Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates - 2022
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates (FOB) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,304 per ton, shrinking by -14.6% against the previous year. In general, the export price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 94%. The export price peaked at $5,042 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($8,727 per ton), while the average price for exports to India ($666 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 Oman (+15.9%), 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 the United Arab Emirates (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,466 per ton, approximately equating the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 19%. As a result, import price attained the peak level of $3,684 per ton. From 2021 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($5,331 per ton), while the price for the Philippines ($2,064 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), 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 the United Arab Emirates
For the fourth year in a row, the United Arab Emirates recorded growth in overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 36% to 24K tons in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +12.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +41.7% against 2019 indices. 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 surged to $102M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 44.2 | 49.7 | 54.8 | 47.5 | 2.4% |
| Kuwait | 10.2 | 11.6 | 14.3 | 17.0 | 18.6% |
| Yemen | 0.3 | N/A | N/A | 10.1 | 222.9% |
| Oman | 5.6 | 7.6 | 7.1 | 6.5 | 5.1% |
| Jordan | 6.0 | 6.9 | 6.5 | 5.9 | -0.6% |
| Bahrain | 2.2 | 2.3 | 2.1 | 4.6 | 27.9% |
| Iraq | N/A | N/A | N/A | 3.7 | 0% |
| Somalia | N/A | N/A | N/A | 0.9 | 0% |
| Lebanon | 7.8 | 3.1 | 0.8 | 0.4 | -62.8% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Others | 4.6 | 3.5 | 2.2 | 5.3 | 4.8% |
| Total | 80.7 | 84.7 | 87.9 | 102 | 8.1% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from the United Arab Emirates in 2022:
- Saudi Arabia (7.7K tons)
- Yemen (7.2K tons)
- Kuwait (2.0K tons)
- Jordan (1.6K tons)
- Oman (1.1K tons)
- Iraq (0.9K tons)
- Somalia (0.8K tons)
- Bahrain (0.5K tons)
- India (0.5K tons)
- Lebanon (0.1K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the United Arab Emirates
In 2022, purchases abroad of soups and broths and preparations therefor; homogenised composite food preparationses increased by 79% to 8.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses soared to $29M in 2022. Overall, imports recorded a significant expansion. 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 the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 3.2 | 2.7 | 3.4 | 12.4 | 57.1% |
| Turkey | 2.3 | 4.7 | 1.4 | 5.0 | 29.5% |
| United Kingdom | 1.2 | 1.9 | 3.0 | 1.9 | 16.6% |
| Saudi Arabia | 0.1 | 0.5 | 0.5 | 1.4 | 141.0% |
| Spain | 0.4 | 0.4 | 0.6 | 1.2 | 44.2% |
| Philippines | 0.2 | N/A | 0.1 | 1.1 | 76.5% |
| Poland | 0.1 | 0.1 | N/A | 0.7 | 91.3% |
| Malaysia | 0.3 | 0.1 | 0.2 | 0.6 | 26.0% |
| United States | 0.4 | 0.6 | 0.3 | 0.4 | 0.0% |
| Serbia | N/A | N/A | N/A | 0.4 | 0% |
| Thailand | 0.9 | 0.7 | 0.3 | 0.1 | -51.9% |
| Indonesia | 1.5 | 0.3 | 0.3 | N/A | -55.3% |
| Others | 5.7 | 5.0 | 5.8 | 3.4 | -15.8% |
| Total | 16.2 | 17.1 | 15.8 | 28.6 | 20.9% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to the United Arab Emirates in 2022:
- Egypt (3953.6 tons)
- Turkey (1204.0 tons)
- Philippines (533.6 tons)
- United Kingdom (470.9 tons)
- Saudi Arabia (323.8 tons)
- Spain (217.5 tons)
- Serbia (178.3 tons)
- United States (175.5 tons)
- Poland (165.0 tons)
- Malaysia (152.2 tons)
- Thailand (35.1 tons)
- Indonesia (22.4 tons)
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