Price for Food Preparations Not Elsewhere Specified or Included in Japan - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in Japan (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in Japan (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in Japan
- Exports of Food Preparations Not Elsewhere Specified or Included in Japan
Price for Food Preparations Not Elsewhere Specified or Included in Japan (CIF) - 2023
In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $2,657 per ton, picking up by 3% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 13% against the previous month. The import price peaked at $2,946 per ton in March 2023; however, from April 2023 to November 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($14,582 per ton), while the price for Thailand ($978 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in Japan (FOB) - 2023
In November 2023, the average export price for food preparations not elsewhere specified or included amounted to $17,074 per ton, declining by -6.9% against the previous month. In general, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in August 2023 an increase of 14% against the previous month. The export price peaked at $21,379 per ton in December 2022; however, from January 2023 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($65,137 per ton), while the average price for exports to Australia ($4,953 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Food Preparations Not Elsewhere Specified or Included in Japan
In 2022, approx. 390K tons of food preparations not elsewhere specified or included were imported into Japan; with an increase of 3.1% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern.
In value terms, imports of food preparations not elsewhere specified or included totaled $1B in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Food Preparations Not Elsewhere Specified or Included in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 239 | 230 | 236 | 220 | -2.7% |
| South Korea | 170 | 163 | 182 | 190 | 3.8% |
| China | 121 | 107 | 119 | 140 | 5.0% |
| Singapore | 98.8 | 86.9 | 78.7 | 95.3 | -1.2% |
| Thailand | 76.5 | 65.4 | 69.2 | 79.5 | 1.3% |
| New Zealand | 77.0 | 78.4 | 64.9 | 66.2 | -4.9% |
| Netherlands | 45.9 | 44.6 | 39.1 | 37.2 | -6.8% |
| Malaysia | 23.3 | 17.6 | 20.7 | 24.1 | 1.1% |
| Vietnam | 2.8 | 7.7 | 9.8 | 13.6 | 69.4% |
| Others | 153 | 161 | 172 | 163 | 2.1% |
| Total | 1,008 | 961 | 991 | 1,028 | 0.7% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to Japan in 2022:
- South Korea (150.9K tons)
- Thailand (87.0K tons)
- China (42.0K tons)
- Singapore (30.9K tons)
- New Zealand (15.2K tons)
- Malaysia (14.8K tons)
- Vietnam (11.5K tons)
- United States (10.5K tons)
- Netherlands (6.3K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in Japan
In 2022, approx. 46K tons of food preparations not elsewhere specified or included were exported from Japan; remaining relatively unchanged against the previous year's figure. The total export volume increased at an average annual rate of +9.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, exports of food preparations not elsewhere specified or included fell notably to $935M in 2022. In general, total exports indicated moderate growth from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 decreased by -22.5% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports attained the peak of $1.2B. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 174 | 262 | 301 | 306 | 20.7% |
| Hong Kong SAR | 250 | 488 | 345 | 156 | -14.5% |
| Taiwan (Chinese) | 71.0 | 87.7 | 98.8 | 110 | 15.7% |
| Vietnam | 46.4 | 65.3 | 84.8 | 89.9 | 24.7% |
| United States | 99.1 | 89.5 | 99.3 | 79.1 | -7.2% |
| South Korea | 45.8 | 46.5 | 56.3 | 41.8 | -3.0% |
| Singapore | 19.1 | 19.9 | 27.9 | 27.1 | 12.4% |
| Malaysia | 15.5 | 22.4 | 26.2 | 18.0 | 5.1% |
| Thailand | 13.0 | 13.9 | 16.4 | 13.8 | 2.0% |
| Philippines | 10.9 | 9.2 | 13.0 | 11.5 | 1.8% |
| Netherlands | 9.2 | 10.1 | 10.6 | 11.2 | 6.8% |
| Australia | 7.2 | 6.7 | 8.3 | 7.9 | 3.1% |
| United Arab Emirates | 2.2 | 1.5 | 2.2 | 5.2 | 33.2% |
| Others | 69.1 | 84.8 | 107 | 58.2 | -5.6% |
| Total | 832 | 1,207 | 1,197 | 935 | 4.0% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from Japan in 2022:
- Hong Kong SAR (10.3K tons)
- United States (6.9K tons)
- South Korea (5.3K tons)
- Taiwan (Chinese) (5.1K tons)
- China (5.1K tons)
- Singapore (2.0K tons)
- Vietnam (2.0K tons)
- Australia (1.2K tons)
- Netherlands (1.2K tons)
- Malaysia (1.0K tons)
- Thailand (1.0K tons)
- United Arab Emirates (0.8K tons)
- Philippines (0.7K tons)
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