Russian Federation: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in the Russian Federation

The Russian sauce and seasoning market amounted to $X in 2022, approximately mirroring the previous year. In general, consumption, however, continues to indicate a mild downturn. Sauce and seasoning consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in the Russian Federation

In value terms, sauce and seasoning production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, production hit record highs 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 from the Russian Federation

Sauce and seasoning exports from Russia declined sharply to X tons in 2022, waning by X% on the year before. Over the period under review, total exports indicated a moderate 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. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then plummeted in the following year.

In value terms, sauce and seasoning exports fell to $X in 2022. In general, 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 2015 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then reduced slightly in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for sauce and seasoning exports from Russia, with a X% share of total exports. Moreover, sauce and seasoning exports to Kazakhstan exceeded the volume sent to the second major destination, Uzbekistan (X tons), twofold. The third position in this ranking was taken by Azerbaijan (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Azerbaijan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sauces and seasonings exports from Russia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Azerbaijan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the average sauce and seasoning export price amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Georgia ($X per ton) and Moldova ($X per ton), while the average price for exports to Azerbaijan ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into the Russian Federation

After five years of growth, supplies from abroad of sauces and seasonings decreased by X% to X tons in 2022. Overall, imports, however, enjoyed moderate growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, sauce and seasoning imports dropped dramatically to $X in 2022. Over the period under review, imports, however, saw strong growth. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

China (X tons), South Korea (X tons) and Austria (X tons) were the main suppliers of sauce and seasoning imports to Russia, together accounting for X% of total imports. Thailand, Italy, Spain, Poland, Vietnam, the UK, Germany, Finland, the Netherlands and Lithuania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning suppliers to Russia were Austria ($X), South Korea ($X) and China ($X), together accounting for X% of total imports. Poland, Thailand, Italy, Germany, the UK, Spain, Finland, Vietnam, Lithuania and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average sauce and seasoning import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2016 when the average import price increased by X% 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 Austria ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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