Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland (CIF) - 2023
In November 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,594 per ton, growing by 6.4% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in January 2023 an increase of 24% month-to-month. The import price peaked in November 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($5,309 per ton), while the price for Germany ($3,410 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.9%), 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 Finland (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,508 per ton, increasing by 4% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in March 2023 an increase of 21% against the previous month. Over the period under review, the average export prices hit record highs at $4,729 per ton in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was Estonia ($5,580 per ton), while the average price for exports to Russia ($4,266 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 Estonia (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland
In 2022, imports of soups and broths and preparations therefor; homogenised composite food preparationses into Finland skyrocketed to 5.9K tons, surging by 17% against 2021. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 50%. Imports peaked in 2022 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 stood at $20M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; however, 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.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.1 | 4.6 | 4.3 | 4.7 | 4.7% |
| Belgium | 3.8 | 3.7 | 3.6 | 4.4 | 5.0% |
| Spain | 1.7 | 1.2 | 1.9 | 2.8 | 18.1% |
| Romania | N/A | 0.9 | 1.2 | 1.8 | 41.4% |
| Slovakia | 1.5 | 1.8 | 1.5 | 1.5 | 0.0% |
| Poland | 0.8 | 1.7 | 1.9 | 1.2 | 14.5% |
| Germany | 0.8 | 0.7 | 0.8 | 1.1 | 11.2% |
| Estonia | 0.6 | 0.8 | 0.9 | 0.8 | 10.1% |
| Switzerland | 2.8 | 1.0 | 0.2 | 0.1 | -67.1% |
| France | 0.4 | 0.7 | 0.4 | N/A | 0.0% |
| Others | 1.9 | 2.5 | 2.0 | 1.9 | 0.0% |
| Total | 18.4 | 19.6 | 18.7 | 20.3 | 3.3% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Finland in 2022:
- Sweden (1424.1 tons)
- Belgium (1192.2 tons)
- Spain (869.5 tons)
- Poland (497.2 tons)
- Romania (456.7 tons)
- Germany (414.4 tons)
- Slovakia (364.3 tons)
- Estonia (148.7 tons)
- Switzerland (10.3 tons)
- France (3.6 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland
In 2022, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -10% to 1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +13.7% 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 +47.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses declined to $3.9M in 2022. The total export value increased at an average annual rate of +4.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $4.4M, and then reduced in the following year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1,173 | 1,425 | 1,523 | 1,587 | 10.6% |
| Russia | 1,725 | 1,928 | 2,277 | 1,433 | -6.0% |
| Estonia | 215 | 254 | 359 | 655 | 45.0% |
| Ukraine | 122 | 140 | 192 | 160 | 9.5% |
| Denmark | N/A | 2.0 | N/A | 62.1 | 457.2% |
| Others | 184 | 115 | 93.6 | 40.9 | -39.4% |
| Total | 3,419 | 3,864 | 4,446 | 3,938 | 4.8% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Finland in 2022:
- Sweden (425.5 tons)
- Russia (378.3 tons)
- Estonia (150.6 tons)
- Ukraine (44.5 tons)
- Denmark (25.1 tons)
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