Price for Food Preparations Not Elsewhere Specified or Included in Ireland - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Ireland (FOB) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Ireland (CIF) - 2023
- Exports of Food Preparations Not Elsewhere Specified or Included in Ireland
- Imports of Food Preparations Not Elsewhere Specified or Included in Ireland
Price for Food Preparations Not Elsewhere Specified or Included in Ireland (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $5,420 per ton, surging by 9.4% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.7%. The growth pace was the most rapid in January 2023 when the average export price increased by 31% month-to-month. The export price peaked at $5,668 per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($14,316 per ton), while the average price for exports to Japan ($2,781 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 the United States (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Ireland (CIF) - 2023
The average import price for food preparations not elsewhere specified or included stood at $6,375 per ton in November 2023, rising by 14% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.8%. The pace of growth was the most pronounced in January 2023 when the average import price increased by 35% month-to-month. As a result, import price attained the peak level of $7,074 per ton. From February 2023 to November 2023, the average import prices remained at a 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 Poland ($12,492 per ton), while the price for Belgium ($1,716 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 the Netherlands (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Food Preparations Not Elsewhere Specified or Included in Ireland
In 2022, approx. 76K tons of food preparations not elsewhere specified or included were exported from Ireland; declining by -22% on 2021. In general, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of 97K tons, and then reduced rapidly in the following year.
In value terms, exports of food preparations not elsewhere specified or included shrank to $329M in 2022. The total export value increased at an average annual rate of +3.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of $347M, and then fell in the following year.
| Export of Food Preparations Not Elsewhere Specified or Included in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 131 | 161 | 161 | 149 | 4.4% |
| Netherlands | 8.5 | 9.6 | 31.9 | 29.4 | 51.2% |
| Germany | 7.0 | 14.2 | 21.1 | 19.5 | 40.7% |
| Spain | 15.9 | 19.8 | 21.8 | 19.3 | 6.7% |
| United States | 6.9 | 3.4 | 10.4 | 16.7 | 34.3% |
| Others | 130 | 89.3 | 101 | 95.4 | -9.8% |
| Total | 299 | 297 | 347 | 329 | 3.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Ireland in 2022:
- United Kingdom (54.0K tons)
- Netherlands (3.0K tons)
- Spain (2.9K tons)
- Germany (2.2K tons)
- United States (1.9K tons)
Imports of Food Preparations Not Elsewhere Specified or Included in Ireland
In 2022, supplies from abroad of food preparations not elsewhere specified or included was finally on the rise to reach 53K tons after two years of decline. In general, imports, however, showed a relatively flat trend pattern.
In value terms, imports of food preparations not elsewhere specified or included dropped to $271M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports reached the peak of $307M, and then declined in the following year.
| Import of Food Preparations Not Elsewhere Specified or Included in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 145 | 158 | 176 | 152 | 1.6% |
| Netherlands | 18.7 | 18.2 | 20.2 | 17.2 | -2.7% |
| United States | 12.8 | 7.4 | 25.5 | 16.1 | 7.9% |
| Germany | 8.6 | 12.1 | 11.5 | 11.9 | 11.4% |
| Thailand | 5.3 | 4.4 | 6.6 | 10.1 | 24.0% |
| France | 11.3 | 12.2 | 11.9 | 9.2 | -6.6% |
| Poland | 6.1 | 6.4 | 6.2 | 7.1 | 5.2% |
| Belgium | 3.9 | 7.0 | 6.5 | 6.7 | 19.8% |
| Others | 34.5 | 26.5 | 42.9 | 40.3 | 5.3% |
| Total | 246 | 252 | 307 | 271 | 3.3% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Ireland in 2022:
- United Kingdom (23.4K tons)
- Belgium (6.0K tons)
- Thailand (4.8K tons)
- Netherlands (4.3K tons)
- France (4.0K tons)
- Germany (3.4K tons)
- United States (1.1K tons)
- Poland (0.6K tons)
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