Report Update: May 1, 2024

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

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Soya Sauce Price in Denmark - 2023

Soya Sauce Price in Denmark (CIF) - 2023

The average soya sauce import price stood at $3,721 per ton in June 2023, rising by 15% against the previous month. Over the period under review, the import price posted a temperate expansion. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 366% month-to-month. As a result, import price reached the peak level of $12,776 per ton. From December 2022 to June 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($6,104 per ton), while the price for China ($1,401 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 Japan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Soya Sauce Price in Denmark (FOB) - 2023

In June 2023, the average soya sauce export price amounted to $4,073 per ton, dropping by -4.9% against the previous month. In general, the export price recorded a mild decline. The growth pace was the most rapid in April 2023 when the average export price increased by 43% m-o-m. Over the period under review, the average export prices reached the peak figure at $6,936 per ton in September 2022; however, from October 2022 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Faroe Islands ($9,891 per ton), while the average price for exports to Sweden ($2,187 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports in Denmark

In 2022, imports of soya sauce into Denmark surged to 2.4K tons, picking up by 17% on 2021. The total import volume increased at an average annual rate of +9.7% from 2019 to 2022; however, 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.

In value terms, soya sauce imports skyrocketed to $9.5M in 2022. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Soya Sauce in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	2,273	3,041	3,316	5,682	35.7%
Netherlands	522	446	703	998	24.1%
China	507	665	704	741	13.5%
Sweden	323	356	417	673	27.7%
Japan	653	602	981	557	-5.2%
Thailand	90.9	120	154	246	39.4%
Hong Kong SAR	N/A	N/A	N/A	105	0%
Others	302	270	167	486	17.2%
Total	4,671	5,498	6,444	9,488	26.6%

Top Suppliers of Soya Sauce to Denmark in 2022:

Germany (723.7 tons)
China (371.0 tons)
Sweden (356.4 tons)
Netherlands (348.8 tons)
Japan (322.3 tons)
Thailand (124.4 tons)
Hong Kong SAR (80.6 tons)

Soya Sauce Exports in Denmark

In 2022, after three years of growth, there was significant decline in shipments abroad of soya sauce, when their volume decreased by -63.8% to 230 tons. Overall, exports continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 10% against the previous year. As a result, the exports attained the peak of 634 tons, and then declined sharply in the following year.

In value terms, soya sauce exports declined remarkably to $1.3M in 2022. Over the period under review, exports saw a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year.

Export of Soya Sauce in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Greenland	351	524	531	644	22.4%
Norway	95.0	149	162	151	16.7%
Sweden	12.5	15.0	55.1	136	121.6%
United Kingdom	14.3	N/A	60.8	119	102.6%
Iceland	50.3	47.2	45.6	100	25.7%
Faroe Islands	64.7	81.4	73.0	92.3	12.6%
Finland	1,872	2,088	2,433	22.9	-77.0%
Others	36.3	18.3	21.5	48.6	10.2%
Total	2,496	2,923	3,381	1,313	-19.3%

Top Export Markets for Soya Sauce from Denmark in 2022:

Greenland (55.9 tons)
Norway (50.4 tons)
United Kingdom (41.2 tons)
Sweden (30.1 tons)
Iceland (27.3 tons)
Faroe Islands (12.5 tons)
Finland (4.6 tons)

Source: IndexBox Market Intelligence Platform

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

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
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