Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK (CIF) - 2023
The average import price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $4,597 per ton in December 2023, growing by 2.4% against the previous month. Overall, the import price, however, saw a mild downturn. The pace of growth appeared the most rapid in March 2023 an increase of 22% month-to-month. As a result, import price reached the peak level of $5,314 per ton. From April 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Ireland ($7,770 per ton), while the price for the Netherlands ($3,167 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 Poland (+3.7%), 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 the UK (FOB) - 2023
In December 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,947 per ton, increasing by 4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 24% m-o-m. The export price peaked at $4,280 per ton in July 2023; however, from August 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was France ($12,943 per ton), while the average price for exports to the Netherlands ($1,346 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+6.6%), 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 the UK
In 2022, supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses increased by 10% to 51K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a abrupt curtailment.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $192M in 2022. Overall, imports, however, recorded a relatively flat trend pattern.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 26.4 | 23.3 | 21.9 | 42.4 | 17.1% |
| Italy | 27.1 | 23.5 | 24.5 | 30.9 | 4.5% |
| Netherlands | 48.4 | 40.5 | 31.0 | 24.3 | -20.5% |
| Spain | 7.6 | 18.7 | 13.1 | 24.0 | 46.7% |
| Ireland | 14.3 | 13.3 | 7.4 | 19.7 | 11.3% |
| Portugal | 4.6 | 8.3 | 9.6 | 11.6 | 36.1% |
| Germany | 11.0 | 15.2 | 11.2 | 10.4 | -1.9% |
| Poland | 20.6 | 17.8 | 11.6 | 4.9 | -38.0% |
| Others | 33.4 | 20.0 | 21.2 | 23.4 | -11.2% |
| Total | 193 | 181 | 151 | 192 | -0.2% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to the UK in 2022:
- Netherlands (10.3K tons)
- Italy (9.2K tons)
- France (8.5K tons)
- Spain (6.8K tons)
- Ireland (3.4K tons)
- Portugal (3.2K tons)
- Germany (2.8K tons)
- Poland (2.1K tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK
In 2022, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -8.7% to 16K tons, falling for the second year in a row after two years of growth. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 13% against the previous year. As a result, the exports reached the peak of 25K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses expanded sharply to $54M in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 11%. As a result, the exports attained the peak of $91M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 15.0 | 18.3 | 7.8 | 10.3 | -11.8% |
| Ghana | 2.7 | 7.8 | 6.7 | 9.5 | 52.1% |
| Ireland | 30.8 | 31.5 | 8.4 | 6.5 | -40.5% |
| Netherlands | 2.0 | 2.1 | 3.5 | 3.7 | 22.8% |
| France | 3.7 | 2.7 | 3.5 | 3.7 | 0.0% |
| Singapore | 0.4 | 1.6 | 3.4 | 2.7 | 89.0% |
| Kenya | 1.6 | 1.3 | 1.2 | 1.7 | 2.0% |
| United Arab Emirates | 1.1 | 1.7 | 1.3 | 1.4 | 8.4% |
| Hong Kong SAR | 0.6 | 1.4 | 1.0 | 1.3 | 29.4% |
| Pakistan | 1.7 | 0.3 | 0.2 | 0.5 | -33.5% |
| Spain | 1.6 | 2.1 | 0.9 | 0.5 | -32.1% |
| Cote d'Ivoire | 0.4 | 1.1 | 0.6 | 0.4 | 0.0% |
| Others | 19.8 | 18.8 | 11.9 | 11.8 | -15.8% |
| Total | 81.6 | 90.5 | 50.6 | 53.9 | -12.9% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from the UK in 2022:
- Nigeria (3.1K tons)
- Ghana (2.8K tons)
- Ireland (2.5K tons)
- Netherlands (1.8K tons)
- Singapore (0.6K tons)
- France (0.6K tons)
- United Arab Emirates (0.4K tons)
- Kenya (0.4K tons)
- Cote d'Ivoire (0.4K tons)
- Hong Kong SAR (0.4K tons)
- Pakistan (0.3K tons)
- Spain (0.2K tons)
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