Europe: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Europe

The Europe sauce and seasoning market totaled $X in 2021, rising by 2.9% against the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Sauce And Seasoning Production in Europe

In value terms, sauce and seasoning production surged to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.8% against 2016 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports in Europe

For the tenth consecutive year, Europe recorded growth in shipments abroad of sauces and seasonings, which increased by 8.9% to X tons in 2021. The total export volume increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 surged to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the six major exporters of sauces and seasonings, namely the Netherlands, Italy, Germany, Belgium, Spain and Poland, represented more than two-thirds of total export. The UK (X tons) held the next position in the ranking, followed by Russia (X tons). All these countries together held approx. 9.6% share 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, Italy ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 48% of total exports.

Italy, with a CAGR of +10.5%, saw the highest growth rate of 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

The export price in Europe stood at $X per ton in 2021, surging by 5.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($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 Netherlands (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Sauce And Seasoning Imports

Imports in Europe

Sauce and seasoning imports expanded rapidly to X tons in 2021, surging by 5.4% compared with the previous year. The total import volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 7.4% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, sauce and seasoning imports rose significantly to $X in 2021. The total import value increased at an average annual rate of +4.4% over the period 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.

Imports by Country

The purchases of the four major importers of sauces and seasonings, namely the UK, Germany, France and the Netherlands, represented more than half of total import. Belgium (X tons), Russia (X tons), Italy (X tons), Poland (X tons), Spain (X tons), Sweden (X tons), the Czech Republic (X tons), Austria (X tons) and Switzerland (X tons) held a little share of total imports.

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 UK ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of total imports. The Netherlands, Belgium, Russia, Poland, Italy, Spain, Switzerland, Sweden, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 39%.

Poland, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, among the main importing countries 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 Europe amounted to $X per ton, rising by 8.7% against the previous year. In general, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Switzerland ($X per ton), while the UK ($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 (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform