U.S.: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in the U.S.

The U.S. market for mixed condiments, sauses and seasonings expanded slightly to $X in 2022, with an increase of 4.8% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +85.4% against 2012 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Mixed Condiments, Sauses and Seasonings in the U.S.

In value terms, mixed condiment, sause and seasoning production rose to $X in 2022. Overall, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 18% against the previous year. Mixed condiment, sause and seasoning production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Mixed Condiments, Sauses and Seasonings

Exports from the U.S.

In 2022, mixed condiment, sause and seasoning exports from the United States expanded modestly to X tons, with an increase of 2.2% against the year before. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 12% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, mixed condiment, sause and seasoning exports expanded significantly to $X in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +26.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Canada (X tons), Mexico (X tons) and Saudi Arabia (X tons) were the main destinations of mixed condiment, sause and seasoning exports from the United States, together accounting for 61% of total exports. Chile, Australia and the United Arab Emirates lagged somewhat behind, together comprising a further 8.7%.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +11.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Mexico ($X) and Saudi Arabia ($X) constituted the largest markets for mixed condiment, sause and seasoning exported from the United States worldwide, together comprising 58% of total exports. Australia, Chile and the United Arab Emirates lagged somewhat behind, together accounting for a further 8.1%.

Chile, with a CAGR of +13.2%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for mixed condiments, sauses and seasonings amounted to $X per ton, picking up by 6.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 7.2% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Canada ($X per ton) and Australia ($X per ton), while the average price for exports to Mexico ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports into the U.S.

In 2022, the amount of mixed condiments, sauses and seasonings imported into the United States rose remarkably to X tons, surging by 14% on the previous year's figure. Overall, imports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning imports skyrocketed to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), Mexico (X tons) and Canada (X tons) were the main suppliers of mixed condiment, sause and seasoning imports to the United States, together comprising 70% of total imports. Thailand, China, South Korea, Japan and Hong Kong SAR lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +10.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning suppliers to the United States were Canada ($X), Mexico ($X) and Italy ($X), together comprising 62% of total imports. Thailand, China, Japan, South Korea and Hong Kong SAR lagged somewhat behind, together comprising a further 21%.

South Korea, with a CAGR of +12.9%, 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

The average import price for mixed condiments, sauses and seasonings stood at $X per ton in 2022, rising by 2.6% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 5.1% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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