India - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSauce and Seasoning Price in India - 2023
Contents:
- Sauce and Seasoning Price in India (FOB) - 2023
- Sauce and Seasoning Price in India (CIF) - 2023
- Sauce and Seasoning Exports in India
- Sauce and Seasoning Imports in India
Sauce and Seasoning Price in India (FOB) - 2023
The average sauce and seasoning export price stood at $2,558 per ton in July 2023, picking up by 7% against the previous month. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average export price increased by 8% against the previous month. As a result, the export price reached the peak level of $2,595 per ton; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Oman ($4,711 per ton), while the average price for exports to Iraq ($918 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Sauce and Seasoning Price in India (CIF) - 2023
The average sauce and seasoning import price stood at $2,726 per ton in July 2023, with an increase of 15% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $3,099 per ton in August 2022; however, from September 2022 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($5,961 per ton), while the price for Egypt ($701 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Sauce and Seasoning Exports in India
In 2022, shipments abroad of sauces and seasonings decreased by -35.1% to 21K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 10%. As a result, the exports attained the peak of 33K tons, and then dropped sharply in the following year.
In value terms, sauce and seasoning exports reduced to $68M in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 12% against the previous year.
| Export of Sauce and Seasoning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 17.4 | 13.3 | 11.5 | 11.5 | -12.9% |
| United Kingdom | 6.4 | 9.0 | 9.8 | 8.2 | 8.6% |
| Australia | 5.7 | 7.6 | 7.0 | 5.8 | 0.6% |
| United Arab Emirates | 6.7 | 6.7 | 6.7 | 5.6 | -5.8% |
| Bangladesh | 4.0 | 6.6 | 5.9 | 4.9 | 7.0% |
| Saudi Arabia | 4.1 | 5.0 | 4.3 | 3.6 | -4.2% |
| Nepal | 2.3 | 3.5 | 3.5 | 2.9 | 8.0% |
| Oman | 2.8 | 3.4 | 3.2 | 2.6 | -2.4% |
| Canada | 2.0 | 2.6 | 2.6 | 2.2 | 3.2% |
| Thailand | 2.0 | 2.6 | 2.6 | 2.1 | 1.6% |
| Egypt | 1.4 | 1.1 | 1.7 | 1.4 | 0.0% |
| Malaysia | 0.5 | 0.7 | 1.5 | 1.2 | 33.9% |
| Philippines | 1.3 | 0.9 | 1.2 | 1.0 | -8.4% |
| Others | 13.2 | 15.0 | 17.5 | 15.1 | 4.6% |
| Total | 69.8 | 77.9 | 79.0 | 68.2 | -0.8% |
Top Export Markets for Sauce and Seasoning from India in 2022:
- United States (3.4K tons)
- United Kingdom (2.5K tons)
- United Arab Emirates (2.1K tons)
- Australia (1.6K tons)
- Saudi Arabia (1.2K tons)
- Bangladesh (1.1K tons)
- Nepal (1.1K tons)
- Canada (0.7K tons)
- Malaysia (0.7K tons)
- Oman (0.6K tons)
- Philippines (0.6K tons)
- Egypt (0.5K tons)
- Thailand (0.5K tons)
Sauce and Seasoning Imports in India
In 2022, imports of sauces and seasonings into India declined significantly to 2.5K tons, with a decrease of -69.3% compared with 2021 figures. Overall, imports faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 48% against the previous year. As a result, imports attained the peak of 8.1K tons, and then declined significantly in the following year.
In value terms, sauce and seasoning imports shrank markedly to $7.4M in 2022. In general, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of $21M, and then fell markedly in the following year.
| Import of Sauce and Seasoning in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 5.8 | 4.3 | 6.3 | 2.3 | -26.5% |
| United States | 4.3 | 2.9 | 3.4 | 1.2 | -34.7% |
| Malaysia | 2.5 | 0.8 | 2.0 | 0.7 | -34.6% |
| China | 2.3 | 1.2 | 2.0 | 0.7 | -32.7% |
| United Arab Emirates | 1.2 | 1.3 | 1.7 | 0.6 | -20.6% |
| Singapore | 1.1 | 1.0 | 1.0 | 0.4 | -28.6% |
| Japan | 0.3 | 0.3 | 0.6 | 0.2 | -12.6% |
| Indonesia | 0.5 | 0.5 | 0.3 | 0.1 | -41.5% |
| Bhutan | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 2.2 | 2.6 | 3.7 | 1.1 | -20.6% |
| Total | 20.4 | 14.8 | 21.0 | 7.4 | -28.7% |
Top Suppliers of Sauce and Seasoning to India in 2022:
- Thailand (706.5 tons)
- China (329.2 tons)
- United States (320.5 tons)
- Malaysia (282.5 tons)
- United Arab Emirates (242.6 tons)
- Singapore (119.5 tons)
- Japan (65.8 tons)
- Indonesia (40.7 tons)
- Bhutan (36.8 tons)
This report provides an in-depth analysis of the sauce and seasoning market in India. 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:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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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