Switzerland: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Switzerland

In 2021, the Swiss sauce and seasoning market increased by 26% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted strong growth. Sauce and seasoning consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Sauce And Seasoning Production in Switzerland

In value terms, sauce and seasoning production soared to $X in 2021 estimated in export price. In general, production recorded a perceptible increase. The most prominent rate of growth was recorded in 2016 with an increase of 84% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Switzerland

In 2021, approx. X tons of sauces and seasonings were exported from Switzerland; dropping by -17.7% compared with 2020. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 73% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, sauce and seasoning exports declined to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 27% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for sauce and seasoning exports from Switzerland, accounting for a 42% share of total exports. Moreover, sauce and seasoning exports to Germany exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Romania (X tons), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.0% per year) and Romania (+52.7% per year).

In value terms, Germany ($X) remains the key foreign market for sauces and seasonings exports from Switzerland, comprising 42% of total exports. The second position in the ranking was taken by France ($X), with a 9.7% share of total exports. It was followed by Italy, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-0.6% per year) and Italy (+2.3% per year).

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, growing by 8.8% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 44% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Switzerland

In 2021, purchases abroad of sauces and seasonings increased by 11% to X tons, rising for the third year in a row after two years of decline. Overall, total imports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.2% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 33%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, sauce and seasoning imports expanded significantly to $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 +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.8% against 2015 indices. The growth pace was the most rapid in 2020 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of sauce and seasoning imports to Switzerland, together comprising 61% of total imports. France, Poland, Thailand, Austria and Spain lagged somewhat behind, together comprising a further 28%.

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 largest sauce and seasoning suppliers to Switzerland were Italy ($X), Germany ($X) and the Netherlands ($X), with a combined 60% share of total imports.

The Netherlands, with a CAGR of +17.2%, recorded the highest growth rate of 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

The average sauce and seasoning import price stood at $X per ton in 2021, picking up by 2.1% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 23%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average 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 Spain ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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