Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (FOB) - 2022
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (FOB) - 2022
In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $4,868 per ton, with an increase of 6.5% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soups and broths and preparations therefor; homogenised composite food preparationses increased by +56.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 47% against the previous year. The export price peaked in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($15,429 per ton), while the average price for exports to Taiwan (Chinese) ($2,205 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.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,569 per ton in December 2023, which is down by -4.4% against the previous month. Overall, the import price saw a perceptible descent. The pace of growth was the most pronounced in January 2023 an increase of 41% m-o-m. Over the period under review, average import prices reached the maximum at $4,848 per ton in March 2023; however, from April 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Austria ($22,333 per ton), while the price for Japan ($1,954 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Austria (+9.4%), 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 China
In 2022, after three years of growth, there was significant decline in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, when their volume decreased by -21.3% to 21K tons. Overall, exports continue to indicate a noticeable reduction. The growth pace was the most rapid in 2020 when exports increased by 10% against the previous year.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses shrank notably to $104M in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +10.2% 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 +33.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 52% against the previous year. As a result, the exports reached the peak of $124M, and then contracted markedly in the following year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 28.0 | 29.3 | 53.2 | 35.8 | 8.5% |
| Japan | 29.4 | 31.7 | 36.0 | 30.7 | 1.5% |
| Thailand | 1.4 | 2.4 | 4.5 | 15.8 | 124.3% |
| Singapore | 7.8 | 6.6 | 7.2 | 5.4 | -11.5% |
| United States | 2.2 | 3.7 | 5.6 | 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 | 5.1 | 4.1 | 14.5 | 9.4 | 22.6% |
| Total | 77.6 | 81.5 | 124 | 104 | 10.3% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations 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)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -40.6% to 3.4K tons, falling for the second year in a row after two years of growth. Overall, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of 6.3K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses declined sharply to $15M in 2022. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 15% against the previous year. As a result, imports attained the peak of $28M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 3.8 | 4.2 | 5.9 | 5.7 | 14.5% |
| France | 1.7 | 4.0 | 5.8 | 1.9 | 3.8% |
| Spain | 0.8 | 1.9 | 1.8 | 1.7 | 28.6% |
| Australia | 4.5 | 5.9 | 3.2 | 1.0 | -39.4% |
| Austria | N/A | 0.2 | 1.0 | 0.8 | 100.0% |
| Germany | 1.2 | 1.3 | 0.9 | 0.7 | -16.4% |
| Malaysia | 0.8 | 0.5 | 0.6 | 0.6 | -9.1% |
| New Zealand | 0.9 | 0.7 | 1.0 | 0.5 | -17.8% |
| United States | 6.6 | 6.1 | 1.8 | 0.4 | -60.7% |
| United Kingdom | 0.4 | 0.7 | 0.8 | 0.3 | -9.1% |
| Canada | 0.8 | 0.1 | 0.4 | 0.2 | -37.0% |
| Taiwan (Chinese) | 0.8 | 1.0 | 0.4 | 0.2 | -37.0% |
| South Korea | 0.2 | 0.3 | 0.2 | 0.2 | 0.0% |
| Others | 2.2 | 1.7 | 1.9 | 0.5 | -39.0% |
| Total | 24.6 | 28.5 | 25.8 | 14.8 | -15.6% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to China in 2022:
- Japan (1469.9 tons)
- Spain (446.3 tons)
- France (261.0 tons)
- Australia (239.5 tons)
- Germany (198.1 tons)
- Malaysia (138.8 tons)
- Austria (105.9 tons)
- United Kingdom (96.2 tons)
- New Zealand (70.9 tons)
- South Korea (62.2 tons)
- Canada (55.3 tons)
- United States (34.8 tons)
- Taiwan (Chinese) (27.5 tons)
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