Price for Food Preparations Not Elsewhere Specified or Included in Germany - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Germany (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Germany (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Germany
- Imports of Food Preparations Not Elsewhere Specified or Included in Germany
Price for Food Preparations Not Elsewhere Specified or Included in Germany (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $8,075 per ton, increasing by 13% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.9%. The export price peaked at $8,173 per ton in September 2023; however, from October 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($20,739 per ton), while the average price for exports to Turkey ($3,890 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 Spain (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Germany (CIF) - 2023
The average import price for food preparations not elsewhere specified or included stood at $6,065 per ton in November 2023, growing by 4.5% against the previous month. In general, import price indicated modest growth from November 2022 to November 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for food preparations not elsewhere specified or included decreased by -35.9% against August 2023 indices. The pace of growth was the most pronounced in March 2023 when the average import price increased by 48% month-to-month. Over the period under review, average import prices reached the peak figure at $9,455 per ton in August 2023; however, from September 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Czech Republic ($11,060 per ton), while the price for Sri Lanka ($1,517 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 Turkey (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Germany
In 2022, the amount of food preparations not elsewhere specified or included exported from Germany expanded modestly to 804K tons, surging by 4.2% against 2021 figures. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 7% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, exports of food preparations not elsewhere specified or included rose modestly to $4.9B in 2022. The total export value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Export of Food Preparations Not Elsewhere Specified or Included in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 371 | 422 | 490 | 511 | 11.3% |
| Austria | 280 | 306 | 348 | 346 | 7.3% |
| Poland | 203 | 248 | 318 | 322 | 16.6% |
| United Kingdom | 257 | 288 | 300 | 292 | 4.3% |
| France | 254 | 247 | 275 | 264 | 1.3% |
| Russia | 153 | 169 | 163 | 182 | 6.0% |
| Switzerland | 148 | 169 | 189 | 180 | 6.7% |
| Italy | 149 | 161 | 192 | 177 | 5.9% |
| Spain | 150 | 156 | 176 | 166 | 3.4% |
| Belgium | 126 | 132 | 167 | 132 | 1.6% |
| Czech Republic | 82.9 | 93.3 | 126 | 127 | 15.3% |
| Sweden | 77.0 | 70.6 | 85.4 | 98.0 | 8.4% |
| Turkey | 58.3 | 57.9 | 61.3 | 74.0 | 8.3% |
| Others | 1,482 | 1,613 | 1,858 | 2,021 | 10.9% |
| Total | 3,792 | 4,131 | 4,749 | 4,892 | 8.9% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Germany in 2022:
- Netherlands (85.8K tons)
- United Kingdom (67.7K tons)
- Austria (57.2K tons)
- Poland (53.2K tons)
- France (50.8K tons)
- Spain (34.6K tons)
- Belgium (33.3K tons)
- Sweden (29.8K tons)
- Russia (25.1K tons)
- Turkey (24.1K tons)
- Italy (24.1K tons)
- Czech Republic (20.8K tons)
- Switzerland (18.7K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Germany
Imports of food preparations not elsewhere specified or included into Germany expanded notably to 530K tons in 2022, with an increase of 5.5% against the previous year. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 11%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of food preparations not elsewhere specified or included reduced modestly to $2.5B in 2022. The total import value increased at an average annual rate of +9.8% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of $2.5B, leveling off in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 271 | 410 | 489 | 490 | 21.8% |
| Poland | 205 | 218 | 244 | 285 | 11.6% |
| France | 144 | 217 | 236 | 213 | 13.9% |
| Austria | 147 | 179 | 208 | 204 | 11.5% |
| Switzerland | 212 | 169 | 159 | 144 | -12.1% |
| Belgium | 97.7 | 117 | 136 | 128 | 9.4% |
| Italy | 92.9 | 79.6 | 101 | 106 | 4.5% |
| Czech Republic | 29.0 | 51.6 | 60.4 | 80.1 | 40.3% |
| Denmark | 48.3 | 40.4 | 49.3 | 55.6 | 4.8% |
| Sri Lanka | 14.1 | 25.5 | 32.0 | 33.4 | 33.3% |
| Vietnam | 4.4 | 7.1 | 16.0 | 30.7 | 91.1% |
| Indonesia | 19.3 | 21.8 | 23.3 | 30.3 | 16.2% |
| Thailand | 28.2 | 23.9 | 24.9 | 22.6 | -7.1% |
| Others | 545 | 557 | 684 | 639 | 5.4% |
| Total | 1,858 | 2,117 | 2,463 | 2,461 | 9.8% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Germany in 2022:
- Netherlands (113.6K tons)
- Belgium (64.7K tons)
- Austria (61.1K tons)
- Poland (47.7K tons)
- France (39.4K tons)
- Italy (24.6K tons)
- Switzerland (19.8K tons)
- Vietnam (17.1K tons)
- Sri Lanka (16.4K tons)
- Indonesia (15.4K tons)
- Denmark (11.6K tons)
- Czech Republic (10.2K tons)
- Thailand (10.1K tons)
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