Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria - 2023

Contents:

  1. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria (FOB) - 2023
  2. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria (CIF) - 2023
  3. Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria
  4. Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria (FOB) - 2023

The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $5,683 per ton in November 2023, standing approximately at the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 13% month-to-month. The export price peaked in November 2023.

There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Bulgaria ($6,857 per ton), while the average price for exports to Sweden ($3,533 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 Germany (+3.2%), 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 Austria (CIF) - 2023

In November 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,326 per ton, picking up by 3.5% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The most prominent rate of growth was recorded in June 2023 an increase of 9.4% m-o-m. The import price peaked at $4,867 per ton in August 2023; however, from September 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 Switzerland ($7,419 per ton), while the price for the Czech Republic ($2,878 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 Switzerland (+3.5%), 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 Austria

For the fourth consecutive year, Austria recorded growth in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 9.8% to 16K tons in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 +68.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses amounted to $62M in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.2% 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 +73.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 39%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany13.123.934.639.444.3%
Sweden8.19.43.43.4-25.1%
France1.41.62.62.318.0%
Italy1.00.91.21.821.6%
Slovenia1.21.31.41.57.7%
Hungary1.01.61.61.411.9%
Poland0.40.91.21.244.2%
Bulgaria1.11.21.11.10.0%
Greece0.20.61.01.071.0%
Others8.08.29.48.72.8%
Total35.649.657.761.720.1%

Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Austria in 2022:

  1. Germany (10.5K tons)
  2. Sweden (1.3K tons)
  3. Italy (0.5K tons)
  4. France (0.4K tons)
  5. Slovenia (0.4K tons)
  6. Poland (0.3K tons)
  7. Greece (0.3K tons)
  8. Hungary (0.3K tons)
  9. Bulgaria (0.2K tons)

Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Austria

Imports of soups and broths and preparations therefor; homogenised composite food preparationses into Austria expanded sharply to 13K tons in 2022, with an increase of 15% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. 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 reached $44M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained 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 Austria (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany17.320.222.121.67.7%
Hungary11.810.69.57.4-14.4%
Czech Republic0.60.20.94.392.8%
Netherlands2.11.82.23.012.6%
RomaniaN/AN/A0.11.51400.0%
Switzerland2.21.81.71.5-12.0%
DenmarkN/A0.20.21.0123.6%
Slovakia3.02.82.11.0-30.7%
Italy0.70.60.40.70.0%
Others2.42.72.92.0-5.9%
Total40.240.942.043.93.0%

Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Austria in 2022:

  1. Germany (5.9K tons)
  2. Hungary (2.1K tons)
  3. Czech Republic (1.9K tons)
  4. Netherlands (0.6K tons)
  5. Romania (0.4K tons)
  6. Italy (0.4K tons)
  7. Denmark (0.3K tons)
  8. Switzerland (0.3K tons)
  9. Slovakia (0.2K tons)

Source: IndexBox Market Intelligence Platform

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