Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $6,447 per ton in November 2023, picking up by 3.5% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.6%. The pace of growth was the most pronounced in September 2023 an increase of 24% month-to-month. As a result, import price attained the peak level of $7,825 per ton. From October 2023 to November 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Austria ($7,574 per ton), while the price for Thailand ($2,648 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 Poland (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,285 per ton, reducing by -13.1% against the previous month. Over the period under review, the export price continues to indicate a noticeable shrinkage. The pace of growth was the most pronounced in February 2023 an increase of 40% m-o-m. Over the period under review, the average export prices hit record highs at $7,265 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Finland ($5,235 per ton), while the average price for exports to Latvia ($2,555 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 (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Estonia surged to 1.2K tons, growing by 21% on the previous year's figure. The total import volume increased at an average annual rate of +9.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 expanded markedly to $6.6M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached 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 Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 162 | 2,459 | 2,276 | 2,887 | 161.2% |
| Lithuania | 319 | 1,579 | 1,513 | 1,621 | 71.9% |
| Finland | 382 | 774 | 870 | 828 | 29.4% |
| Austria | 72.8 | 306 | 374 | 280 | 56.7% |
| Germany | 319 | 55.6 | 71.0 | 220 | -11.6% |
| Croatia | 104 | 130 | 157 | 212 | 26.8% |
| Poland | 669 | 478 | 388 | 211 | -31.9% |
| Netherlands | 1,685 | 61.5 | 122 | 80.8 | -63.7% |
| Spain | 290 | 8.2 | 6.4 | 9.6 | -67.9% |
| Slovakia | 483 | N/A | 9.8 | 4.9 | -78.4% |
| Others | 1,223 | 205 | 317 | 287 | -38.3% |
| Total | 5,708 | 6,056 | 6,105 | 6,641 | 5.2% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Estonia in 2022:
- Latvia (420.1 tons)
- Lithuania (341.7 tons)
- Finland (158.4 tons)
- Austria (51.6 tons)
- Croatia (49.7 tons)
- Netherlands (46.8 tons)
- Germany (29.3 tons)
- Poland (19.8 tons)
- Spain (4.7 tons)
- Slovakia (1.3 tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia
In 2022, approx. 791 tons of soups and broths and preparations therefor; homogenised composite food preparationses were exported from Estonia; dropping by -14.9% against the previous year's figure. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 1.6%.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses declined notably to $3M in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 1,009 | 1,016 | 1,230 | 1,010 | 0.0% |
| Latvia | 760 | 821 | 893 | 714 | -2.1% |
| Russia | 383 | 349 | 366 | 356 | -2.4% |
| Germany | 114 | 272 | 386 | 319 | 40.9% |
| Lithuania | 66.6 | 59.8 | 160 | 99.3 | 14.2% |
| Czech Republic | 125 | 22.2 | 70.1 | 95.2 | -8.7% |
| Ukraine | N/A | 8.4 | 45.1 | 34.2 | 101.8% |
| Sweden | 180 | 312 | 123 | 7.6 | -65.2% |
| Poland | 329 | 169 | 89.9 | 4.2 | -76.6% |
| Others | 55.1 | 341 | 336 | 397 | 93.1% |
| Total | 3,021 | 3,372 | 3,698 | 3,037 | 0.2% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Estonia in 2022:
- Latvia (363.0 tons)
- Finland (204.6 tons)
- Germany (87.3 tons)
- Russia (59.7 tons)
- Czech Republic (18.2 tons)
- Lithuania (17.2 tons)
- Ukraine (13.7 tons)
- Poland (1.2 tons)
- Sweden (0.5 tons)
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