Price for Homogenised Composite Food Preparations in Australia - 2023

Contents:

1. Price for Homogenised Composite Food Preparations in Australia (CIF) - 2023
2. Price for Homogenised Composite Food Preparations in Australia (FOB) - 2022
3. Imports of Homogenised Composite Food Preparations in Australia
4. Exports of Homogenised Composite Food Preparations in Australia

Price for Homogenised Composite Food Preparations in Australia (CIF) - 2023

The average homogenised composite food preparations import price stood at $4,937 per ton in April 2023, increasing by 8.2% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 11% against the previous month. Over the period under review, average import prices hit record highs at $5,331 per ton in April 2022; however, from May 2022 to April 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($5,791 per ton), while the price for South Korea ($2,093 per ton) was amongst the lowest.

From April 2022 to April 2023, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Homogenised Composite Food Preparations in Australia (FOB) - 2022

The average homogenised composite food preparations export price stood at $2,024 per ton in 2022, waning by -39.6% against the previous year. Over the period under review, the export price showed a perceptible downturn. The growth pace was the most rapid in 2018 when the average export price increased by 50% against the previous year. Over the period under review, the average export prices attained the maximum at $5,610 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($5,998 per ton), while the average price for exports to New Zealand ($1,738 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Homogenised Composite Food Preparations in Australia

In 2022, approx. 3.2K tons of homogenised composite food preparationses were imported into Australia; picking up by 7% against 2021 figures. The total import volume increased at an average annual rate of +8.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 18%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, homogenised composite food preparations imports expanded slightly to $16M in 2022. The total import value increased at an average annual rate of +10.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Homogenised Composite Food Preparations to Australia in 2022:

1. New Zealand (2162.2 tons)
2. China (414.8 tons)
3. South Korea (397.0 tons)
4. Spain (120.3 tons)
5. Belgium (20.3 tons)

Exports of Homogenised Composite Food Preparations in Australia

In 2022, shipments abroad of homogenised composite food preparationses increased by 688% to 7.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, homogenised composite food preparations exports soared to $16M in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Homogenised Composite Food Preparations from Australia in 2022:

1. New Zealand (6.9K tons)
2. Singapore (0.2K tons)
3. Vietnam (0.2K tons)
4. Papua New Guinea (0.1K tons)
5. China (0.1K tons)