Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,120 per ton, remaining constant against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 6.5% m-o-m. Over the period under review, the average export prices reached the maximum at $4,406 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Slovenia ($7,593 per ton), while the average price for exports to the Czech Republic ($3,091 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 Slovakia (+1.8%), 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 Hungary (CIF) - 2023
In November 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,231 per ton, picking up by 1.7% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in January 2023 when the average import price increased by 22% month-to-month. The import price peaked in November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Czech Republic ($6,150 per ton), while the price for Germany ($3,265 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 Slovakia (+2.6%), 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 Hungary
In 2022, after three years of growth, there was significant decline in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, when their volume decreased by -15.2% to 14K tons. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 52% against the previous year.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell markedly to $50M in 2022. Over the period under review, exports showed a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of $62M, and then reduced sharply in the following year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.2 | 12.1 | 9.4 | 9.9 | -9.1% |
| Austria | 11.5 | 11.1 | 10.1 | 7.5 | -13.3% |
| France | 3.4 | 4.5 | 12.9 | 6.1 | 21.5% |
| Slovenia | 4.6 | 4.7 | 4.8 | 4.9 | 2.1% |
| Poland | 4.4 | 2.9 | 3.2 | 3.5 | -7.3% |
| United Kingdom | 1.3 | 1.2 | 2.5 | 3.4 | 37.8% |
| Belgium | 4.8 | 4.9 | 5.3 | 3.2 | -12.6% |
| Croatia | 1.6 | 1.5 | 1.9 | 1.8 | 4.0% |
| Czech Republic | 2.0 | 1.7 | 1.6 | 1.4 | -11.2% |
| Slovakia | 0.8 | 1.0 | 1.2 | 1.2 | 14.5% |
| Netherlands | 2.8 | 1.5 | 1.9 | 1.1 | -26.8% |
| Bosnia and Herzegovina | 1.1 | 1.2 | 1.3 | 1.0 | -3.1% |
| Bulgaria | 0.5 | 0.6 | 0.8 | 0.9 | 21.6% |
| Others | 5.2 | 4.6 | 4.7 | 3.8 | -9.9% |
| Total | 57.3 | 53.4 | 61.6 | 49.8 | -4.6% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Hungary in 2022:
- Germany (3526.8 tons)
- Austria (2074.8 tons)
- France (1361.1 tons)
- Poland (1108.2 tons)
- Belgium (975.9 tons)
- Slovenia (777.3 tons)
- United Kingdom (739.3 tons)
- Czech Republic (490.6 tons)
- Croatia (476.6 tons)
- Slovakia (388.8 tons)
- Netherlands (330.5 tons)
- Bulgaria (302.3 tons)
- Bosnia and Herzegovina (258.0 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Hungary rose to 7.5K tons, increasing by 2.7% against 2021 figures. In general, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 110%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses rose to $25M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 9.7% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.7 | 8.8 | 11.4 | 11.3 | 13.6% |
| Slovakia | 5.0 | 5.4 | 4.9 | 5.0 | 0.0% |
| Czech Republic | 2.9 | 1.9 | 2.0 | 2.7 | -2.4% |
| Portugal | 1.4 | 1.9 | 2.1 | 2.0 | 12.6% |
| Romania | 0.4 | 0.5 | 0.5 | 1.0 | 35.7% |
| Austria | 0.9 | 1.3 | 1.4 | 1.0 | 3.6% |
| Poland | 0.4 | 0.5 | 0.3 | 0.4 | 0.0% |
| Italy | 0.7 | 0.2 | 0.3 | 0.3 | -24.6% |
| Others | 2.0 | 1.6 | 1.5 | 1.1 | -18.1% |
| Total | 21.4 | 22.1 | 24.3 | 24.8 | 5.0% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Hungary in 2022:
- Germany (3912.2 tons)
- Slovakia (1176.8 tons)
- Czech Republic (695.5 tons)
- Portugal (692.3 tons)
- Romania (273.6 tons)
- Austria (253.3 tons)
- Poland (140.7 tons)
- Italy (103.1 tons)
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