Ireland: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Ireland

In 2021, after two years of decline, there was growth in the Irish sauce and seasoning market, when its value increased by 0.7% to $X. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Sauce And Seasoning Production in Ireland

In value terms, sauce and seasoning production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production posted a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports from Ireland

In 2021, approx. X tons of sauces and seasonings were exported from Ireland; rising by 35% on the previous year's figure. Overall, exports enjoyed a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of 45%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, sauce and seasoning exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2014 when exports increased by 656% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for sauce and seasoning exports from Ireland, with a 90% share of total exports. Moreover, sauce and seasoning exports to the UK exceeded the volume sent to the second major destination, Germany (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+45.3% per year) and the United States (+9.2% per year).

In value terms, the UK ($X) remains the key foreign market for sauces and seasonings exports from Ireland, comprising 85% of total exports. The second position in the ranking was taken by Germany ($X), with a 4.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK totaled +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+50.4% per year) and the United States (+5.4% per year).

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2021, reducing by -4.7% against the previous year. Over the period under review, the export price, however, continues to indicate a measured increase. The pace of growth appeared the most rapid in 2014 an increase of 423%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the UK ($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 (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Ireland

In 2021, supplies from abroad of sauces and seasonings decreased by -22.6% to X tons, falling for the second consecutive year after three years of growth. Over the period under review, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -24.8% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 17% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sauce and seasoning imports shrank to $X in 2021. The total import value increased at an average annual rate of +2.9% over the period 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 2018 when imports increased by 20% against the previous year. Imports peaked at $X in 2020, and then reduced in the following year.

Imports by Country

In 2021, the UK (X tons) constituted the largest supplier of sauce and seasoning to Ireland, with a 61% share of total imports. Moreover, sauce and seasoning imports from the UK exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sevenfold. Germany (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at +2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-4.8% per year) and Germany (+2.1% per year).

In value terms, the UK ($X) constituted the largest supplier of sauces and seasonings to Ireland, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with an 8.8% share of total imports. It was followed by the Netherlands, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and the Netherlands (-5.7% per year).

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2021, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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