Price for Homogenised Composite Food Preparations in the UK - 2023
Contents:
- Price for Homogenised Composite Food Preparations in the UK (CIF) - 2022
- Price for Homogenised Composite Food Preparations in the UK (FOB) - 2023
- Imports of Homogenised Composite Food Preparations in the UK
- Exports of Homogenised Composite Food Preparations in the UK
Price for Homogenised Composite Food Preparations in the UK (CIF) - 2022
In 2022, the average homogenised composite food preparations import price amounted to $4,324 per ton, with an increase of 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2014 an increase of 21% against the previous year. As a result, import price reached the peak level of $4,661 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($12,043 per ton), while the price for Romania ($1,911 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Homogenised Composite Food Preparations in the UK (FOB) - 2023
The average homogenised composite food preparations export price stood at $3,340 per ton in February 2023, falling by -2% against the previous month. In general, the export price recorded a mild setback. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 22% month-to-month. The export price peaked at $4,261 per ton in August 2022; however, from September 2022 to February 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Ghana ($6,890 per ton), while the average price for exports to Cote d'Ivoire ($722 per ton) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was recorded for supplies to Gambia (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Homogenised Composite Food Preparations in the UK
After two years of decline, purchases abroad of homogenised composite food preparationses increased by 46% to 15K tons in 2022. In general, imports, however, saw a noticeable slump. Imports peaked at 17K tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, homogenised composite food preparations imports surged to $65M in 2022. Over the period under review, total imports indicated measured growth from 2019 to 2022: its value increased at an average annual rate of +2.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Homogenised Composite Food Preparations in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 22.0 | 19.3 | 18.7 | 40.9 | 23.0% |
| Spain | 3.0 | 3.2 | 4.7 | 9.2 | 45.3% |
| Italy | 3.1 | 3.6 | 6.2 | 5.8 | 23.2% |
| Germany | 1.1 | 1.4 | 2.6 | 3.6 | 48.5% |
| Netherlands | 11.4 | 4.5 | 1.1 | 1.6 | -48.0% |
| Ireland | 2.8 | 2.4 | 1.5 | 1.1 | -26.8% |
| Romania | 0.5 | 0.2 | 0.2 | 0.7 | 11.9% |
| Czech Republic | 2.0 | 0.6 | 0.2 | 0.2 | -53.6% |
| Poland | 12.5 | 10.8 | 3.7 | N/A | -45.6% |
| Others | 1.5 | 1.1 | 1.8 | 1.5 | 0.0% |
| Total | 59.9 | 47.2 | 40.7 | 64.7 | 2.6% |
Top Suppliers of Homogenised Composite Food Preparations to the UK in 2022:
- Czech Republic (undefinedK tons)
- Poland (undefinedK tons)
- France (8.0K tons)
- Spain (2.5K tons)
- Italy (2.0K tons)
- Germany (0.7K tons)
- Ireland (0.6K tons)
- Romania (0.4K tons)
- Netherlands (0.3K tons)
Exports of Homogenised Composite Food Preparations in the UK
In 2022, homogenised composite food preparations exports from the UK totaled 11K tons, with an increase of 9.6% on the previous year's figure. The total export volume increased at an average annual rate of +1.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, the exports attained the peak of 12K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, homogenised composite food preparations exports rose sharply to $28M in 2022. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 15%. As a result, the exports attained the peak of $45M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Homogenised Composite Food Preparations in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 15.1 | 18.7 | 8.1 | 10.2 | -12.3% |
| Ghana | 2.7 | 7.9 | 6.6 | 9.2 | 50.5% |
| Singapore | 0.2 | 1.2 | 2.9 | 2.4 | 128.9% |
| United Arab Emirates | 0.2 | 0.1 | 0.2 | 0.9 | 65.1% |
| Pakistan | 1.7 | 0.2 | 0.3 | 0.5 | -33.5% |
| Ireland | 7.7 | 7.0 | 0.7 | 0.5 | -59.8% |
| Cote d'Ivoire | 0.3 | 1.1 | 0.6 | 0.4 | 10.1% |
| Seychelles | 0.7 | 0.2 | 0.3 | 0.2 | -34.1% |
| Others | 10.3 | 8.4 | 4.9 | 3.3 | -31.6% |
| Total | 39.0 | 44.8 | 24.6 | 27.5 | -11.0% |
Top Export Markets for Homogenised Composite Food Preparations from the UK in 2022:
- Ghana (6.0K tons)
- Nigeria (3.1K tons)
- Singapore (0.5K tons)
- Cote d'Ivoire (0.4K tons)
- United Arab Emirates (0.2K tons)
- Pakistan (0.1K tons)
- Seychelles (0.1K tons)
- Ireland (0.1K tons)
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