Russian Federation: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in the Russian Federation

After two years of decline, the Russian market for mixed condiments, sauses and seasonings increased by 0.8% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Mixed Condiments, Sauses and Seasonings in the Russian Federation

In value terms, mixed condiment, sause and seasoning production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 16% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from the Russian Federation

In 2022, after three years of growth, there was decline in overseas shipments of mixed condiments, sauses and seasonings, when their volume decreased by -4.5% to X tons. Overall, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 107%. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mixed condiment, sause and seasoning exports contracted to $X in 2022. Over the period under review, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 98%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Azerbaijan (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Russia, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +19.1%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Azerbaijan ($X) constituted the largest markets for mixed condiment, sause and seasoning exported from Russia worldwide, with a combined 54% share of total exports. Georgia, Mongolia, Tajikistan, Uzbekistan and Moldova lagged somewhat behind, together comprising a further 28%.

In terms of the main countries of destination, Tajikistan, with a CAGR of +14.3%, recorded the highest rates of growth with regard to 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, dropping by -9.4% against the previous year. Over the period under review, the export price saw a slight contraction. The growth pace was the most rapid in 2021 an increase of 25% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Georgia ($X per ton) and Belarus ($X per ton), while the average price for exports to Tajikistan ($X per ton) and Azerbaijan ($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 Tajikistan (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into the Russian Federation

In 2022, mixed condiment, sause and seasoning imports into Russia fell modestly to X tons, reducing by -3.3% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 111%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, mixed condiment, sause and seasoning imports fell slightly to $X in 2022. Over the period under review, imports, however, recorded pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 139%. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Thailand (X tons), South Korea (X tons) and China (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Russia, together comprising 42% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +29.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Russia were South Korea ($X), Germany ($X) and Austria ($X), together comprising 50% of total imports. Thailand, China, Italy, Poland, the UK, Croatia, the Netherlands, Vietnam and Belarus lagged somewhat behind, together comprising a further 41%.

Among the main suppliers, Belarus, with a CAGR of +31.4%, recorded the highest growth rate of 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 import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, almost unchanged from 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 2020 an increase of 18%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then reduced slightly in the following year.

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 Germany ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+22.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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