Report Update: May 1, 2024

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

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Soya Sauce Price in Uruguay - 2022

Soya Sauce Price in Uruguay (CIF) - 2022

The average soya sauce import price stood at $1,859 per ton in 2022, growing by 29% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The import price peaked at $1,960 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($3,363 per ton), while the price for Ecuador ($1,371 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Soya Sauce Price in Uruguay (FOB) - 2022

In 2022, the average soya sauce export price amounted to $4,308 per ton, dropping by -4.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices reached the maximum at $6,175 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 Chile ($5,000 per ton), while the average price for exports to the UK totaled $2,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (-0.3%).

Soya Sauce Imports in Uruguay

In 2022, approx. 289 tons of soya sauce were imported into Uruguay; declining by -10.9% against the year before. Overall, total imports indicated a temperate increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 75% against the previous year. As a result, imports reached the peak of 324 tons, and then reduced in the following year.

In value terms, soya sauce imports soared to $537K in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 28%. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Soya Sauce in Uruguay (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Brazil	82.8	95.3	116	195	33.0%
China	138	112	116	150	2.8%
Japan	21.6	58.9	119	124	79.1%
United States	165	46.6	69.2	35.7	-40.0%
Ecuador	18.1	16.4	13.3	15.5	-5.0%
Hong Kong SAR	11.2	10.8	9.3	N/A	-8.9%
Philippines	9.5	9.2	7.9	N/A	-8.8%
Others	36.2	13.4	14.4	16.3	-23.4%
Total	483	363	465	537	3.6%

Top Suppliers of Soya Sauce to Uruguay in 2022:

Brazil (115.7 tons)
China (107.7 tons)
Japan (36.9 tons)
Ecuador (11.3 tons)
United States (10.7 tons)

Soya Sauce Exports in Uruguay

In 2022, after three years of growth, there was significant decline in shipments abroad of soya sauce, when their volume decreased by -18.8% to 26 kg. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +36.8% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 60%. As a result, the exports attained the peak of 32 kg, and then declined significantly in the following year.

In value terms, soya sauce exports fell notably to $112 in 2022. Over the period under review, exports, however, saw a strong increase. The growth pace was the most rapid in 2021 with an increase of 86% against the previous year. As a result, the exports attained the peak of $145, and then fell rapidly in the following year.

Export of Soya Sauce in Uruguay (USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	73.0	72.0	131	100	11.1%
United Kingdom	5.0	6.0	14.0	12.0	33.9%
Others	N/A	N/A	N/A	N/A	0%
Total	78.0	78.0	145	112	12.8%

Top Export Markets for Soya Sauce from Uruguay in 2022:

Chile (20.0 kg)
United Kingdom (6.0 kg)

Source: IndexBox Market Intelligence Platform

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

Uruguay

Data coverage:

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