Spain: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Spain

In 2021, the Spanish sauce and seasoning market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Production in Spain

In value terms, sauce and seasoning production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Sauce And Seasoning Exports

Exports from Spain

In 2021, the amount of sauces and seasonings exported from Spain rose remarkably to X tons, surging by 5.4% on the previous year's figure. 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 in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 17% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, sauce and seasoning exports surged to $X in 2021. The total export value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons) was the main destination for sauce and seasoning exports from Spain, accounting for a 32% share of total exports. Moreover, sauce and seasoning exports to France exceeded the volume sent to the second major destination, the UK (X tons), twofold. Italy (X tons) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+3.5% per year) and Italy (-3.2% per year).

In value terms, France ($X), the UK ($X) and Italy ($X) constituted the largest markets for sauce and seasoning exported from Spain worldwide, together accounting for 51% of total exports. These countries were followed by the Netherlands, Portugal, Germany, Morocco, Sweden, Cuba, Poland and the Czech Republic, which together accounted for a further 28%.

Morocco, with a CAGR of +29.9%, 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 sauce and seasoning export price stood at $X per ton in 2021, rising by 9.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per ton) and Cuba ($X per ton), while the average price for exports to Morocco ($X per ton) and the Czech Republic ($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 the Netherlands (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Spain

In 2021, approx. X tons of sauces and seasonings were imported into Spain; surging by 6.1% against 2020 figures. In general, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.7% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 29% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, sauce and seasoning imports reached $X in 2021. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. 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.

Imports by Country

The Netherlands (X tons), Germany (X tons) and Italy (X tons) were the main suppliers of sauce and seasoning imports to Spain, together accounting for 52% of total imports. These countries were followed by France, Poland, Belgium, the UK, Portugal, China, Turkey and the United States, which together accounted for a further 37%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +19.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) appeared to be the largest sauce and seasoning suppliers to Spain, together accounting for 50% of total imports. These countries were followed by France, the UK, Poland, Belgium, Portugal, the United States, China and Turkey, which together accounted for a further 38%.

Among the main suppliers, Poland, with a CAGR of +23.0%, 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

In 2021, the average sauce and seasoning import price amounted to $X per ton, increasing by 7.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. The import price peaked at $X per ton in 2014; afterwards, it flattened through to 2021.

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

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

Source: IndexBox Platform

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