Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,593 per ton, approximately equating the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The pace of growth was the most pronounced in December 2022 when the average export price increased by 33% month-to-month. Over the period under review, the average export prices attained the peak figure at $4,169 per ton in June 2023; however, from July 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($6,651 per ton), while the average price for exports to Sweden ($2,535 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 Switzerland (+7.5%), 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 Italy (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,790 per ton in November 2023, surging by 1.7% against the previous month. Overall, import price indicated a mild increase from November 2022 to November 2023: its price increased at an average monthly rate of +1.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for soups and broths and preparations therefor; homogenised composite food preparationses decreased by -3.1% against September 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 53% m-o-m. The import price peaked at $5,696 per ton in February 2023; however, from March 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,312 per ton), while the price for Poland ($1,550 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 Austria (+3.9%), 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 Italy
In 2022, approx. 36K tons of soups and broths and preparations therefor; homogenised composite food preparationses were exported from Italy; jumping by 19% against the year before. The total export volume increased at an average annual rate of +2.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 amounted to $93M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 10.4 | 11.2 | 16.0 | 25.6 | 35.0% |
| United Kingdom | 27.3 | 21.3 | 22.2 | 25.2 | -2.6% |
| France | 10.0 | 9.6 | 9.9 | 10.6 | 2.0% |
| Spain | 4.7 | 3.0 | 3.8 | 3.5 | -9.4% |
| United States | 2.1 | 3.3 | 5.4 | 3.3 | 16.3% |
| Belgium | 3.1 | 2.1 | 3.4 | 3.3 | 2.1% |
| Sweden | 8.2 | 2.9 | 2.5 | 2.4 | -33.6% |
| Greece | 2.4 | 1.2 | 2.0 | 1.9 | -7.5% |
| Australia | 0.7 | 1.0 | 0.8 | 1.8 | 37.0% |
| Austria | 0.7 | 0.7 | 0.9 | 1.3 | 22.9% |
| Poland | 5.1 | 1.3 | 0.9 | 0.9 | -43.9% |
| Others | 15.6 | 15.4 | 17.2 | 13.6 | -4.5% |
| Total | 90.2 | 72.9 | 85.1 | 93.3 | 1.1% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Italy in 2022:
- Germany (10.1K tons)
- United Kingdom (7.9K tons)
- France (5.9K tons)
- Spain (2.5K tons)
- Belgium (2.2K tons)
- Sweden (1.2K tons)
- Australia (0.8K tons)
- Greece (0.7K tons)
- United States (0.6K tons)
- Austria (0.6K tons)
- Poland (0.2K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Italy contracted to 15K tons, shrinking by -5.2% on the year before. Over the period under review, imports saw a significant contraction.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined slightly to $50M in 2022. In general, imports faced a abrupt shrinkage.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 14.8 | 14.7 | 19.9 | 21.1 | 12.5% |
| Portugal | 2.1 | 4.2 | 6.2 | 6.1 | 42.7% |
| Spain | 7.8 | 6.1 | 6.2 | 5.6 | -10.5% |
| France | 10.9 | 11.0 | 5.1 | 2.9 | -35.7% |
| Netherlands | 5.7 | 1.2 | 2.1 | 2.2 | -27.2% |
| Austria | 1.2 | 1.1 | 1.7 | 2.0 | 18.6% |
| Poland | 20.7 | 1.1 | 1.9 | 1.9 | -54.9% |
| Romania | 1.4 | 4.5 | 1.3 | 1.8 | 8.7% |
| Slovakia | 2.0 | 1.9 | 1.8 | 1.3 | -13.4% |
| Switzerland | 10.7 | 4.9 | 1.0 | 1.1 | -53.2% |
| Hungary | 0.6 | 0.8 | 1.3 | 0.8 | 10.1% |
| China | 0.5 | 1.0 | 0.4 | 0.6 | 6.3% |
| Czech Republic | 5.8 | N/A | N/A | N/A | 0% |
| Others | 2.7 | 2.4 | 2.5 | 2.9 | 2.4% |
| Total | 87.0 | 54.9 | 51.4 | 50.3 | -16.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Italy in 2022:
- Germany (4.2K tons)
- Spain (2.5K tons)
- Portugal (2.4K tons)
- Poland (1.1K tons)
- Netherlands (0.9K tons)
- Romania (0.6K tons)
- Slovakia (0.6K tons)
- Austria (0.5K tons)
- France (0.4K tons)
- China (0.3K tons)
- Hungary (0.2K tons)
- Switzerland (0.1K tons)
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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
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