Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia (CIF) - 2023
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $5,083 per ton, almost unchanged from the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in January 2023 when the average export price increased by 9.8% against the previous month. Over the period under review, the average export prices attained the peak figure at $5,628 per ton in July 2023; however, from August 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 Austria ($7,941 per ton), while the average price for exports to Romania ($3,112 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 Hungary (+2.9%), 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 Slovakia (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,704 per ton in October 2023, with an increase of 7.3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.4%. The most prominent rate of growth was recorded in April 2023 an increase of 9.1% m-o-m. The import price peaked at $4,794 per ton in June 2023; however, from July 2023 to October 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the Czech Republic ($5,176 per ton), while the price for Germany ($3,296 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), 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 Slovakia
In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Slovakia stood at 29K tons, approximately mirroring the previous year's figure. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +14.9% 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 +56.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses rose rapidly to $123M in 2022. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 55%. The exports peaked in 2022 and are likely to see steady growth in years to come.
Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Poland | 23.3 | 24.4 | 36.7 | 39.4 | 19.1% |
France | 1.4 | 5.1 | 24.4 | 24.7 | 160.3% |
Czech Republic | 7.5 | 8.5 | 13.7 | 15.0 | 26.0% |
Austria | 6.6 | 6.4 | 7.5 | 9.1 | 11.3% |
Netherlands | 1.9 | 2.5 | 5.7 | 5.8 | 45.1% |
Hungary | 5.6 | 6.2 | 5.8 | 5.6 | 0.0% |
Slovenia | 0.9 | 1.5 | 3.4 | 4.3 | 68.4% |
Bulgaria | 2.2 | 2.6 | 2.2 | 2.2 | 0.0% |
Greece | 3.0 | 3.1 | 2.0 | 2.1 | -11.2% |
Spain | 1.4 | 1.7 | 2.3 | 1.7 | 6.7% |
Romania | 1.8 | 2.0 | 1.8 | 1.6 | -3.9% |
Italy | 1.9 | 2.1 | 1.8 | 1.3 | -11.9% |
Lithuania | 1.5 | 1.7 | 1.6 | 1.3 | -4.7% |
Others | 6.4 | 7.5 | 8.1 | 8.6 | 10.4% |
Total | 65.3 | 75.3 | 117 | 123 | 23.5% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Slovakia in 2022:
- Poland (7.6K tons)
- France (6.9K tons)
- Czech Republic (3.3K tons)
- Netherlands (1.7K tons)
- Austria (1.5K tons)
- Hungary (1.4K tons)
- Slovenia (0.8K tons)
- Romania (0.7K tons)
- Bulgaria (0.7K tons)
- Greece (0.6K tons)
- Spain (0.6K tons)
- Italy (0.5K tons)
- Lithuania (0.5K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia
For the fourth year in a row, Slovakia recorded growth in overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 3.1% to 5.2K tons in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +15.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses rose markedly to $19M in 2022. Overall, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 59%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Slovakia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Czech Republic | 6.4 | 6.9 | 12.3 | 12.9 | 26.3% |
Poland | 0.9 | 1.5 | 1.8 | 2.0 | 30.5% |
Hungary | 0.7 | 0.9 | 1.0 | 1.1 | 16.3% |
Germany | 0.6 | 0.6 | 0.6 | 0.9 | 14.5% |
France | N/A | 0.2 | 0.2 | 0.5 | 58.1% |
Spain | 0.9 | 0.5 | 1.1 | 0.3 | -30.7% |
Others | 1.3 | 0.6 | 0.7 | 1.1 | -5.4% |
Total | 10.9 | 11.2 | 17.8 | 18.7 | 19.7% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Slovakia in 2022:
- Czech Republic (3217.7 tons)
- Poland (866.0 tons)
- Hungary (376.8 tons)
- Germany (258.9 tons)
- France (101.6 tons)
- Spain (84.5 tons)
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Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
Global canned food imports amounted to X tons in 2016, remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X% from X>
Germany continued its dominance in the global trade of homogenized composite food preparations. In 2014, Germany exported X thousand tons of homogenized composite food preparations totaling X million USD, X% under the previous year. Its primary tra
Global demand for soups and broths is expected to continue rising over the next seven years. The market is forecasted to experience growth in both volume and value terms, reaching 9.7M tons and $34.9B respectively by 2030.