Israel: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Israel

The Israeli market for mixed condiments, sauses and seasonings expanded notably to $X in 2022, picking up by 14% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +52.5% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Mixed Condiments, Sauses and Seasonings in Israel

In value terms, mixed condiment, sause and seasoning production rose notably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.8% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 54% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Israel

In 2022, overseas shipments of mixed condiments, sauses and seasonings decreased by -46.9% to X tons, falling for the fourth consecutive year after three years of growth. In general, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by 71% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning exports fell notably to $X in 2022. Overall, exports showed a noticeable shrinkage. The growth pace was the most rapid in 2014 with an increase of 73% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), the UK (X tons) and France (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Israel, together comprising 70% of total exports. Germany, Ukraine, Singapore, Canada, China, Hungary, Turkey and Russia lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +61.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and France ($X) appeared to be the largest markets for mixed condiment, sause and seasoning exported from Israel worldwide, together accounting for 70% of total exports. Germany, Ukraine, Singapore, Canada, China, Hungary, Turkey and Russia lagged somewhat behind, together comprising a further 19%.

In terms of the main countries of destination, China, with a CAGR of +62.9%, 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

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, which is down by -3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 28%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per ton) and Ukraine ($X per ton), while the average price for exports to Singapore ($X per ton) and France ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Israel

For the fourth consecutive year, Israel recorded growth in purchases abroad of mixed condiments, sauses and seasonings, which increased by 16% to X tons in 2022. In general, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2022. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

The United States (X tons), Thailand (X tons) and the Netherlands (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Israel, together comprising 53% of total imports. Canada, Portugal, Turkey, Spain, Russia, South Africa, Italy, Hungary, Poland and China lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Portugal (with a CAGR of +114.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Thailand ($X) and the Netherlands ($X) appeared to be the largest mixed condiment, sause and seasoning suppliers to Israel, with a combined 53% share of total imports. Canada, Portugal, Turkey, Spain, Russia, South Africa, Italy, Hungary, Poland and China lagged somewhat behind, together accounting for a further 36%.

Portugal, with a CAGR of +114.7%, saw 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 stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Russia ($X per ton) and Thailand ($X per ton), while the price for Hungary ($X per ton) and Canada ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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