Northern America: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Northern America

The North American market for mixed condiments, sauses and seasonings stood at $X in 2021, picking up by 3.6% against the previous year. The total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +89.8% against 2012 indices. Over the period under review, the market attained the peak level in 2021 and is expected to retain growth in the near future.

Production of Mixed Condiments, Sauses and Seasonings in Northern America

In value terms, mixed condiment, sause and seasoning production stood at $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.7% against 2012 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14%. Over the period under review, production attained the peak level in 2021 and is likely to see steady growth in the near future.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Northern America

In 2021, approx. X tons of mixed condiments, sauses and seasonings were exported in Northern America; picking up by 12% compared with 2020. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports surged to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +76.1% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States represented the key exporter of mixed condiments, sauses and seasonings in Northern America, with the volume of exports recording X tons, which was approx. 83% of total exports in 2021. It was distantly followed by Canada (X tons), making up a 17% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to mixed condiment, sause and seasoning exports from the United States stood at +4.2%. At the same time, Canada (+7.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +7.2% from 2012-2021. Canada (+3.3 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -3.3% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest mixed condiment, sause and seasoning supplier in Northern America, comprising 79% of total exports. The second position in the ranking was held by Canada ($X), with a 21% share of total exports.

In the United States, mixed condiment, sause and seasoning exports increased at an average annual rate of +6.3% over the period from 2012-2021.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 5.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 an increase of 7%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+2.0%).

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Northern America

For the tenth year in a row, Northern America recorded growth in purchases abroad of mixed condiments, sauses and seasonings, which increased by 8.6% to X tons in 2021. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.8% against 2012 indices. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, mixed condiment, sause and seasoning imports reached $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.5% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States represented the largest importing country with an import of about X tons, which resulted at 77% of total imports. It was distantly followed by Canada (X tons), creating a 22% share of total imports.

The United States was also the fastest-growing in terms of the mixed condiments, sauses and seasonings imports, with a CAGR of +7.4% from 2012 to 2021. At the same time, Canada (+5.7%) displayed positive paces of growth. While the share of the United States (+2.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-2.6 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported mixed condiments, sauses and seasonings in Northern America, comprising 71% of total imports. The second position in the ranking was held by Canada ($X), with a 29% share of total imports.

In the United States, mixed condiment, sause and seasoning imports expanded at an average annual rate of +7.8% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, with an increase of 5.4% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.4%).

Source: IndexBox Platform

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