Price for Food Preparations Not Elsewhere Specified or Included in the UK - 2023
Contents:
- Price for Food Preparations Not Elsewhere Specified or Included in the UK (CIF) - 2023
- Price for Food Preparations Not Elsewhere Specified or Included in the UK (FOB) - 2023
- Imports of Food Preparations Not Elsewhere Specified or Included in the UK
- Exports of Food Preparations Not Elsewhere Specified or Included in the UK
Price for Food Preparations Not Elsewhere Specified or Included in the UK (CIF) - 2023
In December 2023, the average import price for food preparations not elsewhere specified or included amounted to $4,753 per ton, rising by 7.6% against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 an increase of 18% m-o-m. As a result, import price attained the peak level of $5,512 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 the United States ($14,251 per ton), while the price for Thailand ($1,367 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 the United States (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Food Preparations Not Elsewhere Specified or Included in the UK (FOB) - 2023
In December 2023, the average export price for food preparations not elsewhere specified or included amounted to $9,371 per ton, surging by 3.2% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 9.8% m-o-m. The export price peaked at $10,218 per ton in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($19,763 per ton), while the average price for exports to Saudi Arabia ($2,738 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 Ireland (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Food Preparations Not Elsewhere Specified or Included in the UK
In 2022, imports of food preparations not elsewhere specified or included into the UK surged to 447K tons, picking up by 22% against 2021. Overall, imports, however, recorded a relatively flat trend pattern.
In value terms, imports of food preparations not elsewhere specified or included surged to $1.9B in 2022. In general, imports recorded a relatively flat trend pattern.
| Import of Food Preparations Not Elsewhere Specified or Included in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 238 | 284 | 257 | 343 | 13.0% |
| Denmark | 228 | 182 | 168 | 222 | -0.9% |
| Netherlands | 237 | 235 | 178 | 202 | -5.2% |
| France | 127 | 127 | 115 | 157 | 7.3% |
| United States | 198 | 227 | 137 | 143 | -10.3% |
| Italy | 34.8 | 35.5 | 34.7 | 78.1 | 30.9% |
| Belgium | 94.0 | 101 | 82.8 | 73.9 | -7.7% |
| Ireland | 331 | 372 | 67.0 | 73.6 | -39.4% |
| China | 52.1 | 67.2 | 83.8 | 73.1 | 12.0% |
| Poland | 33.8 | 34.7 | 42.0 | 68.9 | 26.8% |
| Thailand | 37.5 | 40.5 | 44.6 | 47.3 | 8.0% |
| Greece | 30.6 | 39.6 | 30.2 | 40.5 | 9.8% |
| Indonesia | 15.8 | 15.2 | 16.0 | 24.1 | 15.1% |
| Others | 254 | 283 | 353 | 372 | 13.6% |
| Total | 1,911 | 2,044 | 1,609 | 1,918 | 0.1% |
Top Suppliers of Food Preparations Not Elsewhere Specified or Included to the UK in 2022:
- Germany (83.1K tons)
- Netherlands (64.2K tons)
- Denmark (52.1K tons)
- Ireland (34.3K tons)
- Belgium (33.3K tons)
- France (31.3K tons)
- Thailand (28.4K tons)
- United States (13.4K tons)
- China (13.3K tons)
- Poland (11.7K tons)
- Italy (8.8K tons)
- Indonesia (7.1K tons)
- Greece (7.0K tons)
Exports of Food Preparations Not Elsewhere Specified or Included in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of food preparations not elsewhere specified or included, which decreased by -0.6% to 198K tons in 2022. In general, exports saw a abrupt setback.
In value terms, exports of food preparations not elsewhere specified or included shrank modestly to $1.7B in 2022. Over the period under review, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 1.9%. As a result, the exports reached the peak of $1.8B. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Food Preparations Not Elsewhere Specified or Included in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 160 | 168 | 205 | 195 | 6.8% |
| Germany | 288 | 298 | 159 | 142 | -21.0% |
| Ireland | 167 | 169 | 192 | 132 | -7.5% |
| France | 83.6 | 77.9 | 105 | 112 | 10.2% |
| United States | 97.6 | 110 | 113 | 112 | 4.7% |
| China | 47.9 | 71.4 | 64.2 | 96.3 | 26.2% |
| Australia | 39.6 | 50.8 | 53.6 | 50.0 | 8.1% |
| United Arab Emirates | 26.9 | 28.8 | 32.6 | 44.5 | 18.3% |
| Saudi Arabia | 50.0 | 31.4 | 30.0 | 41.5 | -6.0% |
| Sweden | 54.0 | 47.3 | 33.6 | 32.1 | -15.9% |
| Thailand | 15.6 | 13.2 | 11.1 | 23.4 | 14.5% |
| South Korea | 17.6 | 16.5 | 24.1 | 22.6 | 8.7% |
| Indonesia | 8.6 | 5.8 | 8.8 | 14.0 | 17.6% |
| Others | 714 | 716 | 635 | 638 | -3.7% |
| Total | 1,770 | 1,804 | 1,668 | 1,656 | -2.2% |
Top Export Markets for Food Preparations Not Elsewhere Specified or Included from the UK in 2022:
- Netherlands (21.9K tons)
- Ireland (21.7K tons)
- France (16.0K tons)
- United States (9.5K tons)
- Germany (8.8K tons)
- Saudi Arabia (8.7K tons)
- United Arab Emirates (7.7K tons)
- Australia (7.6K tons)
- South Korea (7.1K tons)
- Thailand (5.5K tons)
- Indonesia (4.6K tons)
- China (4.4K tons)
- Sweden (4.3K tons)
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