EU: Soups Market 2024

Soups Market Size in the EU

The EU soups market contracted modestly to $X in 2023, leveling off at the previous year. In general, consumption continues to indicate a mild contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Soups Production in the EU

In value terms, soups production dropped to $X in 2023 estimated in export price. Over the period under review, production saw a mild setback. The pace of growth was the most pronounced in 2022 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Soups Exports

Exports in the EU

In 2023, exports of soups and broths in the European Union shrank to X tons, reducing by X% on 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, soups exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Spain (X tons), distantly followed by Germany (X tons), Poland (X tons), the Netherlands (X tons), Italy (X tons), France (X tons), Portugal (X tons), Slovakia (X tons) and Belgium (X tons) were the key exporters of soups and broths, together making up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Germany ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2023, together comprising X% of total exports. Poland, Slovakia, Italy, Portugal, Belgium and France lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the other leaders experienced more modest paces of growth.

Soups Imports

Imports in the EU

In 2023, the amount of soups and broths imported in the European Union shrank slightly to X tons, dropping by X% on 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, soups imports soared to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of soups imports in 2023 were the Netherlands (X tons), Germany (X tons), France (X tons) and Belgium (X tons), together resulting at X% of total import. It was distantly followed by Sweden (X tons), creating a X% share of total imports. The following importers - Italy (X tons), Spain (X tons), the Czech Republic (X tons), Austria (X tons), Ireland (X tons), Poland (X tons) and Denmark (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soups importing markets in the European Union were Germany ($X), the Netherlands ($X) and France ($X), together accounting for X% of total imports.

In terms of the main importing countries, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform