Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India (FOB) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India (CIF) - 2022
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India (FOB) - 2023
In November 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $2,406 per ton, growing by 15% against the previous month. In general, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in July 2023 an increase of 26% against the previous month. The export price peaked at $2,816 per ton in November 2022; however, from December 2022 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Australia ($6,461 per ton), while the average price for exports to the United States ($1,771 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 Australia (+4.2%), 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 India (CIF) - 2022
In 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $3,343 per ton, shrinking by -37.2% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 71%. Over the period under review, average import prices reached the peak figure at $6,203 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($26,271 per ton), while the price for Thailand ($1,387 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+18.9%), 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 India
For the fourth year in a row, India recorded growth in overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses, which increased by 34% to 2.2K tons in 2022. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 35% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses skyrocketed to $5.8M in 2022. The total export value increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 158 | 869 | 1,385 | 2,326 | 145.1% |
| United States | 1,505 | 1,968 | 1,230 | 1,370 | -3.1% |
| Nepal | 1,379 | 485 | 919 | 554 | -26.2% |
| Bhutan | 119 | 280 | 265 | 308 | 37.3% |
| Canada | 142 | 294 | 222 | 277 | 24.9% |
| Bangladesh | 203 | 116 | 220 | 215 | 1.9% |
| United Arab Emirates | 130 | 159 | 109 | 175 | 10.4% |
| Australia | 166 | 173 | 235 | 165 | -0.2% |
| Others | 356 | 368 | 426 | 450 | 8.1% |
| Total | 4,158 | 4,712 | 5,011 | 5,840 | 12.0% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from India in 2022:
- South Korea (984.5 tons)
- United States (619.2 tons)
- Nepal (107.6 tons)
- Bangladesh (107.0 tons)
- Canada (93.7 tons)
- Bhutan (57.0 tons)
- Australia (54.0 tons)
- United Arab Emirates (37.1 tons)
Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India
In 2022, approx. 48 tons of soups and broths and preparations therefor; homogenised composite food preparationses were imported into India; jumping by 119% compared with 2021. Overall, imports, however, continue to indicate a dramatic downturn.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses soared to $161K in 2022. In general, imports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year.
| Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.6 | 0.7 | 3.1 | 39.8 | 105.3% |
| Thailand | 26.8 | 0.8 | 3.4 | 39.4 | 13.7% |
| South Korea | 2.8 | 0.1 | 0.3 | 24.9 | 107.2% |
| France | 1.0 | 0.2 | 1.6 | 20.0 | 171.4% |
| United States | 3.7 | 0.6 | 1.6 | 13.9 | 55.5% |
| China | 0.6 | N/A | 0.1 | 9.6 | 152.0% |
| United Kingdom | 19.1 | 0.6 | 0.6 | 3.7 | -42.1% |
| United Arab Emirates | 184 | 72.8 | 104 | N/A | -24.8% |
| Others | 1.6 | 0.7 | 2.1 | 9.7 | 82.3% |
| Total | 244 | 76.5 | 117 | 161 | -12.9% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to India in 2022:
- Thailand (28.4 tons)
- South Korea (10.3 tons)
- Germany (4.1 tons)
- China (1.9 tons)
- United States (0.9 tons)
- France (0.8 tons)
- United Kingdom (0.7 tons)
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