Germany: Soups Market 2024

Soups Market Size in Germany

The German soups market totaled $X in 2021, with an increase of 3.9% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by 9.3% against the previous year. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Soups Production in Germany

In value terms, soups production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 4.3%. Soups production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Soups Exports

Exports from Germany

For the third year in a row, Germany recorded decline in shipments abroad of soups and broths, which decreased by -11.7% to X tons in 2021. Over the period under review, exports saw a noticeable shrinkage. The growth pace was the most rapid in 2013 with an increase of 19% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, soups exports declined slightly to $X in 2021. Overall, exports showed a slight decrease. The most prominent rate of growth was recorded in 2013 with an increase of 11%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for soups exports from Germany, with a 26% share of total exports. Moreover, soups exports to the Netherlands exceeded the volume sent to the second major destination, France (X tons), twofold. Austria (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+3.5% per year) and Austria (-2.3% per year).

In value terms, the Netherlands ($X), France ($X) and Austria ($X) constituted the largest markets for soups exported from Germany worldwide, together comprising 45% of total exports. Poland, Belgium, Italy, the UK, Spain, Switzerland, Hungary, the Czech Republic, the United States and Romania lagged somewhat behind, together comprising a further 42%.

Among the main countries of destination, Romania, with a CAGR of +32.1%, recorded the highest growth rate of 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

In 2021, the average soups export price amounted to $X per ton, surging by 8.9% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 18%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Soups Imports

Imports into Germany

In 2021, imports of soups and broths into Germany expanded significantly to X tons, picking up by 6.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 with an increase of 32%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, soups imports rose notably to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 18%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest soups supplier to Germany, with a 46% share of total imports. Moreover, soups imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Austria (X tons), fivefold. Hungary (X tons) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+10.6% per year) and Hungary (+8.4% per year).

In value terms, the Netherlands ($X), Austria ($X) and Hungary ($X) were the largest soups suppliers to Germany, together comprising 52% of total imports. These countries were followed by Belgium, Switzerland, France, Italy, Poland, Turkey, Thailand and Vietnam, which together accounted for a further 34%.

Belgium, with a CAGR of +12.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soups import price stood at $X per ton in 2021, with an increase of 5.9% against the previous year. Overall, the import price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2017 when the average import price increased by 8.2% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :