Spain: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Spain

The Spanish market for mixed condiments, sauses and seasonings fell to $X in 2022, which is down by -10.3% against the previous year. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Spain

In value terms, mixed condiment, sause and seasoning production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, production attained the peak level of $X, and then shrank in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Spain

Mixed condiment, sause and seasoning exports from Spain rose modestly to X tons in 2022, increasing by 2.9% compared with 2021. The total export volume increased at an average annual rate of +3.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 7.2% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, mixed condiment, sause and seasoning exports rose sharply to $X in 2022. The total export value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X tons), the UK (X tons) and Portugal (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Spain, with a combined 53% share of total exports. Italy, the Netherlands, Sweden, Poland, the Czech Republic, Germany, Russia, Morocco and Greece lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Russia (with a CAGR of +62.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Portugal ($X) appeared to be the largest markets for mixed condiment, sause and seasoning exported from Spain worldwide, with a combined 49% share of total exports. The Netherlands, Italy, Sweden, Poland, Germany, the Czech Republic, Russia, Morocco and Greece lagged somewhat behind, together comprising a further 33%.

Russia, with a CAGR of +46.1%, recorded the highest growth rate of the value of exports, among 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 export price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, surging by 6.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2021 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Spain

In 2022, the amount of mixed condiments, sauses and seasonings imported into Spain rose notably to X tons, picking up by 11% against the previous year's figure. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume 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, imports increased by +23.7% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, mixed condiment, sause and seasoning imports surged to $X in 2022. In general, total imports indicated strong growth 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, imports increased by +37.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Spain, together accounting for 47% of total imports. Italy, Poland, France, the UK and the United States lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +20.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to Spain were the Netherlands ($X), Germany ($X) and Italy ($X), with a combined 48% share of total imports. France, Belgium, the UK, Poland and the United States lagged somewhat behind, together comprising a further 34%.

Poland, with a CAGR of +23.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, growing by 4.6% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 12%. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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