Eastern Europe: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Eastern Europe

The East European sauce and seasoning market rose notably to $X in 2023, growing by X% against the previous year. In general, consumption recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Eastern Europe

In value terms, sauce and seasoning production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production saw a pronounced curtailment. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Sauce And Seasoning Exports

Exports in Eastern Europe

In 2023, overseas shipments of sauces and seasonings decreased by X% to X tons, falling for the second consecutive year after five years of growth. Total exports indicated a tangible expansion from 2012 to 2023: its volume 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, exports decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, sauce and seasoning exports soared to $X in 2023. In general, exports, however, continue to indicate a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Poland (X tons) represented the key exporter of sauces and seasonings, making up X% of total exports. Russia (X tons) held the second position in the ranking, distantly followed by the Czech Republic (X tons) and Hungary (X tons). All these countries together took approx. X% share of total exports. The following exporters - Romania (X tons), Slovakia (X tons) and Estonia (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Romania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Poland totaled X%. 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 2023, the export price in Eastern Europe amounted to $X per ton, jumping 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.

There were significant differences in the average prices amongst the major exporting countries. In 2023, 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 2023, 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 2023, sauce and seasoning imports in Eastern Europe rose slightly to X tons, with an increase of X% compared with the year before. Total imports indicated a temperate expansion from 2012 to 2023: its volume 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 decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, sauce and seasoning imports skyrocketed to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value 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 increased by X% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2023 and are likely to see gradual growth in the near future.

Imports by Country

The countries with the highest levels of sauce and seasoning imports in 2023 were Poland (X tons), Russia (X tons), the Czech Republic (X tons) and Romania (X tons), together finishing at X% of total import. Hungary (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Slovakia (X%) and Belarus (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (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 Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for X% of total imports. Romania, Hungary, Slovakia and Belarus lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2023, the import price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform