Iran: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Iran

The Iranian sauce and seasoning market reduced to $X in 2023, dropping by X% against the previous year. Overall, consumption saw a noticeable slump. The pace of growth appeared the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Sauce And Seasoning Production in Iran

In value terms, sauce and seasoning production declined modestly to $X in 2023 estimated in export price. In general, production showed a pronounced slump. The growth pace was the most rapid in 2018 with an increase of X%. Sauce and seasoning production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Sauce And Seasoning Exports

Exports from Iran

In 2023, after two years of growth, there was decline in overseas shipments of sauces and seasonings, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, sauce and seasoning exports fell to $X in 2023. Overall, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

Sweden (X tons), Germany (X tons) and Turkey (X tons) were the main destinations of sauce and seasoning exports from Iran, together comprising X% of total exports. Armenia, Canada, Azerbaijan, Australia, the Netherlands and the UK lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Azerbaijan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sauce and seasoning exported from Iran were Sweden ($X), Germany ($X) and Canada ($X), with a combined X% share of total exports. Armenia, the Netherlands, Azerbaijan, Australia, Turkey and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sauce and seasoning export price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Sauce And Seasoning Imports

Imports into Iran

In 2023, supplies from abroad of sauces and seasonings was finally on the rise to reach X tons for the first time since 2017, thus ending a five-year declining trend. In general, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, sauce and seasoning imports declined to $X in 2023. Over the period under review, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and China (X tons) were the main suppliers of sauce and seasoning imports to Iran, together comprising X% of total imports. Canada and the Netherlands lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest sauce and seasoning suppliers to Iran were Turkey ($X), Canada ($X) and Germany ($X), with a combined X% share of total imports. China and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, 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 average sauce and seasoning import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then reduced notably in the following year.

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

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

Source: IndexBox Platform