Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (CIF) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (FOB) - 2024
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (CIF) - 2024
In January 2024, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,207 per ton, declining by -19.3% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2023 an increase of 21% m-o-m. The import price peaked at $2,733 per ton in December 2023, and then dropped remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($4,620 per ton), while the price for the United States amounted to $2,041 per ton.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by South Korea (+0.6%).
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,255 per ton, waning by -4.9% against the previous month. Over the period under review, the export price recorded a slight decline. The pace of growth was the most pronounced in July 2023 when the average export price increased by 14% month-to-month. The export price peaked at $1,643 per ton in February 2023; however, from March 2023 to January 2024, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2023 to January 2024, the rate of growth in terms of prices for the United States amounted to -1.5% per month.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -2.4% to 139K tons, falling for the second consecutive year after two years of growth. In general, imports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 50% against the previous year. As a result, imports attained the peak of 227K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses expanded significantly to $317M in 2022. The total import value increased at an average annual rate of +4.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 23%. As a result, imports attained the peak of $342M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 234 | 297 | 245 | 267 | 4.5% |
| South Korea | 6.2 | 7.2 | 5.9 | 10.2 | 18.1% |
| Chile | 2.0 | 4.9 | 4.1 | 7.0 | 51.8% |
| Others | 34.9 | 33.0 | 30.6 | 32.0 | -2.9% |
| Total | 277 | 342 | 285 | 317 | 4.6% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Canada in 2022:
- United States (126.0K tons)
- South Korea (2.6K tons)
- Chile (2.3K tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Canada rose modestly to 147K tons, growing by 2.7% against 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 8.5%. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses rose notably to $190M in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 6.7% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 160 | 160 | 173 | 185 | 5.0% |
| Others | 11.3 | 7.9 | 6.6 | 4.5 | -26.4% |
| Total | 171 | 168 | 180 | 190 | 3.6% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Canada in 2022:
- United States (145.7K tons)
601
This report provides an in-depth analysis of the canned food market in Canada.
449
This report provides an in-depth analysis of the soups market in Canada.
339
This report provides an in-depth analysis of the hot-dipped metal-coated sheet market in Canada.
2125
This report provides an in-depth analysis of the global canned food market.
1442
This report provides an in-depth analysis of the global soups market.
580
This report provides an in-depth analysis of the global hot-dipped metal-coated sheet market.
601
This report provides an in-depth analysis of the canned food market in Canada.
449
This report provides an in-depth analysis of the soups market in Canada.
2125
This report provides an in-depth analysis of the global canned food market.
1442
This report provides an in-depth analysis of the global soups market.
117
Soups imports peaked at 223K tons in 2020, but from 2021 to 2023, they struggled to regain momentum. In terms of value, soups imports amounted to $310 million in 2023.
1300
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1000
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1677
Germany continued its dominance in the global trade of homogenized composite food preparations. In 2014, Germany exported X thousand tons of homogenized composite food preparations totaling X million USD, X% under the previous year. Its primary tra
109
Global demand for soups and broths is expected to continue rising over the next seven years. The market is forecasted to experience growth in both volume and value terms, reaching 9.7M tons and $34.9B respectively by 2030.
272
Soups are one of the most popular food products worldwide, providing a convenient and nutritious option for consumers. This article explores the top import markets for soups, including the United States, Canada, Mexico, Germany, and the Netherlands. These countries offer lucrative opportunities for soup manufacturers and exporters due to factors such as busy lifestyles, diverse consumer preferences, and growing health consciousness. Utilizing market intelligence platforms like IndexBox can further enhance success in these markets.
277
Explore the top import markets for hot-dipped metal-coated sheet, including the United States, Germany, Belgium, and more. Discover key statistics and data from the IndexBox market intelligence platform.
117
Soups imports peaked at 223K tons in 2020, but from 2021 to 2023, they struggled to regain momentum. In terms of value, soups imports amounted to $310 million in 2023.
1300
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
1000
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
