Price for Homogenised Composite Food Preparations in the United States - 2023
Contents:
- Price for Homogenised Composite Food Preparations in the United States (CIF) - 2023
- Price for Homogenised Composite Food Preparations in the United States (FOB) - 2023
- Imports of Homogenised Composite Food Preparations in the United States
- Exports of Homogenised Composite Food Preparations in the United States
Price for Homogenised Composite Food Preparations in the United States (CIF) - 2023
The average homogenised composite food preparations import price stood at $4,360 per ton in March 2023, surging by 3.7% against the previous month. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in September 2022 an increase of 11% month-to-month. Over the period under review, average import prices hit record highs at $4,415 per ton in January 2023; afterwards, it flattened through to March 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($6,152 per ton), while the price for Mexico ($2,485 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by France (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Homogenised Composite Food Preparations in the United States (FOB) - 2023
The average homogenised composite food preparations export price stood at $2,089 per ton in March 2023, surging by 22% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.9%. The most prominent rate of growth was recorded in August 2022 an increase of 24% m-o-m. The export price peaked in March 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($4,752 per ton), while the average price for exports to Venezuela ($1,295 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Homogenised Composite Food Preparations in the United States
For the fourth consecutive year, the United States recorded growth in supplies from abroad of homogenised composite food preparationses, which increased by 15% to 13K tons in 2022. The total import volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, homogenised composite food preparations imports rose markedly to $52M in 2022. The total import value increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations 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 United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 16.1 | 16.0 | 19.2 | 24.2 | 14.6% |
| Canada | 22.8 | 21.7 | 15.9 | 16.5 | -10.2% |
| Mexico | 4.8 | 4.6 | 5.0 | 5.9 | 7.1% |
| France | 0.1 | 0.5 | 2.1 | 1.9 | 166.8% |
| Poland | 1.5 | 3.0 | 1.4 | 1.6 | 2.2% |
| Italy | 0.1 | 0.2 | 0.8 | 1.1 | 122.4% |
| Colombia | N/A | N/A | 0.8 | 0.9 | 12.5% |
| Others | 0.1 | 0.1 | 0.6 | 0.3 | 44.2% |
| Total | 45.6 | 46.1 | 45.8 | 52.4 | 4.7% |
Top Suppliers of Homogenised Composite Food Preparations to the United States in 2022:
- Chile (6.3K tons)
- Canada (3.0K tons)
- Mexico (2.6K tons)
- Poland (0.4K tons)
- France (0.3K tons)
- Colombia (0.3K tons)
- Italy (0.2K tons)
Exports of Homogenised Composite Food Preparations in the United States
Homogenised composite food preparations exports from the United States soared to 10K tons in 2022, with an increase of 102% against the previous year. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, homogenised composite food preparations exports skyrocketed to $16M in 2022. In general, exports recorded modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Homogenised Composite Food Preparations in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 11,350 | 4,006 | 4,147 | 4,572 | -26.1% |
| Venezuela | 90.9 | 28.6 | 213 | 3,433 | 235.5% |
| Panama | 134 | 11.0 | 319 | 1,139 | 104.1% |
| Dominican Republic | 235 | 628 | 499 | 935 | 58.5% |
| Costa Rica | 562 | 450 | 560 | 636 | 4.2% |
| Australia | 7.1 | 5.3 | 223 | 483 | 308.2% |
| Guatemala | 8.6 | N/A | 137 | 455 | 275.4% |
| Singapore | 226 | 221 | 421 | 412 | 22.2% |
| Hong Kong SAR | 143 | 309 | 281 | 301 | 28.2% |
| United Arab Emirates | 59.0 | 131 | 183 | 256 | 63.1% |
| Ecuador | N/A | 28.6 | 264 | 229 | 183.0% |
| Dominica | 3.5 | N/A | N/A | 207 | 289.6% |
| Thailand | 837 | 637 | 290 | 4.8 | -82.1% |
| Others | 1,637 | 1,589 | 912 | 2,743 | 18.8% |
| Total | 15,293 | 8,045 | 8,449 | 15,806 | 1.1% |
Top Export Markets for Homogenised Composite Food Preparations from the United States in 2022:
- Canada (2951.3 tons)
- Venezuela (2466.2 tons)
- Panama (704.7 tons)
- Dominican Republic (619.4 tons)
- Australia (321.0 tons)
- Guatemala (302.7 tons)
- Costa Rica (242.8 tons)
- Singapore (198.9 tons)
- Hong Kong SAR (197.4 tons)
- United Arab Emirates (188.1 tons)
- Ecuador (169.6 tons)
- Dominica (159.9 tons)
- Thailand (3.3 tons)
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