Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda - 2022

Contents:

  1. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (FOB) - 2022
  2. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (CIF) - 2022
  3. Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda
  4. Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (FOB) - 2022

In 2022, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,576 per ton, rising by 17% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2019 when the average export price increased by 70%. The export price peaked at $3,765 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($9,129 per ton), while the average price for exports to Burundi ($1,606 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Democratic Republic of the Congo (+4.7%), while the prices for the other major destinations experienced a decline.

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (CIF) - 2022

In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,251 per ton, shrinking by -8.3% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 31% against the previous year. The import price peaked at $2,553 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Turkey ($2,997 per ton), while the price for South Africa ($2,053 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the prices for the other major suppliers experienced a decline.

Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda

In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Uganda dropped dramatically to 264 tons, which is down by -34% on the previous year's figure. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 213%. As a result, the exports attained the peak of 401 tons, and then shrank dramatically in the following year.

In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell dramatically to $681K in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 83% against the previous year. As a result, the exports attained the peak of $880K, and then contracted significantly in the following year.

Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Democratic Republic of the CongoN/A102N/A20240.7%
United Arab EmiratesN/A8.8102198374.3%
Burundi13132471118712.6%
Rwanda59.5N/AN/AN/A0%
Others14947.367.493.2-14.5%
Total34048288068126.1%

Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Uganda in 2022:

  1. Democratic Republic of the Congo (118.1 tons)
  2. Burundi (116.4 tons)
  3. United Arab Emirates (21.7 tons)

Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda

In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses imported into Uganda skyrocketed to 101 tons, picking up by 53% compared with 2021 figures. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 111% against the previous year. As a result, imports reached the peak of 136 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $227K in 2022. Overall, imports recorded strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. As a result, imports attained the peak of $292K. From 2021 to 2022, the growth of imports of remained at a lower figure.

Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Uganda (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom8.731.036.4131146.9%
South Africa22.351.858.757.236.9%
Turkey7.415.458.731.962.7%
Spain35.490.7N/AN/A156.2%
Others91.11037.66.2-59.2%
Total16529216122711.2%

Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Uganda in 2022:

  1. United Kingdom (61.1 tons)
  2. South Africa (27.8 tons)
  3. Turkey (10.7 tons)

Source: IndexBox Market Intelligence Platform

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