Europe: Market for Mixed Condiments, Sauses and Seasonings 2024

Market Size for Mixed Condiments, Sauses and Seasonings in Europe

In 2023, the Europe market for mixed condiments, sauses and seasonings decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of consumption peaked at $X in 2022, and then dropped in the following year.

Production of Mixed Condiments, Sauses and Seasonings in Europe

In value terms, mixed condiment, sause and seasoning production dropped to $X in 2023 estimated in export price. Overall, production, however, showed slight growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. The level of production peaked at $X in 2022, and then shrank slightly in the following year.

Exports of Mixed Condiments, Sauses and Seasonings

Exports in Europe

In 2023, after eleven years of growth, there was decline in shipments abroad of mixed condiments, sauses and seasonings, when their volume decreased by X% to X tons. Total exports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then contracted modestly in the following year.

In value terms, mixed condiment, sause and seasoning exports soared to $X in 2023. Total exports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Italy (X tons), the Netherlands (X tons), Germany (X tons), Belgium (X tons), Poland (X tons), Spain (X tons), the UK (X tons), Russia (X tons) and France (X tons) represented roughly X% of total exports in 2023. Hungary (X tons) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Italy (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mixed condiment, sause and seasoning supplying countries in Europe were Italy ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total exports. Belgium, the UK, Poland, Spain, France, Russia and Hungary lagged somewhat behind, together accounting for a further X%.

Hungary, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Imports of Mixed Condiments, Sauses and Seasonings

Imports in Europe

In 2023, after eleven years of growth, there was decline in supplies from abroad of mixed condiments, sauses and seasonings, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2022, and then reduced modestly in the following year.

In value terms, mixed condiment, sause and seasoning imports soared to $X in 2023. Total imports indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

The UK (X tons), France (X tons), Germany (X tons) and the Netherlands (X tons) represented roughly X% of total imports in 2023. Belgium (X tons), Italy (X tons), Spain (X tons), Poland (X tons), Russia (X tons), Sweden (X tons), Ireland (X tons), the Czech Republic (X tons) and Romania (X tons) held a little share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Romania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), France ($X) and Germany ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. The Netherlands, Belgium, Poland, Italy, Spain, Russia, Sweden, Ireland, Romania and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Belgium ($X per ton) and Poland ($X per ton), while the UK ($X per ton) and the Czech Republic ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform