Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa - 2024
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa (FOB) - 2024
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa (FOB) - 2024
The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,165 per ton in January 2024, dropping by -3.8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 28% m-o-m. The export price peaked at $2,256 per ton in October 2023; however, from November 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Botswana ($3,225 per ton), while the average price for exports to Nigeria ($298 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 Namibia (+1.2%), 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 South Africa (CIF) - 2022
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $2,077 per ton in 2022, increasing by 2.3% against the previous year. Over the period under review, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2018 an increase of 130%. The import price peaked at $2,723 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,730 per ton), while the price for Canada ($131 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+7.7%), 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 South Africa
In 2022, approx. 40K tons of soups and broths and preparations therefor; homogenised composite food preparationses were exported from South Africa; rising by 16% against the year before. The total export volume increased at an average annual rate of +15.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses rose markedly to $87M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.5% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mozambique | 23.7 | 35.7 | 42.0 | 48.8 | 27.2% |
| Namibia | 7.6 | 7.0 | 8.0 | 8.0 | 1.7% |
| Botswana | 6.8 | 6.4 | 6.3 | 7.2 | 1.9% |
| Nigeria | 3.3 | 5.3 | 3.1 | 4.8 | 13.3% |
| Swaziland | 2.5 | 2.4 | 3.9 | 3.4 | 10.8% |
| Sudan | 3.4 | 3.8 | 3.0 | 3.0 | -4.1% |
| Lesotho | 1.6 | 2.4 | 2.7 | 2.6 | 17.6% |
| Liberia | 0.7 | 0.4 | 0.6 | 1.2 | 19.7% |
| Others | 5.4 | 6.7 | 7.4 | 7.8 | 13.0% |
| Total | 55.1 | 70.0 | 76.9 | 86.8 | 16.4% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from South Africa in 2022:
- Mozambique (23.8K tons)
- Namibia (3.3K tons)
- Nigeria (2.3K tons)
- Botswana (2.1K tons)
- Sudan (1.7K tons)
- Swaziland (1.6K tons)
- Lesotho (1.0K tons)
- Liberia (0.7K tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses increased by 39% to 1.2K tons for the first time since 2019, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached 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 skyrocketed to $2.6M in 2022. Over the period under review, imports, however, saw a abrupt decrease.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 0.3 | 0.7 | 0.5 | 597 | 1157.8% |
| Italy | 663 | 562 | 350 | 502 | -8.9% |
| United States | 717 | 865 | 405 | 336 | -22.3% |
| United Kingdom | 87.5 | 105 | 169 | 251 | 42.1% |
| Germany | 429 | 355 | 250 | 187 | -24.2% |
| Thailand | 146 | 241 | 52.3 | 121 | -6.1% |
| Ghana | 10.2 | 10.4 | 13.6 | 29.8 | 43.0% |
| China | 29.6 | 16.9 | 62.9 | 4.7 | -45.8% |
| Sweden | 471 | 62.3 | N/A | N/A | -86.8% |
| Others | 508 | 479 | 511 | 556 | 3.1% |
| Total | 3,062 | 2,697 | 1,814 | 2,584 | -5.5% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to South Africa in 2022:
- United States (339.3 tons)
- Turkey (236.9 tons)
- Italy (189.7 tons)
- Ghana (113.9 tons)
- United Kingdom (107.9 tons)
- Thailand (52.2 tons)
- Germany (39.5 tons)
- China (15.9 tons)
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