Scandinavia: Market for Mixed Condiments, Sauses and Seasonings 2022

Market Size for Mixed Condiments, Sauses and Seasonings in Scandinavia

The Scandinavia market for mixed condiments, sauses and seasonings rose rapidly to $X in 2021, with an increase of 7% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 7.9% against the previous year. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Mixed Condiments, Sauses and Seasonings in Scandinavia

In value terms, mixed condiment, sause and seasoning production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Scandinavia

For the fifth consecutive year, Scandinavia recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by 3.9% to X tons in 2021. The total export volume increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 6%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Sweden (X tons) was the main exporter of mixed condiments, sauses and seasonings, constituting 58% of total exports. Denmark (X tons) held a 26% share (based on physical terms) of total exports, which put it in second place, followed by Finland (13%). Norway (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to mixed condiment, sause and seasoning exports from Sweden stood at +5.1%. At the same time, Norway (+15.2%) and Finland (+3.4%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +15.2% from 2012-2021. By contrast, Denmark (-2.1%) illustrated a downward trend over the same period. While the share of Sweden (+11 p.p.) and Norway (+1.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest mixed condiment, sause and seasoning supplier in Scandinavia, comprising 60% of total exports. The second position in the ranking was held by Denmark ($X), with a 22% share of total exports. It was followed by Finland, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Sweden totaled +3.3%. In the other countries, the average annual rates were as follows: Denmark (-0.2% per year) and Finland (+4.1% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, increasing by 7.6% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Scandinavia

In 2021, the amount of mixed condiments, sauses and seasonings imported in Scandinavia dropped to X tons, approximately reflecting 2020 figures. The total import volume increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 6.9% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then contracted in the following year.

In value terms, mixed condiment, sause and seasoning imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Sweden (X tons) represented the largest importer of mixed condiments, sauses and seasonings, committing 36% of total imports. Denmark (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Norway (20%) and Finland (19%). Iceland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 77% of total imports.

Among the main importing countries, Denmark, with a CAGR of +4.3%, saw 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

In 2021, the import price in Scandinavia amounted to $X per ton, picking up by 12% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Denmark ($X per ton) and Finland ($X per ton), while Iceland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+2.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform