Israel: Sauce And Seasoning Market 2024

Sauce And Seasoning Market Size in Israel

The Israeli sauce and seasoning market was estimated at $X in 2023, remaining constant against the previous year. Over the period under review, consumption saw a prominent increase. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Sauce And Seasoning Production in Israel

In value terms, sauce and seasoning production stood at $X in 2023 estimated in export price. In general, production continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Sauce And Seasoning Exports

Exports from Israel

In 2023, shipments abroad of sauces and seasonings decreased by X% to X tons, falling for the fifth consecutive year after three years of growth. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2023, the growth of the exports failed to regain momentum.

In value terms, sauce and seasoning exports totaled $X in 2023. In general, exports showed a noticeable decline. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The UK (X tons), France (X tons) and the United States (X tons) were the main destinations of sauce and seasoning exports from Israel, together accounting for X% of total exports. Ukraine, Kazakhstan, Turkey, China, Thailand, Germany, Canada, Belgium, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for sauce and seasoning exported from Israel were the UK ($X), France ($X) and the United States ($X), together accounting for X% of total exports. Ukraine, Kazakhstan, Turkey, China, Germany, Thailand, Belgium, Canada, Taiwan (Chinese) and Russia lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average sauce and seasoning export price 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 attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Canada ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Sauce And Seasoning Imports

Imports into Israel

In 2023, after two years of growth, there was significant decline in supplies from abroad of sauces and seasonings, when their volume decreased by X% to X tons. In general, imports, however, continue to indicate strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2022, and then contracted in the following year.

In value terms, sauce and seasoning imports reduced to $X in 2023. Overall, imports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then declined in the following year.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of sauce and seasoning imports to Israel, together accounting for X% of total imports. Thailand, Spain, France, Poland, Portugal, Japan, Turkey, Russia, Canada and South Africa lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), the Netherlands ($X) and Thailand ($X) were the largest sauce and seasoning suppliers to Israel, together comprising X% of total imports. Italy, Spain, France, Portugal, Poland, Turkey, Russia, Canada, South Africa and Japan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Poland, with a CAGR of X%, recorded 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

In 2023, the average sauce and seasoning import price amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform