Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand (CIF) - 2024
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand (FOB) - 2024
In January 2024, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,193 per ton, dropping by -32.5% against the previous month. In general, the export price saw a mild setback. The pace of growth appeared the most rapid in June 2023 an increase of 14% month-to-month. The export price peaked at $3,856 per ton in October 2023; however, from November 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4,331 per ton), while the average price for exports to Fiji ($2,024 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.0%), 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 New Zealand (CIF) - 2024
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,417 per ton in January 2024, growing by 8.9% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 44% month-to-month. As a result, import price attained the peak level of $4,639 per ton. From October 2023 to January 2024, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were the UK ($4,749 per ton) and China ($4,613 per ton), while the price for Japan ($3,540 per ton) and Thailand ($4,139 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+2.2%), 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 New Zealand
In 2022, after two years of decline, there was significant growth in shipments abroad of soups and broths and preparations therefor; homogenised composite food preparationses, when their volume increased by 11% to 20K tons. Overall, exports, however, showed a abrupt contraction.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses expanded modestly to $51M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 42.4 | 43.3 | 36.6 | 35.4 | -5.8% |
| Japan | 2.5 | 1.9 | 2.7 | 5.0 | 26.0% |
| Papua New Guinea | 3.0 | 3.1 | 4.1 | 4.0 | 10.1% |
| South Korea | N/A | 0.2 | 2.4 | 3.6 | 324.3% |
| Others | 2.2 | 2.4 | 3.1 | 3.0 | 10.9% |
| Total | 50.2 | 50.9 | 48.7 | 51.0 | 0.5% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from New Zealand in 2022:
- Australia (15.0K tons)
- Japan (1.7K tons)
- Papua New Guinea (1.2K tons)
- South Korea (1.1K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand
After three years of growth, supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -0.7% to 5K tons in 2022. The total import volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 7.2%.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses totaled $20M in 2022. The total import value increased at an average annual rate of +8.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 13%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 11.5 | 12.2 | 14.9 | 14.4 | 7.8% |
| United Kingdom | 0.7 | 1.2 | 0.8 | 1.4 | 26.0% |
| Japan | 0.9 | 0.8 | 1.1 | 0.9 | 0.0% |
| Thailand | 0.8 | 0.8 | 0.6 | 0.8 | 0.0% |
| China | 0.2 | 1.0 | 0.7 | 0.7 | 51.8% |
| South Korea | 0.3 | 0.3 | 0.4 | 0.4 | 10.1% |
| United States | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Others | 1.1 | 1.2 | 1.1 | 1.4 | 8.4% |
| Total | 15.9 | 18.0 | 19.9 | 20.1 | 8.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to New Zealand in 2022:
- Australia (3706.8 tons)
- United Kingdom (326.9 tons)
- Japan (216.3 tons)
- Thailand (204.6 tons)
- China (164.4 tons)
- South Korea (91.7 tons)
- United States (46.3 tons)
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