Benelux: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Benelux

In 2023, the Benelux sauce and seasoning market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption continues to indicate a noticeable shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Sauce And Seasoning Production in Benelux

In value terms, sauce and seasoning production soared to $X in 2023 estimated in export price. Overall, production recorded a noticeable setback. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports in Benelux

In 2023, shipments abroad of sauces and seasonings decreased by X% to X tons for the first time since 2015, thus ending a seven-year rising trend. Total exports indicated a noticeable increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, sauce and seasoning exports totaled $X in 2023. Overall, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

The Netherlands represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Belgium (X tons), generating a X% share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Belgium (X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in Benelux, with a CAGR of X% from 2012-2023. While the share of Belgium (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Netherlands (X p.p.) displayed negative dynamics.

In value terms, the largest sauce and seasoning supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

Among the main exporting countries, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2023, the export price in Benelux amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (X%).

Sauce And Seasoning Imports

Imports in Benelux

In 2023, overseas purchases of sauces and seasonings decreased by X% to X tons, falling for the second consecutive year after six years of growth. Total imports indicated a perceptible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports totaled $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands represented the major importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by Belgium (X tons), achieving a X% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Netherlands (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 importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main importing countries, Belgium, with a CAGR of X%, recorded the highest growth rate of 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

In 2023, the import price in Benelux amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform