Greece: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Greece

The Greek market for mixed condiments, sauses and seasonings dropped to $X in 2022, falling by -14.6% against the previous year. Overall, consumption, however, recorded a prominent expansion. Mixed condiment, sause and seasoning consumption peaked at $X in 2021, and then reduced in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Greece

In value terms, mixed condiment, sause and seasoning production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed strong growth. The pace of growth was the most pronounced in 2018 with an increase of 69%. Over the period under review, production reached the maximum level at $X in 2021, and then fell sharply in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Greece

For the sixth year in a row, Greece recorded growth in shipments abroad of mixed condiments, sauses and seasonings, which increased by 35% to X tons in 2022. Overall, exports enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 when exports increased by 56% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports skyrocketed to $X in 2022. In general, exports enjoyed prominent growth. The growth pace was the most rapid in 2013 when exports increased by 58% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X tons), Hungary (X tons) and the UK (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Greece, with a combined 37% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +202.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed condiment, sause and seasoning exported from Greece were the United States ($X), Cyprus ($X) and Germany ($X), with a combined 45% share of total exports. Hungary, France, Romania, Poland, Bulgaria, the UK, Albania, Canada, Italy and the Czech Republic lagged somewhat behind, together accounting for a further 43%.

In terms of the main countries of destination, Hungary, with a CAGR of +164.1%, saw 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 export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, shrinking by -10.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 26%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Greece

Mixed condiment, sause and seasoning imports into Greece skyrocketed to X tons in 2022, picking up by 17% on 2021. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 39% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning imports skyrocketed to $X in 2022. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Greece, together comprising 53% of total imports. Belgium, Spain, Poland, Thailand, the United States, the UK, Bulgaria and France lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +31.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Greece were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 55% share of total imports. Belgium, Poland, the UK, Spain, the United States, Thailand, Bulgaria and France lagged somewhat behind, together accounting for a further 37%.

Bulgaria, with a CAGR of +35.9%, recorded the highest growth rate of 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 import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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