China - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in China - 2023
Contents:
- Soups Price in China (FOB) - 2022
- Soups Price in China (CIF) - 2022
- Soups Exports in China
- Soups Imports in China
Soups Price in China (FOB) - 2022
The average soups export price stood at $4,556 per ton in 2022, approximately mirroring the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.0%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($15,430 per ton), while the average price for exports to Hong Kong SAR ($1,999 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 Japan (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in China (CIF) - 2022
The average soups import price stood at $3,929 per ton in 2022, rising by 13% against the previous year. Over the period under review, the import price, however, recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the peak figure at $4,908 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($4,620 per ton), while the price for Spain ($2,148 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in China
In 2022, after three years of growth, there was significant decline in shipments abroad of soups and broths, when their volume decreased by -22.2% to 21K tons. Overall, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2020 when exports increased by 10% against the previous year.
In value terms, soups exports declined markedly to $96M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.0% 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 +26.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $123M, and then fell notably in the following year.
| Export of Soups in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 29.4 | 31.8 | 36.1 | 30.7 | 1.5% |
| Hong Kong SAR | 27.0 | 27.9 | 52.3 | 29.5 | 3.0% |
| Thailand | 1.4 | 2.4 | 4.5 | 15.8 | 124.3% |
| Singapore | 7.8 | 6.6 | 7.3 | 5.4 | -11.5% |
| United States | 2.2 | 3.7 | 5.3 | 4.2 | 24.1% |
| South Korea | 2.9 | 2.7 | 1.7 | 1.7 | -16.3% |
| Taiwan (Chinese) | 0.8 | 1.0 | 1.0 | 0.7 | -4.4% |
| Others | 5.0 | 3.7 | 14.8 | 8.5 | 19.3% |
| Total | 76.5 | 79.8 | 123 | 96.5 | 8.0% |
Top Export Markets for Soups from China in 2022:
- Hong Kong SAR (14.8K tons)
- Japan (2.3K tons)
- Thailand (1.0K tons)
- Singapore (0.6K tons)
- United States (0.6K tons)
- South Korea (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
Soups Imports in China
For the third year in a row, China recorded decline in supplies from abroad of soups and broths, which decreased by -23.3% to 2.3K tons in 2022. Overall, imports saw a deep setback. The smallest decline of -10.9% was in 2021.
In value terms, soups imports contracted to $8.9M in 2022. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%.
| Import of Soups in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3,736 | 2,964 | 4,539 | 5,372 | 12.9% |
| Australia | 4,268 | 3,373 | 2,415 | 866 | -41.2% |
| Germany | 1,146 | 860 | 636 | 629 | -18.1% |
| Malaysia | 779 | 349 | 502 | 538 | -11.6% |
| Canada | 659 | 102 | 283 | 214 | -31.3% |
| United Kingdom | 64.6 | 107 | 221 | 201 | 46.0% |
| Taiwan (Chinese) | 743 | 666 | 280 | 179 | -37.8% |
| Spain | 5.1 | 81.0 | 223 | 175 | 225.0% |
| South Korea | 103 | 181 | 152 | 174 | 19.1% |
| United States | 1,259 | 377 | 154 | 94.9 | -57.8% |
| France | 413 | 813 | 421 | 2.5 | -81.8% |
| Others | 636 | 228 | 436 | 418 | -13.1% |
| Total | 13,813 | 10,101 | 10,262 | 8,864 | -13.7% |
Top Suppliers of Soups to China in 2022:
- Japan (1313.5 tons)
- Australia (209.4 tons)
- Germany (174.2 tons)
- Malaysia (121.0 tons)
- United Kingdom (83.8 tons)
- Spain (81.6 tons)
- South Korea (54.3 tons)
- Canada (46.3 tons)
- United States (27.5 tons)
- Taiwan (Chinese) (24.6 tons)
- France (2.1 tons)
This report provides an in-depth analysis of the soups market in China. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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
-
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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