Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand (CIF) - 2024
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,772 per ton, reducing by -1.5% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 12% m-o-m. The export price peaked at $3,163 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Myanmar ($10,877 per ton), while the average price for exports to Taiwan (Chinese) ($1,039 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.8%), 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 Thailand (CIF) - 2024
In January 2024, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $5,298 per ton, rising by 22% against the previous month. Over the period from January 2023 to January 2024, it increased at an average monthly rate of +2.9%. 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 January 2024, the country with the highest price was Germany ($13,949 per ton), while the price for Singapore ($2,648 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Germany (+14.2%), 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 Thailand
In 2022, shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -3.9% to 25K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 35%. As a result, the exports attained the peak of 31K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell to $66M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 12%.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 12.1 | 12.5 | 14.6 | 12.4 | 0.8% |
| Myanmar | 5.1 | 8.5 | 13.4 | 10.9 | 28.8% |
| Japan | 8.7 | 8.0 | 8.1 | 8.0 | -2.8% |
| United States | 3.1 | 4.2 | 4.9 | 5.7 | 22.5% |
| Hong Kong SAR | 5.1 | 9.9 | 5.1 | 4.7 | -2.7% |
| France | 3.2 | 3.8 | 3.9 | 3.2 | 0.0% |
| Lao People's Democratic Republic | 4.2 | 2.1 | 2.4 | 3.0 | -10.6% |
| Philippines | 1.8 | 4.0 | 2.2 | 2.9 | 17.2% |
| Netherlands | 0.4 | 1.2 | 1.3 | 2.1 | 73.8% |
| Taiwan (Chinese) | 1.6 | 1.6 | 1.9 | 2.0 | 7.7% |
| Malaysia | 2.8 | 2.4 | 2.8 | 1.6 | -17.0% |
| South Korea | 1.5 | 1.4 | 1.6 | 1.4 | -2.3% |
| Cambodia | 4.2 | 3.6 | 1.4 | 1.3 | -32.4% |
| Others | 9.9 | 8.4 | 8.4 | 6.5 | -13.1% |
| Total | 63.6 | 71.5 | 71.9 | 65.8 | 1.1% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Thailand in 2022:
- Australia (4.9K tons)
- Japan (4.2K tons)
- United States (2.6K tons)
- Philippines (2.3K tons)
- Taiwan (Chinese) (1.6K tons)
- Malaysia (1.3K tons)
- Hong Kong SAR (1.3K tons)
- Myanmar (1.1K tons)
- Lao People's Democratic Republic (0.9K tons)
- France (0.8K tons)
- Netherlands (0.6K tons)
- Cambodia (0.5K tons)
- South Korea (0.5K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand
Imports of soups and broths and preparations therefor; homogenised composite food preparationses into Thailand expanded to 3.4K tons in 2022, rising by 4% on the year before. The total import volume increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 with an increase of 8.6%. As a result, imports reached the peak of 3.4K tons; afterwards, it flattened through to 2022.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined slightly to $14M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3.6 | 4.7 | 3.3 | 4.1 | 4.4% |
| Japan | 2.6 | 2.6 | 2.8 | 2.9 | 3.7% |
| China | 0.9 | 0.9 | 3.7 | 2.1 | 32.6% |
| Brazil | 1.0 | 1.1 | 0.7 | 0.8 | -7.2% |
| Australia | 0.3 | 0.2 | 0.4 | 0.8 | 38.7% |
| United States | 1.1 | 1.5 | 1.8 | 0.8 | -10.1% |
| Germany | 0.3 | 0.5 | 0.7 | 0.6 | 26.0% |
| Malaysia | 0.6 | 0.7 | 0.6 | 0.4 | -12.6% |
| Others | 0.9 | 0.8 | 0.8 | 1.8 | 26.0% |
| Total | 11.4 | 13.1 | 14.9 | 14.3 | 7.8% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Thailand in 2022:
- Canada (1211.2 tons)
- China (569.2 tons)
- Japan (483.1 tons)
- Brazil (246.7 tons)
- Germany (221.7 tons)
- United States (146.6 tons)
- Australia (121.2 tons)
- Malaysia (82.2 tons)
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