Report Update: May 1, 2024

Russian Federation - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Soya Sauce Price in Russia - 2022

Soya Sauce Price in Russia (CIF) - 2022

In January 2022, the average soya sauce import price amounted to $1,226 per ton, remaining constant against the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average import price increased by 16% m-o-m. As a result, import price reached the peak level of $1,412 per ton. From September 2021 to January 2022, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In January 2022, the highest price was recorded for prices from the UK ($1,325 per ton) and China ($1,272 per ton), while the price for South Korea ($1,046 per ton) and Vietnam ($1,086 per ton) were amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Soya Sauce Price in Russia (FOB) - 2022

In January 2022, the average soya sauce export price amounted to $1,090 per ton, declining by -4.9% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2021 an increase of 26% against the previous month. As a result, the export price attained the peak level of $1,244 per ton. From November 2021 to January 2022, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Armenia ($1,787 per ton), while the average price for exports to Azerbaijan ($736 per ton) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports in Russia

In 2022, after three years of growth, there was decline in supplies from abroad of soya sauce, when their volume decreased by -2.7% to 22K tons. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 6% against the previous year. As a result, imports attained the peak of 23K tons, and then contracted in the following year.

In value terms, soya sauce imports declined to $27M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of $29M, and then fell in the following year.

Import of Soya Sauce in Russia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.6	9.1	12.4	14.0	22.6%
Netherlands	8.1	8.7	9.2	6.1	-9.0%
Vietnam	2.3	2.2	2.2	3.3	12.8%
South Korea	1.9	2.3	2.8	2.3	6.6%
United Kingdom	0.8	0.8	1.0	0.9	4.0%
Others	1.7	1.4	1.5	0.2	-51.0%
Total	22.4	24.4	29.1	26.8	6.2%

Top Suppliers of Soya Sauce to Russia in 2022:

China (11.2K tons)
Netherlands (4.9K tons)
Vietnam (3.1K tons)
South Korea (2.2K tons)
United Kingdom (0.7K tons)

Soya Sauce Exports in Russia

In 2022, shipments abroad of soya sauce decreased by -16.1% to 3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 84% against the previous year.

In value terms, soya sauce exports contracted to $3.2M in 2022. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 57%.

Export of Soya Sauce in Russia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Belarus	551	926	1,374	1,250	31.4%
Ukraine	437	548	567	815	23.1%
Kazakhstan	281	658	973	517	22.5%
Kyrgyzstan	16.7	42.4	93.3	198	128.0%
Azerbaijan	121	121	111	156	8.8%
Georgia	20.8	24.1	57.3	90.5	63.3%
Estonia	4.4	23.3	58.6	71.0	152.7%
Armenia	62.3	124	190	50.5	-6.8%
Moldova	108	123	193	45.3	-25.1%
Others	107	99.1	167	41.6	-27.0%
Total	1,709	2,688	3,783	3,236	23.7%

Top Export Markets for Soya Sauce from Russia in 2022:

Belarus (1223.8 tons)
Ukraine (825.7 tons)
Kazakhstan (383.5 tons)
Azerbaijan (215.1 tons)
Kyrgyzstan (171.0 tons)
Georgia (58.4 tons)
Estonia (51.1 tons)
Moldova (28.8 tons)
Armenia (28.7 tons)

Source: IndexBox Market Intelligence Platform

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

Russia

Data coverage:

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