Report Update: May 1, 2024

Italy - Sauces and Seasonings - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Sauce and Seasoning Price in Italy - 2023

Sauce and Seasoning Price in Italy (FOB) - 2023

In July 2023, the average sauce and seasoning export price amounted to $3,619 per ton, dropping by -2.8% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.5%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 8.2% against the previous month. Over the period under review, the average export prices attained the peak figure at $3,725 per ton in June 2023, and then fell modestly in the following month.

There were significant differences in the average prices for the major overseas markets. In July 2023, the country with the highest price was Switzerland ($4,694 per ton), while the average price for exports to Poland ($2,926 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 Poland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce and Seasoning Price in Italy (CIF) - 2023

The average sauce and seasoning import price stood at $2,960 per ton in July 2023, therefore, remained relatively stable against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The growth pace was the most rapid in December 2022 when the average import price increased by 26% m-o-m. Over the period under review, average import prices attained the peak figure at $3,050 per ton in February 2023; afterwards, it flattened through to July 2023.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($3,820 per ton), while the price for Thailand ($1,774 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 UK (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Sauce and Seasoning Exports in Italy

For the fourth year in a row, Italy recorded growth in overseas shipments of sauces and seasonings, which increased by 6.8% to 547K tons in 2022. The total export volume increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 28%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sauce and seasoning exports soared to $1.7B in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +64.6% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Export of Sauce and Seasoning in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	167	263	351	403	34.1%
Germany	203	262	264	304	14.4%
France	129	145	162	186	13.0%
United Kingdom	87.7	118	115	132	14.6%
Switzerland	36.8	51.7	57.7	66.3	21.7%
Australia	31.9	40.4	39.2	45.1	12.2%
Spain	31.1	30.4	39.3	45.1	13.2%
Netherlands	35.2	34.5	36.0	41.4	5.6%
Poland	20.0	24.9	29.5	33.9	19.2%
Belgium	23.8	26.2	29.4	33.8	12.4%
Austria	19.9	25.3	26.3	30.3	15.0%
Sweden	25.6	25.1	23.6	28.0	3.0%
Others	196	228	269	309	16.4%
Total	1,007	1,274	1,442	1,658	18.1%

Top Export Markets for Sauce and Seasoning from Italy in 2022:

United States (142.1K tons)
Germany (103.9K tons)
France (70.3K tons)
United Kingdom (43.5K tons)
Poland (17.8K tons)
Switzerland (16.6K tons)
Australia (15.2K tons)
Netherlands (13.2K tons)
Spain (10.8K tons)
Austria (10.2K tons)
Belgium (9.8K tons)
Sweden (8.6K tons)

Sauce and Seasoning Imports in Italy

In 2022, sauce and seasoning imports into Italy amounted to 117K tons, picking up by 9.1% against 2021 figures. The total import volume increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15%. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, sauce and seasoning imports skyrocketed to $305M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are expected to retain growth in the near future.

Import of Sauce and Seasoning in Italy (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	61.6	66.0	92.0	107	20.2%
Poland	30.5	29.1	31.1	36.1	5.8%
Spain	23.5	23.0	27.9	32.4	11.3%
Netherlands	17.0	16.6	26.6	30.9	22.0%
Austria	20.6	16.4	11.7	18.5	-3.5%
Belgium	13.2	14.5	15.3	17.7	10.3%
China	3.5	3.4	6.5	7.6	29.5%
Others	37.2	36.5	46.6	54.9	13.9%
Total	207	206	258	305	13.8%

Top Suppliers of Sauce and Seasoning to Italy in 2022:

Germany (35.5K tons)
Poland (16.6K tons)
Spain (15.4K tons)
Netherlands (13.5K tons)
Belgium (8.0K tons)
Austria (7.2K tons)
China (4.2K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sauce and seasoning market in Italy. 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:

Italy

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Italy
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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. 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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. 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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. 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
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. 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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023