Australia - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Australia - 2023
Contents:
- Soya Sauce Price in Australia (CIF) - 2023
- Soya Sauce Price in Australia (FOB) - 2022
- Soya Sauce Imports in Australia
- Soya Sauce Exports in Australia
Soya Sauce Price in Australia (CIF) - 2023
In July 2023, the average soya sauce import price amounted to $1,897 per ton, reducing by -5.3% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 26% against the previous month. Over the period under review, average import prices hit record highs at $2,202 per ton in January 2023; however, from February 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($2,926 per ton), while the price for the Philippines ($1,085 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Price in Australia (FOB) - 2022
The average soya sauce export price stood at $3,085 per ton in 2022, with a decrease of -15.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 50% against the previous year. The export price peaked at $3,662 per ton in 2021, and then fell notably in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($7,590 per ton), while the average price for exports to Nauru ($1,456 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Imports in Australia
In 2022, imports of soya sauce into Australia amounted to 22K tons, with an increase of 12% on 2021 figures. The total import volume increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, soya sauce imports rose significantly to $44M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 12%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Soya Sauce in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.3 | 12.2 | 10.8 | 12.7 | 10.9% |
| Singapore | 9.3 | 10.8 | 10.6 | 11.9 | 8.6% |
| Japan | 7.3 | 6.9 | 7.1 | 6.5 | -3.8% |
| Indonesia | 3.5 | 3.7 | 3.9 | 4.2 | 6.3% |
| Thailand | 1.4 | 1.2 | 1.6 | 2.1 | 14.5% |
| Hong Kong SAR | 1.5 | 1.9 | 1.5 | 2.1 | 11.9% |
| South Korea | 1.0 | 1.0 | 1.0 | 1.2 | 6.3% |
| Malaysia | 1.3 | 1.3 | 1.1 | 1.1 | -5.4% |
| Taiwan (Chinese) | 0.7 | 0.5 | 0.5 | 0.6 | -5.0% |
| Philippines | 0.4 | 0.5 | 0.4 | 0.6 | 14.5% |
| Others | 1.1 | 1.3 | 1.3 | 1.4 | 8.4% |
| Total | 36.8 | 41.2 | 39.7 | 44.3 | 6.4% |
Top Suppliers of Soya Sauce to Australia in 2022:
- China (7.3K tons)
- Singapore (5.7K tons)
- Indonesia (2.4K tons)
- Japan (2.2K tons)
- South Korea (1.0K tons)
- Thailand (1.0K tons)
- Hong Kong SAR (1.0K tons)
- Philippines (0.4K tons)
- Malaysia (0.4K tons)
- Taiwan (Chinese) (0.3K tons)
Soya Sauce Exports in Australia
In 2022, exports of soya sauce from Australia skyrocketed to 190 tons, increasing by 92% on the previous year. In general, exports, however, showed a dramatic decline.
In value terms, soya sauce exports soared to $586K in 2022. Overall, exports, however, faced a sharp slump. The pace of growth appeared the most rapid in 2021 when exports increased by 99%.
| Export of Soya Sauce in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 6.0 | 0.7 | 18.1 | 238 | 241.0% |
| New Zealand | 56.8 | 102 | 142 | 174 | 45.2% |
| Maldives | N/A | N/A | N/A | 45.0 | 0% |
| Thailand | 13.0 | N/A | 13.7 | 40.3 | 45.8% |
| Philippines | 31.2 | 9.1 | 82.9 | 21.9 | -11.1% |
| Mauritius | 1.3 | N/A | N/A | 15.7 | 129.4% |
| China | 63.0 | N/A | N/A | 14.9 | -38.2% |
| Nauru | 40.3 | 50.8 | 7.2 | 9.0 | -39.3% |
| Japan | 1,098 | N/A | N/A | N/A | 0% |
| Others | 55.0 | 20.3 | 98.6 | 26.9 | -21.2% |
| Total | 1,364 | 183 | 363 | 586 | -24.5% |
Top Export Markets for Soya Sauce from Australia in 2022:
- Papua New Guinea (94.8 tons)
- New Zealand (37.0 tons)
- Maldives (19.7 tons)
- Thailand (10.3 tons)
- Nauru (6.2 tons)
- Philippines (6.0 tons)
- Mauritius (5.5 tons)
- China (2.0 tons)
This report provides an in-depth analysis of the soya sauce market in Australia. 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:
- Australia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Australia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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