Report Update: May 1, 2024

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

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Soya Sauce Price in Slovakia - 2023

Soya Sauce Price in Slovakia (CIF) - 2023

In June 2023, the average soya sauce import price amounted to $2,597 per ton, reducing by -7.1% against the previous month. Over the period under review, import price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.9% 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 import price decreased by -31.7% against April 2023 indices. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 71% month-to-month. As a result, import price attained the peak level of $3,804 per ton. From May 2023 to June 2023, the average 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 Austria ($5,672 per ton), while the price for Poland ($2,367 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 Austria (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Soya Sauce Price in Slovakia (FOB) - 2022

The average soya sauce export price stood at $1,958 per ton in 2022, remaining constant against the previous year. Overall, the export price, however, showed a pronounced descent. The pace of growth was the most pronounced in 2015 when the average export price increased by 50% against the previous year. The export price peaked at $2,829 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($3,161 per ton), while the average price for exports to Hungary ($1,626 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 Austria (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports in Slovakia

In 2022, the amount of soya sauce imported into Slovakia reached 1.4K tons, increasing by 7.8% against the year before. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 89%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, soya sauce imports soared to $2.7M in 2022. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 76%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Import of Soya Sauce in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	409	535	1,421	1,795	63.7%
Netherlands	526	226	230	251	-21.9%
China	144	175	191	195	10.6%
Germany	93.2	67.8	38.0	139	14.3%
Japan	44.7	70.9	67.5	72.8	17.7%
Luxembourg	N/A	N/A	162	65.9	-59.3%
Poland	10.0	5.4	28.1	46.6	67.0%
Others	50.7	213	136	113	30.6%
Total	1,277	1,292	2,273	2,678	28.0%

Top Suppliers of Soya Sauce to Slovakia in 2022:

Czech Republic (1064.4 tons)
China (109.4 tons)
Netherlands (55.3 tons)
Germany (41.7 tons)
Poland (24.6 tons)
Japan (20.9 tons)
Luxembourg (19.8 tons)

Soya Sauce Exports in Slovakia

In 2022, approx. 51 tons of soya sauce were exported from Slovakia; reducing by -15.4% on 2021. Over the period under review, exports showed a abrupt shrinkage. The smallest decline of -2.3% was in 2021.

In value terms, soya sauce exports dropped significantly to $101K in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 7.5%. As a result, the exports attained the peak of $148K. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Soya Sauce in Slovakia (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hungary	4.7	17.0	40.4	56.6	129.2%
Czech Republic	38.3	19.6	37.0	25.8	-12.3%
Austria	82.2	92.6	20.5	8.5	-53.1%
Slovenia	N/A	5.0	7.1	6.0	9.5%
Poland	0.3	9.9	9.0	2.3	97.2%
Others	11.7	3.5	5.0	1.5	-49.6%
Total	137	148	119	101	-9.7%

Top Export Markets for Soya Sauce from Slovakia in 2022:

Hungary (34.8 tons)
Czech Republic (9.4 tons)
Slovenia (2.9 tons)
Austria (2.7 tons)
Poland (1.0 tons)

Source: IndexBox Market Intelligence Platform

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

Slovakia

Data coverage:

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