Australia - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Australia - 2023
Contents:
- Soups Price in Australia (CIF) - 2023
- Soups Price in Australia (FOB) - 2023
- Soups Imports in Australia
- Soups Exports in Australia
Soups Price in Australia (CIF) - 2023
In July 2023, the average soups import price amounted to $3,218 per ton, with an increase of 10% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 38% month-to-month. As a result, import price reached the peak level of $3,697 per ton. From December 2022 to July 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the United States ($8,524 per ton), while the price for Thailand ($2,344 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Croatia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Price in Australia (FOB) - 2023
The average soups export price stood at $3,140 per ton in July 2023, picking up by 12% against the previous month. Overall, export price indicated a notable expansion from July 2022 to July 2023: its price increased at an average monthly rate of +2.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, soups export price increased by +31.8% against April 2023 indices. The most prominent rate of growth was recorded in August 2022 an increase of 46% m-o-m. Over the period under review, the average export prices attained the peak figure at $3,944 per ton in December 2022; however, from January 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($7,937 per ton), while the average price for exports to the Philippines ($1,865 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Imports in Australia
After two years of decline, overseas purchases of soups and broths increased by 5.2% to 22K tons in 2022. In general, imports, however, showed a deep setback.
In value terms, soups imports expanded notably to $64M in 2022. The total import value increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soups in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 33.1 | 30.9 | 29.2 | 25.6 | -8.2% |
| Thailand | 10.4 | 9.8 | 9.8 | 12.6 | 6.6% |
| Japan | 3.9 | 3.7 | 4.7 | 4.6 | 5.7% |
| China | 2.2 | 2.9 | 2.5 | 3.9 | 21.0% |
| United States | 3.8 | 3.8 | 2.9 | 3.3 | -4.6% |
| South Korea | 1.5 | 1.6 | 2.1 | 2.9 | 24.6% |
| Croatia | 0.3 | 1.0 | 2.0 | 2.4 | 100.0% |
| Italy | 0.6 | 0.8 | 0.8 | 2.3 | 56.5% |
| Taiwan (Chinese) | 0.3 | 0.7 | 0.9 | 1.2 | 58.7% |
| Others | 3.3 | 4.4 | 4.2 | 4.9 | 14.1% |
| Total | 59.5 | 59.6 | 59.2 | 63.6 | 2.2% |
Top Suppliers of Soups to Australia in 2022:
- New Zealand (12.5K tons)
- Thailand (4.0K tons)
- Croatia (1.2K tons)
- Italy (0.9K tons)
- Japan (0.8K tons)
- United States (0.6K tons)
- South Korea (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
- China (0.4K tons)
Soups Exports in Australia
In 2022, shipments abroad of soups and broths decreased by -10.6% to 16K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.6% 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 +35.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 27%. As a result, the exports attained the peak of 18K tons, and then fell in the following year.
In value terms, soups exports amounted to $47M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% 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 +67.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 58%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Soups in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.9 | 6.6 | 10.6 | 11.9 | 10.2% |
| Japan | 6.5 | 6.1 | 11.6 | 10.9 | 18.8% |
| Hong Kong SAR | 2.0 | 4.0 | 7.0 | 10.2 | 72.1% |
| New Zealand | 4.6 | 5.1 | 7.9 | 5.4 | 5.5% |
| Taiwan (Chinese) | 0.1 | 0.2 | 0.3 | 2.1 | 175.9% |
| Philippines | N/A | 0.1 | 0.9 | 1.5 | 287.3% |
| Singapore | 1.1 | 1.1 | 1.6 | 1.0 | -3.1% |
| China | 4.1 | 3.3 | 2.3 | 0.8 | -42.0% |
| Others | 1.4 | 1.5 | 1.8 | 3.1 | 30.3% |
| Total | 28.7 | 27.9 | 44.1 | 46.8 | 17.7% |
Top Export Markets for Soups from Australia in 2022:
- Hong Kong SAR (4.0K tons)
- Japan (3.2K tons)
- New Zealand (3.2K tons)
- South Korea (2.5K tons)
- Taiwan (Chinese) (1.0K tons)
- Philippines (0.6K tons)
- Singapore (0.5K tons)
- China (0.2K tons)
This report provides an in-depth analysis of the soups market in Australia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10891100 - Soups and broths and preparations therefor
Country coverage:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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