China - Mixed Condiments, Sauses and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Mixed Condiment, Sause and Seasoning in China - 2023
Contents:
- Price for Mixed Condiment, Sause and Seasoning in China (FOB) - 2023
- Price for Mixed Condiment, Sause and Seasoning in China (CIF) - 2023
- Exports of Mixed Condiment, Sause and Seasoning in China
- Imports of Mixed Condiment, Sause and Seasoning in China
Price for Mixed Condiment, Sause and Seasoning in China (FOB) - 2023
The average export price for mixed condiments, sauses and seasonings stood at $3,445 per ton in June 2023, waning by -3.1% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 14% m-o-m. As a result, the export price attained the peak level of $4,176 per ton. From March 2023 to June 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Vietnam ($12,807 per ton), while the average price for exports to Myanmar ($1,356 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mixed Condiment, Sause and Seasoning in China (CIF) - 2023
In June 2023, the average import price for mixed condiments, sauses and seasonings amounted to $2,947 per ton, with an increase of 2.4% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 32% m-o-m. As a result, import price reached the peak level of $3,533 per ton. From February 2023 to June 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($18,075 per ton), while the price for Vietnam ($1,290 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mixed Condiment, Sause and Seasoning in China
For the fourth year in a row, China recorded growth in overseas shipments of mixed condiments, sauses and seasonings, which increased by 7.3% to 600K tons in 2022. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, mixed condiment, sause and seasoning exports amounted to $2.1B in 2022. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +22.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 34%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Mixed Condiment, Sause and Seasoning in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 190 | 307 | 476 | 270 | 12.4% |
| Malaysia | 159 | 225 | 300 | 234 | 13.7% |
| South Korea | 119 | 133 | 157 | 167 | 12.0% |
| United States | 75.3 | 80.2 | 91.7 | 124 | 18.1% |
| Philippines | 47.6 | 56.8 | 61.0 | 69.5 | 13.4% |
| Japan | 44.6 | 56.5 | 62.1 | 63.1 | 12.3% |
| Vietnam | 13.4 | 17.9 | 13.1 | 57.2 | 62.2% |
| Indonesia | 19.9 | 24.6 | 33.6 | 41.5 | 27.8% |
| Nigeria | 29.1 | 39.9 | 39.8 | 39.2 | 10.4% |
| Netherlands | 16.1 | 22.3 | 26.0 | 30.3 | 23.5% |
| Australia | 23.2 | 27.4 | 24.2 | 25.7 | 3.5% |
| Liberia | 9.0 | 10.7 | 16.8 | 16.9 | 23.4% |
| Guinea | 19.6 | 10.7 | 7.6 | 15.1 | -8.3% |
| Others | 356 | 382 | 559 | 925 | 37.5% |
| Total | 1,122 | 1,394 | 1,867 | 2,078 | 22.8% |
Top Export Markets for Mixed Condiment, Sause and Seasoning from China in 2022:
- South Korea (79.8K tons)
- United States (61.9K tons)
- Philippines (38.3K tons)
- Thailand (34.9K tons)
- Malaysia (29.2K tons)
- Nigeria (27.7K tons)
- Japan (21.6K tons)
- Indonesia (21.4K tons)
- Liberia (11.9K tons)
- Australia (11.3K tons)
- Netherlands (10.2K tons)
- Guinea (10.0K tons)
- Vietnam (8.9K tons)
Imports of Mixed Condiment, Sause and Seasoning in China
In 2022, after three years of growth, there was significant decline in purchases abroad of mixed condiments, sauses and seasonings, when their volume decreased by -10.7% to 66K tons. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports attained the peak of 74K tons, and then reduced in the following year.
In value terms, mixed condiment, sause and seasoning imports reduced to $173M in 2022. The total import value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 12% against the previous year. As a result, imports reached the peak of $197M, and then shrank in the following year.
| Import of Mixed Condiment, Sause and Seasoning in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 29.6 | 43.0 | 44.5 | 35.6 | 6.3% |
| Thailand | 22.7 | 22.8 | 29.2 | 31.0 | 10.9% |
| Japan | 14.7 | 17.7 | 19.9 | 20.0 | 10.8% |
| United States | 11.5 | 10.3 | 13.4 | 11.4 | -0.3% |
| Italy | 6.3 | 7.8 | 11.5 | 10.4 | 18.2% |
| Malaysia | 10.8 | 8.2 | 10.6 | 9.5 | -4.2% |
| Germany | 4.7 | 5.5 | 5.0 | 4.7 | 0.0% |
| Australia | 1.6 | 3.8 | 4.8 | 3.8 | 33.4% |
| Vietnam | 2.5 | 2.0 | 2.7 | 3.5 | 11.9% |
| Philippines | 3.9 | 2.7 | 4.2 | 1.3 | -30.7% |
| Hong Kong SAR | 15.8 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 17.5 | N/A | N/A | N/A | 0% |
| Others | 15.0 | 51.9 | 51.2 | 41.5 | 40.4% |
| Total | 157 | 176 | 197 | 173 | 3.3% |
Top Suppliers of Mixed Condiment, Sause and Seasoning to China in 2022:
- South Korea (21.5K tons)
- Thailand (15.7K tons)
- Japan (5.6K tons)
- United States (2.8K tons)
- Vietnam (2.4K tons)
- Malaysia (1.9K tons)
- Germany (1.2K tons)
- Australia (1.0K tons)
- Italy (1.0K tons)
- Philippines (0.7K tons)
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning in China. 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 2030.
Product coverage:
- Prodcom 10841270 - Sauces and preparations therefor, mixed condiments and mixed seasonings (excluding soya sauce, tomato ketchup, o ther tomato sauces, mustard flour or meal and prepared mustard)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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