France: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in France

The French sauce and seasoning market declined significantly to $X in 2021, which is down by -53.6% against the previous year. Overall, consumption recorded a drastic downturn. Sauce and seasoning consumption peaked at $X in 2020, and then declined notably in the following year.

Sauce And Seasoning Production in France

In value terms, sauce and seasoning production shrank remarkably to $X in 2021 estimated in export price. Overall, production continues to indicate a sharp contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9%. Sauce and seasoning production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from France

In 2021, shipments abroad of sauces and seasonings decreased by -3.4% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a mild contraction. The growth pace was the most rapid in 2019 when exports increased by 11%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, sauce and seasoning exports expanded rapidly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main destinations of sauce and seasoning exports from France, together accounting for 33% of total exports. These countries were followed by the UK, Belgium, the United States, Switzerland, Italy, Denmark, Canada, Portugal, Sweden and Algeria, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +14.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from France were Germany ($X), the UK ($X) and Spain ($X), together accounting for 31% of total exports. These countries were followed by the Netherlands, Switzerland, Belgium, the United States, Italy, Denmark, Canada, Portugal, Sweden and Algeria, which together accounted for a further 40%.

Among the main countries of destination, Switzerland, with a CAGR of +13.4%, 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

The average sauce and seasoning export price stood at $X per ton in 2021, with an increase of 11% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; afterwards, it flattened through to 2021.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Algeria ($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 the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into France

In 2021, approx. X tons of sauces and seasonings were imported into France; surging by 6.8% against the previous year's figure. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 23%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, sauce and seasoning imports soared to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Spain (X tons) and Belgium (X tons) were the main suppliers of sauce and seasoning imports to France, with a combined 60% share of total imports. Germany, the Netherlands, the UK, Thailand and Poland lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +12.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Italy ($X) and Spain ($X) were the largest sauce and seasoning suppliers to France, together accounting for 54% of total imports. These countries were followed by Germany, the Netherlands, the UK, Thailand and Poland, which together accounted for a further 33%.

The UK, with a CAGR of +12.3%, recorded the highest rates of growth with regard to the value of imports, among 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 sauce and seasoning import price stood at $X per ton in 2021, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 23%. As a result, import price reached the peak level of $X per ton; afterwards, it flattened through to 2021.

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 Germany ($X per ton), while the price for Spain ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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