Portugal - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Portugal - 2023
Contents:
- Soya Sauce Price in Portugal (CIF) - 2023
- Soya Sauce Price in Portugal (FOB) - 2023
- Soya Sauce Imports in Portugal
- Soya Sauce Exports in Portugal
Soya Sauce Price in Portugal (CIF) - 2023
In June 2023, the average soya sauce import price amounted to $1,877 per ton, declining by -12.3% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 45% month-to-month. As a result, import price reached the peak level of $2,633 per ton. From August 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Spain ($3,351 per ton), while the price for China ($1,180 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 the Netherlands (+2.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Soya Sauce Price in Portugal (FOB) - 2023
The average soya sauce export price stood at $2,753 per ton in June 2023, remaining constant against the previous month. Overall, export price indicated a pronounced expansion from June 2022 to June 2023: its price increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, soya sauce export price increased by +53.4% against March 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 36% month-to-month. Over the period under review, the average export prices hit record highs in June 2023.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was Angola ($3,621 per ton), while the average price for exports to Italy ($1,843 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 Spain (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.
Soya Sauce Imports in Portugal
In 2022, approx. 2.4K tons of soya sauce were imported into Portugal; with an increase of 17% on 2021 figures. The total import volume increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations 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 expanded to $4.8M in 2022. The total import value increased at an average annual rate of +9.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Soya Sauce in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 780 | 1,049 | 1,467 | 1,565 | 26.1% |
| China | 622 | 895 | 1,262 | 1,438 | 32.2% |
| Germany | 310 | 380 | 690 | 820 | 38.3% |
| Japan | 1,124 | 567 | 473 | 307 | -35.1% |
| Spain | 277 | 210 | 243 | 271 | -0.7% |
| France | 11.8 | 22.3 | 91.6 | 148 | 132.3% |
| United Kingdom | 369 | 305 | 28.6 | 1.9 | -82.7% |
| Others | 123 | 176 | 347 | 232 | 23.6% |
| Total | 3,616 | 3,603 | 4,601 | 4,782 | 9.8% |
Top Suppliers of Soya Sauce to Portugal in 2022:
- China (919.4 tons)
- Germany (545.0 tons)
- Netherlands (487.6 tons)
- Japan (170.2 tons)
- Spain (86.7 tons)
- France (64.5 tons)
- United Kingdom (0.6 tons)
Soya Sauce Exports in Portugal
In 2022, the amount of soya sauce exported from Portugal dropped notably to 865 tons, waning by -20.9% on 2021 figures. In general, exports saw a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 9.2% against the previous year. As a result, the exports reached the peak of 1.1K tons, and then contracted significantly in the following year.
In value terms, soya sauce exports declined to $1.9M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of $2.3M, and then dropped in the following year.
| Export of Soya Sauce in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 1,602 | 1,502 | 1,916 | 1,612 | 0.2% |
| Austria | N/A | N/A | 77.3 | 140 | 81.1% |
| Angola | 50.1 | 20.2 | 23.1 | 41.0 | -6.5% |
| Others | 53.6 | 173 | 240 | 128 | 33.7% |
| Total | 1,706 | 1,696 | 2,256 | 1,921 | 4.0% |
Top Export Markets for Soya Sauce from Portugal in 2022:
- Spain (779.7 tons)
- Austria (30.9 tons)
- Angola (13.9 tons)
This report provides an in-depth analysis of the soya sauce market in Portugal. 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:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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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