Soya Sauce Market

Soya sauce market: enjoy the latest info powered by an Ai-driven market research tool. Info contain imports, companies, market prices, trade, market size, production, consumption, and exports. There is a split by country, including EU, Africa, the U.K., the Middle East, the U.S., Latin America, Russia, and China. Market dynamics and forecast to 2030 are also featured in the snapshots.


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Soya Sauce - World's Largest Markets

RatingCountry
1China
2India
3Indonesia
4Japan
5Philippines

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Indonesia.

In China, the soya sauce market expanded at an average annual rate of +6.2% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (+14.7% per year) and Indonesia (+3.3% per year).

Soya Sauce Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Vietnam922716696-13.1%
Philippines1004917940-3.2%
China8989299563.2%
South Korea105810161047-0.5%
Taiwan (Chinese)1021100811244.9%
Thailand1387145013890.1%
Indonesia1384141514683.0%
Malaysia1459142715312.4%
Hong Kong SAR1408145915745.7%
United States1643168516981.7%
Japan1712164717912.3%
Singapore1920187920493.3%
Netherlands2239217123392.2%
Average1399139214903.2%

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($2,339 per ton), while Vietnam ($696 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
France18061731272622.9%
Germany2048196421883.4%
Australia1968191220251.4%
Netherlands1614159517945.4%
China1552157817536.3%
Canada164014681595-1.4%
United Kingdom167616191584-2.8%
United States1344136814263.0%
Hong Kong SAR1321132613752.0%
Singapore1128112412886.9%
Thailand139713511235-6.0%
Russia1049103512197.8%
Indonesia9309529903.2%
Average1512149916634.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($2,726 per ton), while Indonesia ($990 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Soya Sauce - Top Importers

COUNTRY201820192020CAGR,
2018-2020
million USD
United States112103108-1.7%
France38354711.1%
Germany37384611.7%
Canada3837437.1%
United Kingdom33374212.2%

In value terms, the United States ($108M) constitutes the largest market for imported soya sauce worldwide, comprising 14% of global imports. The second position in the ranking was occupied by France ($47M), with a 6% share of global imports. It was followed by Germany, with a 5.8% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: France (+11.1% per year) and Germany (+11.7% per year).

Soya Sauce - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
million USD
Netherlands11812015414.1%
China1381481514.5%
Japan7070700.3%
United States5658571.3%
Singapore485146-1.4%

In value terms, the largest soya sauce supplying countries worldwide were the Netherlands ($154M), China ($151M) and Japan ($70M), together comprising 51% of global exports. The United States, Singapore, Thailand, Taiwan (Chinese), Hong Kong SAR, Indonesia, Malaysia, South Korea, Vietnam and the Philippines lagged somewhat behind, together comprising a further 37%.

Among the main exporting countries, Malaysia recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Soya Sauce - Market Forecast

Driven by increasing demand for soya sauce worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Soya Sauce - Product Coverage

  • HS 210310 - Sauces; soya
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World - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global soya sauce market.

Australia and Oceania - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Australia and Oceania.

Eastern Asia - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Eastern Asia.

Africa - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Africa.

Latin America and the Caribbean - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Latin America and the Caribbean.

Southern Asia - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Southern Asia.

South-Eastern Asia - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in South-Eastern Asia.

Northern America - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Northern America.

Central Asia - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in Central Asia.

Middle East - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the soya sauce market in the Middle East.

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