U.S. - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
The U.S. Doubled Sauce and Seasoning Imports to $1.6B in the Past Decade
IndexBox has just published a new report: 'U.S. - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.
In 2020, American sauce and seasoning imports continued to follow a decade-long upward trend, growing by +18% y-o-y in value terms. From 2010 to 2020, imports increased twofold, from $791M to $1.6B. Italy, Mexico and Canada represent the largest sauce supplies, accounting for 64% of American imports. The average import price for sauces and seasonings rose by +2.4% y-o-y to $1,999 per tonne in 2020.
American Sauce and Seasoning Imports
In 2020, sauce and seasoning imports into the U.S. rose markedly to 785K tonnes, increasing by +15% against the year before. In value terms, imports surged by +17.7% to $1.6B (IndexBox estimates) in 2020.
Over the past decade, the U.S. ramped up sauce and seasoning imports nearly twofold, from 485K tonnes to 785K tonnes. In value terms, imports increased from $791M in 2010 to $1.6B in 2020.
Italy (226K tonnes), Mexico (151K tonnes) and Canada (128K tonnes) were the leading suppliers of sauce and seasoning to the U.S., with a combined 64% share of total imports.
In value terms, the largest sauce and seasoning suppliers to the U.S. were Canada ($348M), Italy ($267M) and Mexico ($262M), with a combined 56% share of total imports.
Among the leading suppliers, Italy (+31% y-o-y) recorded the highest growth rate of the value of imports. The supplies from Mexico and Canada were boosted by +15% y-o-y and 18% y-o-y, respectively.
The average import price for sauces and seasonings stood at $1,999 per tonne in 2020, growing by 2.4% against the previous year. Prices varied noticeably by the country of origin; the country with the highest price was Japan ($4,386 per tonne), while the price for Italy ($1,181 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Thailand, while the prices for the other significant suppliers experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the sauce and seasoning market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
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