Sweden: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Sweden

The Swedish market for mixed condiments, sauses and seasonings reduced modestly to $X in 2022, remaining relatively unchanged against the previous year. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.4% against the previous year. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Mixed Condiments, Sauses and Seasonings in Sweden

In value terms, mixed condiment, sause and seasoning production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 10%. As a result, production attained the peak level of $X, and then reduced slightly in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from Sweden

In 2022, shipments abroad of mixed condiments, sauses and seasonings decreased by -4.6% to X tons for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when exports increased by 9.5% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2021, and then dropped in the following year.

In value terms, mixed condiment, sause and seasoning exports declined to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Finland (X tons), Denmark (X tons) and Norway (X tons) were the main destinations of mixed condiment, sause and seasoning exports from Sweden, together accounting for 79% of total exports. Estonia, the UK, Germany, Latvia, Belgium, Poland and the Netherlands lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +14.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mixed condiment, sause and seasoning exported from Sweden were Finland ($X), Denmark ($X) and Norway ($X), with a combined 80% share of total exports. Estonia, the UK, Belgium, Latvia, Germany, Poland and the Netherlands lagged somewhat behind, together accounting for a further 12%.

Poland, with a CAGR of +11.7%, saw 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, declining by -3.7% against the previous year. In general, the export price recorded a mild contraction. The most prominent rate of growth was recorded in 2021 an increase of 7.4% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Estonia ($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 Germany (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into Sweden

In 2022, approx. X tons of mixed condiments, sauses and seasonings were imported into Sweden; increasing by 6% on the previous year's figure. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, mixed condiment, sause and seasoning imports stood at $X in 2022. The total import value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.2%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

Thailand (X tons), the Netherlands (X tons) and Spain (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to Sweden, with a combined 40% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +15.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), the Netherlands ($X) and Denmark ($X) appeared to be the largest mixed condiment, sause and seasoning suppliers to Sweden, with a combined 36% share of total imports. The United States, the UK, Germany, Italy, Spain, Belgium, Poland, Hungary, Estonia and France lagged somewhat behind, together accounting for a further 49%.

Among the main suppliers, Poland, with a CAGR of +15.8%, saw the highest rates of growth with regard to 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, growing by 1.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 5.8%. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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