Israel: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Israel

The Israeli sauce and seasoning market expanded remarkably to $X in 2021, increasing by 6.7% against the previous year. Over the period under review, consumption posted a strong expansion. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the near future.

Sauce And Seasoning Production in Israel

In value terms, sauce and seasoning production fell slightly to $X in 2021 estimated in export price. In general, production, however, saw strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 31% against the previous year. Sauce and seasoning production peaked at $X in 2020, and then fell slightly in the following year.

Sauce And Seasoning Exports

Exports from Israel

In 2021, shipments abroad of sauces and seasonings decreased by -10.8% to X tons, falling for the third consecutive year after three years of growth. Overall, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 52%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, sauce and seasoning exports reduced to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 59% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and Ukraine (X tons) were the main destinations of sauce and seasoning exports from Israel, with a combined 78% share of total exports. These countries were followed by France, China, Greece, Russia, Japan, Turkey and Germany, which together accounted for a further 12%.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +129.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Ukraine ($X) appeared to be the largest markets for sauce and seasoning exported from Israel worldwide, with a combined 79% share of total exports. France, China, Greece, Russia, Japan, Turkey and Germany lagged somewhat behind, together comprising a further 12%.

Japan, with a CAGR of +119.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination 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, rising by 2.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 20%. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; afterwards, it flattened through to 2021.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Ukraine ($X per ton) and Greece ($X per ton), while the average price for exports to Japan ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Israel

In 2021, the amount of sauces and seasonings imported into Israel soared to X tons, with an increase of 36% on the previous year. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, 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.

In value terms, sauce and seasoning imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of sauce and seasoning imports to Israel, with a combined 57% share of total imports. These countries were followed by Thailand, France, Spain, Japan, Poland, Russia, Canada, South Africa, Turkey and China, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +63.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the Netherlands ($X) and Thailand ($X) were the largest sauce and seasoning suppliers to Israel, with a combined 55% share of total imports. Italy, France, Japan, Spain, Canada, Russia, South Africa, Turkey, Poland and China lagged somewhat behind, together accounting for a further 35%.

Among the main suppliers, Poland, with a CAGR of +53.3%, saw the highest rates of growth with regard to the value of imports, 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 4.3% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2020 when the average import price increased by 13% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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 South Africa ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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