Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,237 per ton in 2022, with a decrease of -16% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. The pace of growth appeared the most rapid in 2015 an increase of 38%. Over the period under review, average import prices reached the peak figure at $2,664 per ton in 2021, and then reduced dramatically in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($3,682 per ton), while the price for Canada ($674 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (FOB) - 2022
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $909 per ton in 2022, waning by -76.6% against the previous year. In general, the export price recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68% against the previous year. As a result, the export price reached the peak level of $13,154 per ton. From 2018 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($939 per ton), while the average price for exports to Ghana stood at $878 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%).
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia
In 2022, after three years of growth, there was significant decline in purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses, when their volume decreased by -70.4% to 119 tons. Overall, imports faced a precipitous setback. The growth pace was the most rapid in 2020 with an increase of 28%.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined rapidly to $267K in 2022. In general, imports saw a dramatic decrease. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 4.3 | 4.9 | 9.0 | 61.7 | 143.0% |
| Norway | N/A | N/A | N/A | 59.0 | 0% |
| Spain | 289 | 312 | 414 | 58.5 | -41.3% |
| Egypt | 212 | 408 | 418 | 50.0 | -38.2% |
| Canada | 1.5 | 7.7 | 6.6 | 13.6 | 108.5% |
| China | 3.1 | 31.6 | 25.6 | 12.9 | 60.8% |
| Kenya | 58.0 | 64.5 | 116 | N/A | 41.4% |
| Others | 52.0 | 44.7 | 85.5 | 11.1 | -40.2% |
| Total | 620 | 873 | 1,074 | 267 | -24.5% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Ethiopia in 2022:
- Spain (37.4 tons)
- Turkey (25.5 tons)
- Canada (20.2 tons)
- Norway (16.0 tons)
- Egypt (13.8 tons)
- China (3.8 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Ethiopia soared to 164 kg, growing by 925% on 2021 figures. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $149 in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ethiopia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greece | N/A | N/A | N/A | 77.0 | 0% |
| Ghana | N/A | N/A | N/A | 72.0 | 0% |
| Angola | 33.0 | 11.0 | 2.0 | N/A | -75.4% |
| Germany | 134 | 40.0 | 10.0 | N/A | -72.7% |
| Italy | N/A | N/A | 44.0 | N/A | 0% |
| Canada | N/A | 45.0 | N/A | N/A | 0% |
| Others | 3.0 | 25.0 | 6.0 | N/A | 41.4% |
| Total | 170 | 121 | 62.0 | 149 | -4.3% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Ethiopia in 2022:
- Ghana (82.0 kg)
- Greece (82.0 kg)
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