Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal (FOB) - 2023
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,633 per ton in November 2023, surging by 2.2% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The pace of growth appeared the most rapid in May 2023 when the average export price increased by 21% against the previous month. As a result, the export price reached the peak level of $4,481 per ton. From June 2023 to November 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was Cabo Verde ($6,306 per ton), while the average price for exports to Poland ($2,862 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 France (+2.9%), 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 Portugal (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $3,596 per ton in November 2023, declining by -6.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.0%. The most prominent rate of growth was recorded in January 2023 an increase of 23% m-o-m. The import price peaked at $3,836 per ton in September 2023; however, from October 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Romania ($5,009 per ton), while the price for China ($1,373 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 Romania (+6.0%), 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 Portugal
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Portugal stood at 20K tons, increasing by 3% against 2021. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses rose rapidly to $61M in 2022. The total export value increased at an average annual rate of +14.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 26% 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 Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.1 | 10.6 | 8.5 | 9.9 | 24.7% |
| Spain | 6.5 | 6.8 | 7.8 | 7.1 | 3.0% |
| Italy | 2.3 | 5.7 | 6.2 | 6.5 | 41.4% |
| Poland | 2.4 | 4.0 | 4.8 | 6.1 | 36.5% |
| Sweden | 2.1 | 5.1 | 5.8 | 5.9 | 41.1% |
| France | 3.7 | 6.1 | 5.8 | 5.8 | 16.2% |
| Greece | 2.4 | 3.0 | 3.6 | 4.2 | 20.5% |
| Belgium | 1.5 | 1.6 | 2.8 | 3.7 | 35.1% |
| Others | 14.6 | 8.4 | 10.5 | 11.7 | -7.1% |
| Total | 40.6 | 51.2 | 55.8 | 60.9 | 14.5% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Portugal in 2022:
- United Kingdom (2.9K tons)
- Spain (2.8K tons)
- Italy (2.4K tons)
- Poland (2.3K tons)
- France (2.0K tons)
- Sweden (1.8K tons)
- Greece (1.5K tons)
- Belgium (1.3K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses were finally on the rise to reach 6.9K tons after two years of decline. Overall, imports, however, saw a relatively flat trend pattern.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined slightly to $20M in 2022. Over the period under review, imports, however, saw a perceptible decrease. The smallest decline of -0.6% was in 2021.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 12.5 | 11.3 | 11.1 | 11.6 | -2.5% |
| Germany | 1.2 | 1.1 | 1.5 | 2.5 | 27.7% |
| France | 4.7 | 4.4 | 2.9 | 1.7 | -28.8% |
| Poland | 0.6 | 1.2 | 1.2 | 1.6 | 38.7% |
| Netherlands | 0.4 | 0.4 | 0.5 | 0.6 | 14.5% |
| Romania | N/A | 0.1 | 0.7 | 0.4 | 100.0% |
| Slovakia | 0.6 | 0.5 | 0.5 | 0.4 | -12.6% |
| Others | 2.1 | 1.8 | 2.2 | 1.5 | -10.6% |
| Total | 22.0 | 20.7 | 20.6 | 20.3 | -2.6% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Portugal in 2022:
- Spain (4404.2 tons)
- Germany (689.7 tons)
- France (578.0 tons)
- Poland (496.7 tons)
- Netherlands (161.5 tons)
- Romania (123.1 tons)
- Slovakia (106.6 tons)
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