Canada - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Canada - 2023
Contents:
- Soya Sauce Price in Canada (CIF) - 2023
- Soya Sauce Price in Canada (FOB) - 2023
- Soya Sauce Imports in Canada
- Soya Sauce Exports in Canada
Soya Sauce Price in Canada (CIF) - 2023
The average soya sauce import price stood at $2,014 per ton in June 2023, growing by 12% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 an increase of 17% against the previous month. Over the period under review, average import prices reached the maximum at $2,223 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($3,563 per ton), while the price for the Philippines ($996 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Price in Canada (FOB) - 2023
In June 2023, the average soya sauce export price amounted to $1,804 per ton, with a decrease of -13.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 31% against the previous month. Over the period under review, the average export prices attained the peak figure at $2,090 per ton in May 2023, and then reduced in the following month.
Average prices varied noticeably for the major external markets. In June 2023, the country with the highest price was the United States ($1,804 per ton), while the average price for exports to Chile stood at $1,794 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.5%).
Soya Sauce Imports in Canada
In 2022, approx. 26K tons of soya sauce were imported into Canada; approximately reflecting the previous year's figure. The total import volume increased at an average annual rate of +2.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 5.7%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, soya sauce imports expanded markedly to $51M in 2022. The total import value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soya Sauce in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 25.4 | 27.4 | 31.5 | 33.6 | 9.8% |
| China | 7.3 | 7.9 | 7.5 | 9.0 | 7.2% |
| South Korea | 1.5 | 2.0 | 1.9 | 1.9 | 8.2% |
| Philippines | 1.0 | 1.1 | 1.1 | 1.7 | 19.3% |
| Japan | 1.7 | 1.6 | 1.6 | 1.7 | 0.0% |
| Taiwan (Chinese) | 1.0 | 1.1 | 0.9 | 1.0 | 0.0% |
| Others | 1.8 | 1.9 | 2.1 | 1.8 | 0.0% |
| Total | 39.7 | 43.0 | 46.5 | 50.6 | 8.4% |
Top Suppliers of Soya Sauce to Canada in 2022:
- United States (13.5K tons)
- China (7.7K tons)
- Philippines (1.7K tons)
- South Korea (1.0K tons)
- Taiwan (Chinese) (0.6K tons)
- Japan (0.6K tons)
Soya Sauce Exports in Canada
In 2022, shipments abroad of soya sauce decreased by -16.5% to 2.3K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. As a result, the exports attained the peak of 3.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, soya sauce exports contracted to $3.5M in 2022. In general, exports showed a slight setback. The most prominent rate of growth was recorded in 2020 with an increase of 17%. As a result, the exports reached the peak of $4.2M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Soya Sauce in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.5 | 4.0 | 3.4 | 3.3 | -1.9% |
| Chile | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.2 | 0.3 | 0.1 | 0.0% |
| Total | 3.6 | 4.2 | 3.8 | 3.5 | -0.9% |
Top Export Markets for Soya Sauce from Canada in 2022:
- United States (2127.8 tons)
- Chile (91.9 tons)
This report provides an in-depth analysis of the soya sauce market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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