United Arab Emirates: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in the United Arab Emirates

The sauce and seasoning market in the United Arab Emirates shrank modestly to $X in 2021, waning by -2.4% against the previous year. Overall, consumption, however, saw strong growth. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Sauce And Seasoning Production in the United Arab Emirates

In value terms, sauce and seasoning production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, posted a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 174% against the previous year. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Sauce And Seasoning Exports

Exports from the United Arab Emirates

In 2021, exports of sauces and seasonings from the United Arab Emirates stood at X tons, increasing by 4.4% against the previous year. The total export volume increased at an average annual rate of +2.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 32% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, sauce and seasoning exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +7.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 41%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Kuwait (X tons) were the main destinations of sauce and seasoning exports from the United Arab Emirates, with a combined 59% share of total exports. Jordan, Maldives, Tanzania, Ethiopia, India and Gambia lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were recorded for Maldives (with a CAGR of +17.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from the United Arab Emirates were Oman ($X), Saudi Arabia ($X) and Kuwait ($X), together comprising 66% of total exports. Jordan, Maldives, Ethiopia, India, Tanzania and Gambia lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Gambia, with a CAGR of +14.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average sauce and seasoning export price amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.3%. The pace of growth was the most pronounced in 2020 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Gambia ($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 Jordan (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into the United Arab Emirates

In 2021, imports of sauces and seasonings into the United Arab Emirates surged to X tons, picking up by 44% against the previous year's figure. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.5% against 2018 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, sauce and seasoning imports soared to $X in 2021. In general, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.7% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States (X tons), Oman (X tons) and the Philippines (X tons) were the main suppliers of sauce and seasoning imports to the United Arab Emirates, with a combined 43% share of total imports. These countries were followed by the Netherlands, China, Malaysia, India, Thailand, the UK, Saudi Arabia, Egypt, Poland and Italy, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +89.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Oman ($X) and the Philippines ($X) appeared to be the largest sauce and seasoning suppliers to the United Arab Emirates, with a combined 39% share of total imports. These countries were followed by the UK, India, Thailand, the Netherlands, Malaysia, Italy, Saudi Arabia, China, Egypt and Poland, which together accounted for a further 23%.

Poland, with a CAGR of +87.7%, 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 2021, the average sauce and seasoning import price amounted to $X per ton, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 10% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($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 Philippines (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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