China - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingSauce and Seasoning Price in China - 2023
Contents:
- Sauce and Seasoning Price in China (FOB) - 2023
- Sauce and Seasoning Price in China (CIF) - 2023
- Sauce and Seasoning Exports in China
- Sauce and Seasoning Imports in China
Sauce and Seasoning Price in China (FOB) - 2023
The average sauce and seasoning export price stood at $2,793 per ton in June 2023, therefore, remained relatively stable against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average export price increased by 12% month-to-month. As a result, the export price reached the peak level of $3,425 per ton. From March 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Thailand ($12,011 per ton), while the average price for exports to Chile ($783 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 Malaysia (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Join Us at HANNOVER MESSE 2024
Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany
Sauce and Seasoning Price in China (CIF) - 2023
In June 2023, the average sauce and seasoning import price amounted to $2,688 per ton, rising by 2.9% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2023 an increase of 27% against the previous month. As a result, import price reached the peak level of $3,072 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($9,555 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 (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Exports in China
Sauce and seasoning exports from China reached 808K tons in 2022, increasing by 2.9% on 2021 figures. The total export volume increased at an average annual rate of +6.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, sauce and seasoning exports reached $2.3B in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.7% 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 +75.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 32%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Sauce and Seasoning in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 184 | 189 | 324 | 691 | 55.4% |
| Thailand | 191 | 311 | 483 | 274 | 12.8% |
| Malaysia | 163 | 232 | 309 | 242 | 14.1% |
| South Korea | 122 | 139 | 164 | 174 | 12.6% |
| United States | 94.6 | 112 | 128 | 162 | 19.6% |
| Philippines | 50.9 | 59.2 | 63.3 | 72.7 | 12.6% |
| Japan | 46.6 | 59.5 | 65.5 | 66.5 | 12.6% |
| Indonesia | 26.2 | 29.5 | 38.7 | 47.7 | 22.1% |
| Nigeria | 29.9 | 40.8 | 41.3 | 40.4 | 10.6% |
| Netherlands | 21.2 | 29.7 | 35.9 | 39.5 | 23.1% |
| Australia | 32.1 | 39.0 | 35.1 | 39.4 | 7.1% |
| United Kingdom | 20.5 | 25.6 | 27.9 | 29.3 | 12.6% |
| Russia | 21.7 | 20.1 | 25.9 | 27.8 | 8.6% |
| Others | 295 | 290 | 343 | 377 | 8.5% |
| Total | 1,300 | 1,576 | 2,084 | 2,284 | 20.7% |
Top Export Markets for Sauce and Seasoning from China in 2022:
- Hong Kong SAR (110.9K tons)
- United States (105.1K tons)
- South Korea (86.2K tons)
- Philippines (41.5K tons)
- Thailand (36.1K tons)
- Malaysia (35.7K tons)
- Nigeria (29.0K tons)
- Indonesia (28.8K tons)
- Japan (24.6K tons)
- Australia (23.8K tons)
- Russia (18.7K tons)
- Netherlands (18.4K tons)
- United Kingdom (15.8K tons)
Sauce and Seasoning Imports in China
After three years of growth, supplies from abroad of sauces and seasonings decreased by -8.9% to 86K tons in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, imports attained the peak of 95K tons, and then dropped in the following year.
In value terms, sauce and seasoning imports fell to $208M in 2022. The total import value increased at an average annual rate of +2.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 12%. As a result, imports attained the peak of $233M, and then contracted in the following year.
| Import of Sauce and Seasoning in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 31.7 | 44.4 | 45.9 | 36.6 | 4.9% |
| Thailand | 23.4 | 23.5 | 29.9 | 32.0 | 11.0% |
| Japan | 22.5 | 24.8 | 28.2 | 26.8 | 6.0% |
| United States | 16.1 | 14.1 | 18.6 | 16.6 | 1.0% |
| Taiwan (Chinese) | 20.3 | 20.7 | 20.1 | 13.0 | -13.8% |
| Italy | 8.1 | 10.4 | 13.1 | 12.4 | 15.3% |
| Singapore | 13.1 | 10.5 | 13.6 | 12.4 | -1.8% |
| Hong Kong SAR | 16.1 | 12.2 | 12.8 | 12.4 | -8.3% |
| Malaysia | 11.0 | 8.3 | 10.6 | 9.6 | -4.4% |
| Germany | 5.0 | 5.7 | 5.3 | 5.3 | 2.0% |
| Vietnam | 2.7 | 2.3 | 2.7 | 3.7 | 11.1% |
| Philippines | 3.9 | 2.7 | 4.2 | 1.3 | -30.7% |
| Others | 17.2 | 27.9 | 27.9 | 25.6 | 14.2% |
| Total | 191 | 207 | 233 | 208 | 2.9% |
Top Suppliers of Sauce and Seasoning to China in 2022:
- South Korea (22.9K tons)
- Thailand (16.2K tons)
- Japan (10.2K tons)
- United States (5.9K tons)
- Taiwan (Chinese) (4.8K tons)
- Singapore (4.8K tons)
- Hong Kong SAR (4.2K tons)
- Vietnam (2.8K tons)
- Italy (2.2K tons)
- Malaysia (1.9K tons)
- Germany (1.5K tons)
- Philippines (0.7K tons)
This report provides an in-depth analysis of the sauce and seasoning market 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 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:
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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
453
This report provides an in-depth analysis of the sauce and seasoning market in China.
532
This report provides an in-depth analysis of the soya sauce market in China.
512
This report provides an in-depth analysis of the tomato ketchup market in China.
331
This report provides an in-depth analysis of the prepared mustard market in China.
390
This report provides an in-depth analysis of the market for mixed condiment, sause and seasoning in China.
286
This report provides an in-depth analysis of the electrolytically metal-coated sheet market in China.
1573
This report provides an in-depth analysis of the global sauce and seasoning market.
1722
This report provides an in-depth analysis of the global soya sauce market.
1352
This report provides an in-depth analysis of the global tomato ketchup market.
507
This report provides an in-depth analysis of the global prepared mustard market.
330
In value terms, sauce and seasoning exports skyrocketed to $248M in March 2023.
241
The price of Soya Sauce in June 2023 was $975 per ton (FOB, China), which is a decrease of -3.7% compared to the previous month.
211
In March 2023, Tomato Ketchup witnessed its highest growth rate, with a staggering month-on-month increase of 85%. However, its export value declined rapidly, reaching only $2.3M in June 2023.
266
In value terms, prepared mustard imports soared to $1M in April 2023.
273
Explore the top import markets for sauce and seasoning, backed by key statistics and data from the IndexBox market intelligence platform.
902
In value terms, sauces imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated some no...
1366
In value terms, sauces exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the last nin...
375
Discover the top import markets for tomato ketchup and learn about the leading importers, including the United Kingdom, Germany, France, Canada, and the United States. Explore key statistics and insights in this article.
141
Explore the top import markets for mixed condiments, sauces, and seasonings, including the United States, United Kingdom, Canada, France, Germany, Netherlands, Hong Kong SAR, Australia, Russia, and Mexico. Get key statistics and insights on these markets. Leverage the IndexBox market intelligence platform for accurate and up-to-date market information.
330
In value terms, sauce and seasoning exports skyrocketed to $248M in March 2023.
