Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana - 2023
Contents:
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (CIF) - 2023
- Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (FOB) - 2023
- Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana
- Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (CIF) - 2023
In December 2023, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,353 per ton, falling by -27.5% against the previous month. In general, the import price saw a mild downturn. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 66% m-o-m. Over the period under review, average import prices reached the maximum at $2,133 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the country with the highest price was Nigeria ($1,821 per ton), while the price for Spain ($1,299 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 Spain (+19.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (FOB) - 2023
In December 2023, the average export price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,612 per ton, with a decrease of -38.5% against the previous month. In general, the export price recorded a mild downturn. The growth pace was the most rapid in April 2023 an increase of 18% month-to-month. The export price peaked at $2,621 per ton in November 2023, and then contracted remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($2,655 per ton), while the average price for exports to Canada ($469 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 Burkina Faso (+6.3%), 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 Ghana
In 2022, overseas purchases of soups and broths and preparations therefor; homogenised composite food preparationses were finally on the rise to reach 22K tons after two years of decline. Overall, imports, however, recorded a abrupt contraction.
In value terms, imports of soups and broths and preparations therefor; homogenised composite food preparationses expanded to $41M in 2022. In general, imports, however, continue to indicate a abrupt slump.
Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cote d'Ivoire | 19.5 | 14.3 | 10.4 | 9.3 | -21.9% |
United Kingdom | 2.7 | 7.7 | 6.5 | 7.9 | 43.0% |
Spain | 4.8 | 6.1 | 6.5 | 7.4 | 15.5% |
Nigeria | 4.4 | 3.0 | 2.7 | 4.2 | -1.5% |
France | 3.5 | 0.8 | 1.6 | 1.6 | -23.0% |
Senegal | 1.1 | 1.3 | 2.6 | 1.1 | 0.0% |
Others | 11.8 | 8.2 | 10.0 | 9.3 | -7.6% |
Total | 47.8 | 41.4 | 40.2 | 40.8 | -5.1% |
Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Ghana in 2022:
- Cote d'Ivoire (6.3K tons)
- Spain (3.7K tons)
- Nigeria (3.2K tons)
- United Kingdom (2.9K tons)
- Senegal (0.8K tons)
- France (0.4K tons)
Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana
In 2022, overseas shipments of soups and broths and preparations therefor; homogenised composite food preparationses decreased by -11.2% to 1.9K tons, falling for the second year in a row after two years of growth. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -12.8% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 59% against the previous year. As a result, the exports attained the peak of 2.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses fell to $2.5M in 2022. The total export value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year.
Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Ghana (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Togo | 330 | 792 | 1,088 | 1,331 | 59.2% |
United Kingdom | 474 | 509 | 658 | 341 | -10.4% |
Netherlands | 16.7 | 51.6 | 183 | 206 | 131.1% |
Senegal | N/A | N/A | N/A | 151 | 0% |
United States | 11.8 | 187 | 93.3 | 42.6 | 53.4% |
Italy | 39.3 | 58.3 | 67.9 | 29.2 | -9.4% |
South Africa | 10.2 | 10.4 | 13.6 | 21.2 | 27.6% |
United Arab Emirates | N/A | 0.3 | 0.6 | 18.9 | 693.7% |
Cote d'Ivoire | 404 | 512 | 126 | 4.9 | -77.0% |
Others | 605 | 203 | 421 | 342 | -17.3% |
Total | 1,890 | 2,323 | 2,652 | 2,487 | 9.6% |
Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Ghana in 2022:
- Togo (1145.8 tons)
- South Africa (178.4 tons)
- United Kingdom (173.9 tons)
- Senegal (99.6 tons)
- Netherlands (86.2 tons)
- United Arab Emirates (39.3 tons)
- United States (15.9 tons)
- Italy (15.6 tons)
- Cote d'Ivoire (5.7 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>
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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.