Japan - Soups And Broths - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoups Price in Japan - 2023
Contents:
- Soups Price in Japan (FOB) - 2023
- Soups Price in Japan (CIF) - 2023
- Soups Exports in Japan
- Soups Imports in Japan
Soups Price in Japan (FOB) - 2023
The average soups export price stood at $4,926 per ton in July 2023, standing approximately at the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 when the average export price increased by 13% month-to-month. Over the period under review, the average export prices attained the maximum at $5,373 per ton in January 2023; however, from February 2023 to July 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($7,656 per ton), while the average price for exports to China ($2,994 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 the United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.
Soups Price in Japan (CIF) - 2023
In July 2023, the average soups import price amounted to $4,062 per ton, with a decrease of -8.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 17% month-to-month. Over the period under review, average import prices reached the peak figure at $4,929 per ton in January 2023; however, from February 2023 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($7,229 per ton), while the price for South Korea ($1,229 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 New Zealand (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Soups Exports in Japan
In 2022, exports of soups and broths from Japan rose sharply to 21K tons, increasing by 12% compared with the previous year. The total export volume increased at an average annual rate of +5.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, soups exports dropped to $102M in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 7.7%. As a result, the exports attained the peak of $108M, and then contracted in the following year.
| Export of Soups in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 14.9 | 16.3 | 18.2 | 16.7 | 3.9% |
| United States | 19.2 | 21.0 | 18.8 | 16.1 | -5.7% |
| South Korea | 12.3 | 10.0 | 11.4 | 11.5 | -2.2% |
| Hong Kong SAR | 14.5 | 13.2 | 13.5 | 11.5 | -7.4% |
| Philippines | 5.1 | 4.2 | 4.5 | 6.1 | 6.1% |
| Singapore | 5.3 | 4.6 | 5.4 | 5.3 | 0.0% |
| Australia | 4.6 | 4.5 | 4.8 | 5.1 | 3.5% |
| China | 2.1 | 3.6 | 4.4 | 4.8 | 31.7% |
| Thailand | 2.9 | 2.6 | 2.9 | 3.5 | 6.5% |
| United Kingdom | 2.0 | 1.8 | 2.5 | 2.4 | 6.3% |
| France | 1.6 | 2.2 | 2.3 | 2.3 | 12.9% |
| Canada | 2.0 | 2.2 | 2.6 | 2.2 | 3.2% |
| Malaysia | 2.2 | 1.4 | 1.5 | 1.9 | -4.8% |
| Others | 12.1 | 12.4 | 14.9 | 12.4 | 0.8% |
| Total | 101 | 100 | 108 | 102 | 0.3% |
Top Export Markets for Soups from Japan in 2022:
- Taiwan (Chinese) (3.8K tons)
- South Korea (3.3K tons)
- Hong Kong SAR (2.7K tons)
- United States (2.4K tons)
- Philippines (1.3K tons)
- Australia (1.0K tons)
- Singapore (1.0K tons)
- China (0.8K tons)
- Thailand (0.7K tons)
- United Kingdom (0.5K tons)
- Canada (0.4K tons)
- Malaysia (0.4K tons)
- France (0.3K tons)
Soups Imports in Japan
In 2022, purchases abroad of soups and broths increased by 9% to 17K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a slight downturn.
In value terms, soups imports soared to $73M in 2022. The total import value increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soups in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.7 | 10.0 | 11.9 | 18.7 | 29.1% |
| Australia | 7.8 | 8.9 | 11.0 | 13.2 | 19.2% |
| France | 7.2 | 7.5 | 8.4 | 7.8 | 2.7% |
| United States | 11.4 | 9.0 | 7.0 | 5.8 | -20.2% |
| Thailand | 7.7 | 5.7 | 4.4 | 5.0 | -13.4% |
| Belgium | 1.0 | 2.6 | 4.5 | 4.8 | 68.7% |
| Canada | 4.5 | 4.1 | 4.5 | 4.6 | 0.7% |
| New Zealand | 4.7 | 3.0 | 3.4 | 4.2 | -3.7% |
| South Korea | 4.9 | 3.6 | 2.5 | 3.0 | -15.1% |
| Others | 5.4 | 6.0 | 5.6 | 5.8 | 2.4% |
| Total | 63.4 | 60.6 | 63.2 | 72.8 | 4.7% |
Top Suppliers of Soups to Japan in 2022:
- Australia (5.5K tons)
- Thailand (2.3K tons)
- France (1.5K tons)
- South Korea (1.4K tons)
- China (1.3K tons)
- United States (1.2K tons)
- Canada (1.0K tons)
- Belgium (0.9K tons)
- New Zealand (0.9K tons)
This report provides an in-depth analysis of the soups market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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