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In 2021, Sauce and Seasoning exports reached a peak of 87K tons. Unfortunately, from 2022 to 2023, the exports did not regain momentum, resulting in a value of $178M in 2023.
Imports peaked in 2023 and are projected to continue growing in the near future. In terms of value, 'Sauce and Seasoning' imports saw a slight increase to $537M in 2023.
From June 2023 to October 2023, the export growth of Sauce and Seasoning remained low, with exports shrinking to $106M in October 2023.
In November 2022, the pace of growth was particularly rapid, with imports increasing by 40% compared to the previous month. However, in terms of value, imports of Sauce and Seasoning decreased significantly to $27M in October 2023.
Explore the top import markets for sauce and seasoning, backed by key statistics and data from the IndexBox market intelligence platform.
The Sauce and Seasoning industry experienced its most rapid growth in May 2023, with a month-on-month increase of 21%. In terms of value, exports of sauce and seasoning reached $53M in September 2023.
In March 2023, the growth rate of Sauce and Seasoning exports was the highest, showing a 20% increase compared to the previous month. The total value of these exports reached $45M in June 2023.
The price of the Sauce and Seasoning in May 2023, FOB Italy, remained relatively stable at $3,614 per ton compared to the previous month.
The price of Sauce and Seasoning in April 2023 was $2,710 per ton (CIF, Qatar), showing a decrease of 7.7% compared to the previous month.
In value terms, sauce and seasoning exports skyrocketed to $248M in March 2023.
In November 2022, the price of sauce and seasoning was $2,135 per ton (CIF, UK), a 4.8% increase from the previous month.
In August 2022, the sauce and seasoning price stood at $3,549 per ton (FOB, Germany), increasing by 11% against the previous month.