Eastern Europe: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Eastern Europe

The East European market for mixed condiments, sauses and seasonings stood at $X in 2021, rising by 8.4% against the previous year. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Eastern Europe

In value terms, mixed condiment, sause and seasoning production rose remarkably to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 13%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by 11% to X tons in 2021. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +35.9% against 2018 indices. The pace of growth was the most pronounced in 2016 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning exports skyrocketed to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +85.8% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and Russia (X tons) were the key exporters of mixed condiments, sauses and seasonings in 2021, resulting at near 40% and 29% of total exports, respectively. Hungary (X tons) took the next position in the ranking, followed by the Czech Republic (X tons). All these countries together took near 13% share of total exports. The following exporters - Estonia (X tons), Ukraine (X tons) and Slovakia (X tons) - each finished at an 11% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +14.2%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest mixed condiment, sause and seasoning supplier in Eastern Europe, comprising 40% of total exports. The second position in the ranking was held by Russia ($X), with a 19% share of total exports. It was followed by Hungary, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +8.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+7.6% per year) and Hungary (+12.0% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, surging by 10% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 11%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Estonia ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Eastern Europe

In 2021, the amount of mixed condiments, sauses and seasonings imported in Eastern Europe rose remarkably to X tons, increasing by 9.1% against 2020. The total import volume increased at an average annual rate of +5.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 21%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, mixed condiment, sause and seasoning imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +17.5% against 2017 indices. The pace of growth appeared the most rapid in 2016 with an increase of 34% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Poland (X tons), Russia (X tons), the Czech Republic (X tons), Ukraine (X tons) and Romania (X tons) represented roughly 69% of total imports in 2021. Hungary (X tons) held a 6.3% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (6.1%) and Slovakia (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of +11.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), together comprising 53% of total imports. Romania, Ukraine, Hungary, Belarus and Slovakia lagged somewhat behind, together accounting for a further 32%.

In terms of the main importing countries, Romania, with a CAGR of +10.3%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Eastern Europe amounted to $X per ton, picking up by 6.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by 10%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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