Eastern Europe: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Eastern Europe

In 2022, the East European sauce and seasoning market increased by X% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption recorded a slight decline. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Eastern Europe

In value terms, sauce and seasoning production rose notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible reduction. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Sauce And Seasoning Exports

Exports in Eastern Europe

In 2022, after five years of growth, there was significant decline in overseas shipments of sauces and seasonings, when their volume decreased by X% to X tons. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped in the following year.

In value terms, sauce and seasoning exports totaled $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Poland represented the main exporter of sauces and seasonings in Eastern Europe, with the volume of exports reaching X tons, which was approx. X% of total exports in 2022. Russia (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Hungary (X%). The following exporters - Slovakia (X tons), Romania (X tons) and Estonia (X tons) - together made up X% of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Hungary (X%), Slovakia (X%), Russia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. Estonia experienced a relatively flat trend pattern. While the share of Poland (X p.p.), Hungary (X p.p.) and Romania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Estonia (X p.p.), Russia (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest sauce and seasoning supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Hungary, with a X% share.

In Poland, sauce and seasoning exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Hungary (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports in Eastern Europe

In 2022, supplies from abroad of sauces and seasonings decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total imports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then dropped in the following year.

In value terms, sauce and seasoning imports dropped slightly to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Russia (X tons) and Poland (X tons) represented the key importers of sauces and seasonings in 2022, recording near X% and X% of total imports, respectively. The Czech Republic (X tons) ranks next in terms of the total imports with a X% share, followed by Romania (X%), Hungary (X%) and Slovakia (X%). Lithuania (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Romania, Hungary, Slovakia and Lithuania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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