Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,872 per ton in December 2023, approximately mirroring the previous month. Over the last twelve months, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in June 2023 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices hit record highs in December 2023.
Average prices varied noticeably for the major external markets. In December 2023, the countries with the highest prices were Jordan ($3,872 per ton) and Lebanon ($3,872 per ton), while the average price for exports to Canada ($3,872 per ton) and Yemen ($3,872 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+2.1%), 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 Egypt (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,914 per ton in 2022, remaining stable against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 66% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($4,032 per ton) and Saudi Arabia ($3,900 per ton), while the price for the UK ($3,900 per ton) and Germany ($3,900 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt
In 2022, approx. 6.5K tons of soups and broths and preparations therefor; homogenised composite food preparationses were exported from Egypt; reducing by -7.3% against 2021 figures. Overall, exports recorded a abrupt shrinkage.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell to $21M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 7.8% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Jordan | 3.9 | 6.1 | 4.6 | 6.6 | 19.2% |
| United Arab Emirates | 8.6 | 6.4 | 8.0 | 3.6 | -25.2% |
| Lebanon | 0.4 | 0.4 | 0.6 | 1.7 | 62.0% |
| Palestine | 0.8 | 1.3 | 1.0 | 1.7 | 28.6% |
| Yemen | 0.5 | 0.9 | 1.5 | 1.5 | 44.2% |
| Saudi Arabia | 1.2 | 1.2 | 1.1 | 1.2 | 0.0% |
| Netherlands | 0.1 | 0.1 | 0.5 | 0.9 | 108.0% |
| Canada | 0.5 | 0.7 | 0.5 | 0.7 | 11.9% |
| United States | 0.4 | 0.6 | 0.9 | 0.3 | -9.1% |
| Kuwait | 0.6 | 0.4 | 0.2 | 0.2 | -30.7% |
| Somalia | 0.5 | 0.8 | 0.3 | N/A | -22.5% |
| Others | 2.8 | 3.1 | 4.2 | 2.3 | -6.3% |
| Total | 20.4 | 21.9 | 23.4 | 20.8 | 0.6% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Egypt in 2022:
- Jordan (2051.8 tons)
- United Arab Emirates (1125.0 tons)
- Lebanon (535.9 tons)
- Palestine (520.9 tons)
- Yemen (451.6 tons)
- Saudi Arabia (381.9 tons)
- Netherlands (293.8 tons)
- Canada (225.1 tons)
- United States (100.5 tons)
- Kuwait (59.1 tons)
- Somalia (10.7 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt
In 2022, imports of soups and broths and preparations therefor; homogenised composite food preparationses into Egypt contracted markedly to 125 tons, with a decrease of -31.5% compared with 2021. Over the period under review, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 164%. As a result, imports reached the peak of 183 tons, and then dropped significantly in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses fell remarkably to $490K in 2022. Overall, imports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 185% against the previous year. As a result, imports reached the peak of $706K, and then declined rapidly in the following year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 57.5 | 102 | 493 | 284 | 70.3% |
| Saudi Arabia | 9.8 | 54.8 | N/A | 83.5 | 104.2% |
| Spain | N/A | 41.5 | 141 | 49.9 | 9.7% |
| Germany | N/A | N/A | 1.6 | 40.9 | 2456.2% |
| Turkey | 29.8 | 35.3 | 40.0 | 20.1 | -12.3% |
| Others | 75.3 | 14.1 | 30.0 | 12.1 | -45.6% |
| Total | 172 | 247 | 706 | 490 | 41.8% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Egypt in 2022:
- United Arab Emirates (72.7 tons)
- Saudi Arabia (21.4 tons)
- Spain (12.4 tons)
- Germany (10.5 tons)
- Turkey (5.2 tons)
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