EU: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in the EU

In 2021, the EU sauce and seasoning market increased by 2.4% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Sauce And Seasoning Production in the EU

In value terms, sauce and seasoning production surged to $X in 2021 estimated in export price. Overall, production recorded prominent growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports in the EU

For the tenth consecutive year, the European Union recorded growth in overseas shipments of sauces and seasonings, which increased by 10% to X tons in 2021. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 +62.1% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning exports soared to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.3% 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 +63.3% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the Netherlands (X tons), Italy (X tons), Germany (X tons), Belgium (X tons), Spain (X tons) and Poland (X tons), together accounting for 81% of total export. The following exporters - France (X tons) and Portugal (X tons) - together made up 6.2% of total exports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +12.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning supplying countries in the European Union were Italy ($X), the Netherlands ($X) and Germany ($X), with a combined 54% share of total exports.

Italy, with a CAGR of +10.5%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, picking up by 5.4% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Portugal ($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 Netherlands (+0.6%), while the other leaders experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports in the EU

In 2021, the amount of sauces and seasonings imported in the European Union was estimated at X tons, growing by 8.5% against the previous year. The total import volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning imports surged to $X in 2021. The total import value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X tons), France (X tons) and the Netherlands (X tons) represented the key importer of sauces and seasonings in the European Union, mixing up 47% of total import. Belgium (X tons) took the next position in the ranking, followed by Italy (X tons), Poland (X tons) and Spain (X tons). All these countries together took near 21% share of total imports. Sweden (X tons), the Czech Republic (X tons), Austria (X tons), Ireland (X tons), Denmark (X tons) and Romania (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 46% share of total imports. Belgium, Poland, Italy, Spain, Sweden, Denmark, Austria, Ireland, the Czech Republic and Romania lagged somewhat behind, together accounting for a further 40%.

Among the main importing countries, Romania, with a CAGR of +10.6%, 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 2021, rising by 7.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Denmark ($X per ton) and Ireland ($X per ton), while the Czech Republic ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+1.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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