Price for Food Preparations Not Elsewhere Specified or Included in the Netherlands - 2023

Contents:

1. Price for Food Preparations Not Elsewhere Specified or Included in the Netherlands (FOB) - 2023
2. Price for Food Preparations Not Elsewhere Specified or Included in the Netherlands (CIF) - 2023
3. Exports of Food Preparations Not Elsewhere Specified or Included in the Netherlands
4. Imports of Food Preparations Not Elsewhere Specified or Included in the Netherlands

Price for Food Preparations Not Elsewhere Specified or Included in the Netherlands (FOB) - 2023

The average export price for food preparations not elsewhere specified or included stood at $5,752 per ton in November 2023, declining by -4.9% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.5%. The pace of growth appeared the most rapid in December 2022 an increase of 25% month-to-month. Over the period under review, the average export prices hit record highs at $6,200 per ton in September 2023; however, from October 2023 to November 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the United States ($9,320 per ton), while the average price for exports to Denmark ($3,798 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 Spain (+13.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Food Preparations Not Elsewhere Specified or Included in the Netherlands (CIF) - 2023

In November 2023, the average import price for food preparations not elsewhere specified or included amounted to $5,294 per ton, therefore, remained relatively stable against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 29% m-o-m. Over the period under review, average import prices reached the maximum at $5,449 per ton in May 2023; however, from June 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($21,003 per ton), while the price for Sri Lanka ($1,755 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Israel (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Food Preparations Not Elsewhere Specified or Included in the Netherlands

For the fourth consecutive year, the Netherlands recorded growth in shipments abroad of food preparations not elsewhere specified or included, which increased by 24% to 928K tons in 2022. The total export volume increased at an average annual rate of +12.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of food preparations not elsewhere specified or included rose markedly to $4.4B in 2022. The total export value increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.

Top Export Markets for Food Preparations Not Elsewhere Specified or Included from the Netherlands in 2022:

1. Germany (156.4K tons)
2. Belgium (149.7K tons)
3. France (78.0K tons)
4. United Kingdom (74.7K tons)
5. Spain (46.1K tons)
6. Turkey (30.6K tons)
7. Poland (28.4K tons)
8. United States (26.1K tons)
9. Denmark (21.5K tons)
10. Italy (18.8K tons)
11. China (16.4K tons)
12. Sweden (16.2K tons)

Imports of Food Preparations Not Elsewhere Specified or Included in the Netherlands

In 2022, overseas purchases of food preparations not elsewhere specified or included decreased by -6.8% to 494K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +5.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year. As a result, imports attained the peak of 530K tons, and then contracted in the following year.

In value terms, imports of food preparations not elsewhere specified or included declined to $2.3B in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21%.

Top Suppliers of Food Preparations Not Elsewhere Specified or Included to the Netherlands in 2022:

1. Germany (98.1K tons)
2. Belgium (94.0K tons)
3. France (61.1K tons)
4. United Kingdom (22.4K tons)
5. United States (21.2K tons)
6. China (19.0K tons)
7. Italy (17.7K tons)
8. Sri Lanka (16.7K tons)
9. Poland (16.0K tons)
10. Ireland (15.3K tons)
11. Indonesia (14.8K tons)
12. Denmark (10.5K tons)
13. Serbia (10.3K tons)

Source: IndexBox Market Intelligence Platform