Report Update: May 1, 2024

Argentina - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights

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Soya Sauce Price in Argentina - 2023

Soya Sauce Price in Argentina (CIF) - 2022

In 2022, the average soya sauce import price amounted to $1,406 per ton, surging by 20% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($5,003 per ton), while the price for South Korea ($962 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Soya Sauce Price in Argentina (FOB) - 2022

In 2022, the average soya sauce export price amounted to $1,873 per ton, reducing by -43.1% against the previous year. In general, the export price, however, posted a perceptible increase. The growth pace was the most rapid in 2021 an increase of 100% against the previous year. Over the period under review, the average export prices hit record highs at $3,597 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Uruguay ($2,180 per ton) and Bolivia ($2,058 per ton), while the average price for exports to Paraguay ($1,780 per ton) and Chile ($1,865 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+135.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports in Argentina

In 2022, imports of soya sauce into Argentina reached 428 tons, picking up by 5.8% on 2021 figures. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 15%. As a result, imports attained the peak of 489 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, soya sauce imports skyrocketed to $602K in 2022. The total import value increased at an average annual rate of +10.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Soya Sauce in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	229	266	220	299	9.3%
China	119	159	175	254	28.8%
Japan	12.7	20.3	8.3	20.8	17.9%
Taiwan (Chinese)	6.3	23.4	10.7	17.3	40.0%
United States	58.8	18.6	22.6	5.9	-53.5%
South Korea	15.0	21.7	17.2	5.3	-29.3%
Others	6.9	12.4	21.2	N/A	75.3%
Total	447	521	475	602	10.4%

Top Suppliers of Soya Sauce to Argentina in 2022:

Brazil (248.6 tons)
China (150.5 tons)
Japan (14.8 tons)
Taiwan (Chinese) (7.8 tons)
South Korea (5.5 tons)
United States (1.2 tons)

Soya Sauce Exports in Argentina

In 2022, soya sauce exports from Argentina contracted to 17 tons, waning by -7.8% against the previous year. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 932% against the previous year.

In value terms, soya sauce exports fell remarkably to $32K in 2022. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 when exports increased by 1,960%. As a result, the exports reached the peak of $61K, and then shrank notably in the following year.

Export of Soya Sauce in Argentina (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Paraguay	5.9	1.7	9.5	20.9	52.4%
Uruguay	2.0	0.7	2.1	7.0	51.8%
Chile	1.6	0.5	1.9	2.7	19.1%
Bolivia	0.1	0.1	0.4	1.4	141.0%
Kuwait	12.4	N/A	47.3	N/A	95.3%
Others	2.1	N/A	0.1	0.1	-63.8%
Total	24.2	3.0	61.2	32.1	9.9%

Top Export Markets for Soya Sauce from Argentina in 2022:

Paraguay (11.7 tons)
Uruguay (3.2 tons)
Chile (1.5 tons)
Bolivia (0.7 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the soya sauce market in Argentina. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10841210 - Soya sauce

Country coverage:

Argentina

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Argentina
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023