Overview of the Global Market for Mixed Condiments, Sauses and Seasonings

Market Size for Mixed Condiments, Sauses and Seasonings

In 2021, the global market for mixed condiments, sauses and seasonings increased by 0.8% to $X, rising for the sixth consecutive year after two years of decline. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the market value increased by 7.9% against the previous year. Global consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Mixed Condiments, Sauses and Seasonings

In value terms, mixed condiment, sause and seasoning production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.4% 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 2018 when the production volume increased by 7.8% against the previous year. Global production peaked in 2021 and is likely to see steady growth in the near future.

Exports of Mixed Condiments, Sauses and Seasonings

Exports

For the tenth consecutive year, the global market recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by 15% to X tons in 2021. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.2% against 2012 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mixed condiment, sause and seasoning exports soared to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +79.9% against 2012 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), China (X tons), Thailand (X tons), Italy (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Mexico (X tons), Poland (X tons), Spain (X tons), the UK (X tons) and Russia (X tons) represented roughly 67% of total exports in 2021. Canada (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Italy (with a CAGR of +14.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning supplying countries worldwide were China ($X), the United States ($X) and Italy ($X), with a combined 32% share of global exports.

China, with a CAGR of +13.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global 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 2021, growing by 3.5% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 5.2%. Over the period under review, the average export prices reached the maximum in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the other global leaders experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports

For the tenth year in a row, the global market recorded growth in overseas purchases of mixed condiments, sauses and seasonings, which increased by 4.5% to X tons in 2021. The total import volume increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when imports increased by 7% against the previous year. Over the period under review, global imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, mixed condiment, sause and seasoning imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by the UK (X tons) represented the major importers of mixed condiments, sauses and seasonings, together mixing up 22% of total imports. Germany (X tons), Canada (X tons), France (X tons), the Netherlands (X tons), South Korea (X tons), Hong Kong SAR (X tons), Australia (X tons), Japan (X tons), Belgium (X tons), the Philippines (X tons) and Mexico (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the mixed condiments, sauses and seasonings imports, with a CAGR of +7.4% from 2012 to 2021. At the same time, the Philippines (+6.7%), Belgium (+6.7%), the Netherlands (+6.1%), Canada (+5.7%), Hong Kong SAR (+5.6%), Germany (+5.0%), France (+4.4%), the UK (+4.1%), Mexico (+3.7%) and South Korea (+3.2%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Australia (-1.0%) illustrated a downward trend over the same period. While the share of the United States (+2.8 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Australia (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mixed condiment, sause and seasoning importing markets worldwide were the United States ($X), the UK ($X) and Germany ($X), with a combined 23% share of global imports.

Among the main importing countries, the United States, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for mixed condiments, sauses and seasonings amounted to $X per ton, growing by 9.2% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per ton), while the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+5.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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