Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,222 per ton in November 2023, with a decrease of -10% against the previous month. Overall, export price indicated a mild increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, export price for soups and broths and preparations therefor; homogenised composite food preparationses decreased by -10.0% against June 2023 indices. The growth pace was the most rapid in January 2023 an increase of 35% against the previous month. The export price peaked at $6,195 per ton in May 2023; however, from June 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 UK ($5,841 per ton), while the average price for exports to Luxembourg ($1,207 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 Luxembourg (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,169 per ton in 2022, which is down by -4.4% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 7% against the previous year. Over the period under review, average import prices reached the peak figure at $2,436 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($4,096 per ton), while the price for Italy ($1,201 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium
After three years of growth, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -0.2% to 23K tons in 2022. The total export volume increased at an average annual rate of +11.9% 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 2020 when exports increased by 20%.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses shrank modestly to $99M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 33% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1.7 | 1.8 | 20.4 | 22.9 | 137.9% |
| France | 16.2 | 24.3 | 23.2 | 21.1 | 9.2% |
| Netherlands | 9.2 | 12.0 | 12.8 | 14.1 | 15.3% |
| Sweden | 11.9 | 11.3 | 11.7 | 13.7 | 4.8% |
| Germany | 10.5 | 12.3 | 14.3 | 8.9 | -5.4% |
| Luxembourg | 3.1 | 4.4 | 4.5 | 4.6 | 14.1% |
| Finland | 3.4 | 3.5 | 3.3 | 3.7 | 2.9% |
| United States | 1.3 | 3.2 | 4.0 | 2.8 | 29.1% |
| Others | 4.1 | 8.6 | 5.6 | 7.6 | 22.8% |
| Total | 61.3 | 81.5 | 99.8 | 99.4 | 17.5% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Belgium in 2022:
- United Kingdom (4.3K tons)
- Netherlands (3.8K tons)
- Sweden (3.5K tons)
- France (3.3K tons)
- Germany (2.9K tons)
- Luxembourg (2.6K tons)
- United States (1.0K tons)
- Finland (0.9K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium
In 2022, imports of soups and broths and preparations therefor; homogenised composite food preparationses into Belgium rose sharply to 44K tons, increasing by 10% compared with 2021 figures. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor 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, imports of soups and broths and preparations therefor; homogenised composite food preparationses rose notably to $96M in 2022. The total import value increased at an average annual rate of +6.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 16%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 26.1 | 36.6 | 31.0 | 31.5 | 6.5% |
| Netherlands | 17.1 | 15.9 | 17.8 | 15.8 | -2.6% |
| Germany | 9.0 | 8.1 | 8.3 | 12.6 | 11.9% |
| Spain | 3.9 | 4.4 | 5.6 | 9.1 | 32.6% |
| Poland | 5.9 | 7.0 | 5.5 | 6.0 | 0.6% |
| Portugal | 0.6 | 1.6 | 3.1 | 3.8 | 85.0% |
| Italy | 3.0 | 1.6 | 3.5 | 3.6 | 6.3% |
| Hungary | 5.1 | 5.3 | 5.8 | 3.4 | -12.6% |
| Others | 8.5 | 11.5 | 10.5 | 10.2 | 6.3% |
| Total | 79.2 | 92.0 | 91.0 | 96.0 | 6.6% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Belgium in 2022:
- France (19.8K tons)
- Spain (5.1K tons)
- Netherlands (3.9K tons)
- Poland (3.7K tons)
- Germany (3.3K tons)
- Italy (3.0K tons)
- Portugal (1.6K tons)
- Hungary (1.2K tons)
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