Australia - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in Australia - 2023
Contents:
- Sauce and Seasoning Price in Australia (CIF) - 2022
- Sauce and Seasoning Price in Australia (FOB) - 2023
- Sauce and Seasoning Imports in Australia
- Sauce and Seasoning Exports in Australia
Sauce and Seasoning Price in Australia (CIF) - 2022
In 2022, the average sauce and seasoning import price amounted to $3,157 per ton, approximately reflecting the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,758 per ton), while the price for Singapore ($2,257 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Price in Australia (FOB) - 2023
The average sauce and seasoning export price stood at $3,121 per ton in August 2023, waning by -8% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 when the average export price increased by 14% month-to-month. As a result, the export price attained the peak level of $3,809 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Singapore ($4,518 per ton), while the average price for exports to New Caledonia ($327 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Sauce and Seasoning Imports in Australia
In 2022, imports of sauces and seasonings into Australia rose sharply to 166K tons, growing by 10% on the previous year. The total import volume increased at an average annual rate of +3.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, sauce and seasoning imports expanded notably to $523M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Sauce and Seasoning in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 58.1 | 64.2 | 65.0 | 77.9 | 10.3% |
| United States | 46.3 | 45.5 | 48.4 | 62.3 | 10.4% |
| China | 43.8 | 48.5 | 47.6 | 54.5 | 7.6% |
| Italy | 36.0 | 44.9 | 42.9 | 52.0 | 13.0% |
| New Zealand | 51.7 | 50.3 | 56.7 | 51.2 | -0.3% |
| Japan | 27.9 | 29.9 | 40.2 | 34.1 | 6.9% |
| United Kingdom | 19.2 | 23.8 | 24.7 | 28.8 | 14.5% |
| Hong Kong SAR | 17.4 | 16.0 | 18.3 | 20.1 | 4.9% |
| Singapore | 13.8 | 14.9 | 15.4 | 16.5 | 6.1% |
| Malaysia | 12.2 | 14.5 | 14.1 | 13.9 | 4.4% |
| India | 9.0 | 9.9 | 10.9 | 12.3 | 11.0% |
| South Korea | 7.5 | 8.2 | 9.7 | 11.7 | 16.0% |
| Netherlands | 6.6 | 8.3 | 7.6 | 10.1 | 15.2% |
| Others | 57.3 | 72.1 | 67.8 | 77.9 | 10.8% |
| Total | 407 | 451 | 469 | 523 | 8.7% |
Top Suppliers of Sauce and Seasoning to Australia in 2022:
- Thailand (22.2K tons)
- China (21.2K tons)
- Italy (18.0K tons)
- United States (17.2K tons)
- New Zealand (17.2K tons)
- Japan (9.1K tons)
- United Kingdom (8.0K tons)
- Singapore (7.3K tons)
- Hong Kong SAR (6.1K tons)
- Netherlands (4.2K tons)
- South Korea (4.0K tons)
- Malaysia (3.8K tons)
- India (3.3K tons)
Sauce and Seasoning Exports in Australia
In 2022, the amount of sauces and seasonings exported from Australia was estimated at 38K tons, flattening at the previous year's figure. The total export volume increased at an average annual rate of +4.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 13% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sauce and seasoning exports fell to $119M in 2022. The total export value increased at an average annual rate of +7.5% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. As a result, the exports attained the peak of $120M, leveling off in the following year.
| Export of Sauce and Seasoning in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 35.6 | 37.5 | 43.6 | 47.4 | 10.0% |
| Japan | 23.9 | 18.1 | 22.5 | 24.6 | 1.0% |
| United States | 8.9 | 11.9 | 15.6 | 9.9 | 3.6% |
| Papua New Guinea | 6.5 | 4.1 | 6.8 | 8.9 | 11.0% |
| China | 3.0 | 7.4 | 8.3 | 6.3 | 28.1% |
| Thailand | 2.3 | 2.2 | 2.9 | 3.1 | 10.5% |
| Singapore | 2.1 | 2.8 | 3.1 | 2.9 | 11.4% |
| Others | 13.7 | 13.2 | 17.6 | 16.2 | 5.7% |
| Total | 96.0 | 97.2 | 120 | 119 | 7.4% |
Top Export Markets for Sauce and Seasoning from Australia in 2022:
- New Zealand (18.5K tons)
- Japan (8.0K tons)
- China (2.2K tons)
- Papua New Guinea (2.1K tons)
- United States (1.6K tons)
- Singapore (0.7K tons)
- Thailand (0.6K tons)
This report provides an in-depth analysis of the sauce and seasoning market in Australia. 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 10841210 - Soya sauce
- Prodcom 10841230 - Tomato ketchup and other tomato sauces
- Prodcom 10841253 - Mustard flour and meal
- Prodcom 10841255 - Prepared mustard
- 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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
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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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