up 20% of total imports.
From 2007 to 2016, the most notable growth rate of canned food imports, among the main importing countries, was attained by Mozambique (+62.6% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the U.S. ($263M), the UK ($206M) and Mexico ($205M) constituted the countries with the highest levels of imports in 2016, together comprising 23% of global imports. These countries were followed by Canada, France, Germany, the Netherlands, Belgium, China, Hong Kong SAR, Sweden, Australia and Mozambique, which together accounted for a further 33%.
Mozambique (+20.5% per year) recorded the highest rates of growth with regard to the canned food imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.
Canned Food Import Prices By Country
The average canned food import price stood at $2,444 per tonne in 2016, dropping by -2.6% against the previous year. In general, canned food import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2011, when import increased by 6% against the previous year level. In that year, average canned food import price attained its maximum level of $2,925 per tonne. From 2012 to 2016, growth of average canned food import price stood at a somewhat lower level.
Import prices varied noticeably by country of destination. the country with the highest import prices was Mexico ($3,357 per tonne), while Mozambique ($137 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of canned food import prices was attained by China, Hong Kong SAR (+5.1% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global canned food market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- canned food market share
- canned food prices
- canned food industry
- canned food sales
- canned food import
- canned food export
- canned food market forecast
- canned food price forecast
- key canned food producers
All data provided in this article covers the following product: HS Code 2104 - Soups and broths and preparations therefor; homogenised composite food preparations.
Source: World: Homogenized Composite Food Preparations - Market Report. Analysis and Forecast to 2025
