Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore (CIF) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore (FOB) - 2022
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,830 per ton, rising by 31% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($6,285 per ton), while the price for Australia ($1,862 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), 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 Singapore (FOB) - 2022
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $5,353 per ton in 2022, rising by 11% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soups and broths and preparations therefor; homogenised composite food preparationses increased by +35.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 58%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($10,922 per ton), while the average price for exports to Canada ($2,339 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+10.3%), 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 Singapore
In 2022, purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -4.9% to 9K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 9.4K tons, and then dropped modestly in the following year.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $34M in 2022. The total import value increased at an average annual rate of +10.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 7.9 | 7.8 | 7.6 | 11.8 | 14.3% |
| Japan | 5.9 | 5.2 | 5.7 | 6.4 | 2.7% |
| China | 2.9 | 1.9 | 2.3 | 3.9 | 10.4% |
| Taiwan (Chinese) | 2.5 | 2.7 | 3.1 | 3.7 | 14.0% |
| Australia | 1.7 | 1.8 | 2.5 | 2.2 | 9.0% |
| France | 1.0 | 1.2 | 1.7 | 1.2 | 6.3% |
| Thailand | 1.1 | 0.7 | 0.9 | 1.1 | 0.0% |
| Others | 2.9 | 3.9 | 3.9 | 4.2 | 13.1% |
| Total | 25.8 | 25.1 | 27.7 | 34.4 | 10.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Singapore in 2022:
- Malaysia (2.9K tons)
- China (1.3K tons)
- Australia (1.2K tons)
- Japan (1.0K tons)
- Taiwan (Chinese) (0.6K tons)
- France (0.6K tons)
- Thailand (0.4K tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore
Exports of soups and broths and preparations therefor; homogenised composite food preparationses from Singapore was estimated at 491 tons in 2022, increasing by 9% against the previous year. Overall, exports, however, showed a slight contraction.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $2.6M in 2022. The total export value increased at an average annual rate of +9.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 132 | 596 | 729 | 666 | 71.5% |
| Malaysia | 371 | 360 | 326 | 361 | -0.9% |
| Hong Kong SAR | 107 | 228 | 426 | 330 | 45.6% |
| Thailand | 61.3 | 56.8 | 53.3 | 268 | 63.5% |
| Philippines | 74.7 | 156 | 17.6 | 216 | 42.5% |
| Australia | 69.7 | 97.1 | 45.5 | 171 | 34.9% |
| China | 146 | 87.7 | 192 | 137 | -2.1% |
| Nepal | 159 | 229 | 20.8 | 72.7 | -23.0% |
| Japan | 503 | 60.0 | 7.9 | 41.0 | -56.6% |
| Macao SAR | 2.8 | 4.7 | 16.4 | 39.9 | 142.4% |
| Cambodia | 12.7 | 42.9 | 13.6 | 31.2 | 34.9% |
| Canada | N/A | N/A | 27.0 | 27.6 | 2.2% |
| Others | 355 | 208 | 289 | 267 | -9.1% |
| Total | 1,994 | 2,127 | 2,164 | 2,627 | 9.6% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Singapore in 2022:
- Taiwan (Chinese) (132.8 tons)
- Hong Kong SAR (81.2 tons)
- Philippines (68.5 tons)
- Malaysia (33.3 tons)
- China (32.4 tons)
- Thailand (24.5 tons)
- Australia (20.5 tons)
- Canada (11.8 tons)
- Nepal (11.7 tons)
- Cambodia (9.2 tons)
- Macao SAR (8.1 tons)
- Japan (7.4 tons)
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