Vietnam - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Vietnam - 2021
Contents:
- Soya Sauce Price in Vietnam (CIF) - 2022
- Soya Sauce Price in Vietnam (FOB) - 2022
- Soya Sauce Imports in Vietnam
- Soya Sauce Exports in Vietnam
Soya Sauce Price in Vietnam (CIF) - 2022
In 2022, the average soya sauce import price amounted to $1,948 per ton, picking up by 1.6% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soya sauce import price decreased by -2.5% against 2018 indices. The growth pace was the most rapid in 2016 when the average import price increased by 26%. Over the period under review, average import prices attained the maximum at $1,999 per ton in 2018; however, from 2019 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 Singapore ($2,519 per ton), while the price for China ($1,377 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Price in Vietnam (FOB) - 2022
In 2022, the average soya sauce export price amounted to $922 per ton, with a decrease of -5.4% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 an increase of 27% against the previous year. Over the period under review, the average export prices attained the maximum at $975 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($1,472 per ton), while the average price for exports to Mongolia ($506 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 Malaysia (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Imports in Vietnam
In 2022, after three years of growth, there was decline in purchases abroad of soya sauce, when their volume decreased by -4.9% to 4.4K tons. The total import volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 4.6K tons, and then reduced modestly in the following year.
In value terms, soya sauce imports fell modestly to $8.5M in 2022. The total import value increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 7.2% against the previous year. As a result, imports attained the peak of $8.8M, and then declined modestly in the following year.
| Import of Soya Sauce in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.5 | 3.3 | 3.8 | 2.9 | 5.1% |
| China | 1.2 | 1.4 | 1.5 | 1.7 | 12.3% |
| Singapore | 0.3 | 0.4 | 0.4 | 1.3 | 63.0% |
| Japan | 1.4 | 1.2 | 1.2 | 0.9 | -13.7% |
| South Korea | 1.3 | 0.9 | 0.8 | 0.9 | -11.5% |
| Malaysia | 1.0 | 0.8 | 1.0 | 0.8 | -7.2% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 8.0 | 8.2 | 8.8 | 8.5 | 2.0% |
Top Suppliers of Soya Sauce to Vietnam in 2022:
- China (1212.1 tons)
- Thailand (1166.6 tons)
- South Korea (612.6 tons)
- Singapore (516.1 tons)
- Japan (493.0 tons)
- Malaysia (313.4 tons)
Soya Sauce Exports in Vietnam
In 2022, overseas shipments of soya sauce increased by 2.4% to 10K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt shrinkage.
In value terms, soya sauce exports contracted slightly to $9.3M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 6.7% against the previous year. As a result, the exports reached the peak of $9.6M, and then dropped slightly in the following year.
| Export of Soya Sauce in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2,252 | 1,864 | 2,053 | 1,867 | -6.1% |
| Cambodia | 1,091 | 1,649 | 1,731 | 1,574 | 13.0% |
| United States | 658 | 822 | 1,070 | 1,506 | 31.8% |
| Taiwan (Chinese) | 887 | 751 | 806 | 735 | -6.1% |
| Australia | 171 | 267 | 325 | 385 | 31.1% |
| Germany | 285 | 322 | 357 | 280 | -0.6% |
| South Korea | 174 | 318 | 295 | 268 | 15.5% |
| Belarus | 328 | 185 | 290 | 264 | -7.0% |
| Malaysia | 100 | 446 | 269 | 245 | 34.8% |
| Mongolia | 215 | 274 | 203 | 208 | -1.1% |
| Kazakhstan | 156 | 152 | 146 | 191 | 7.0% |
| China | 1,065 | 398 | 402 | 182 | -44.5% |
| Morocco | N/A | 17.6 | 36.2 | 141 | 183.0% |
| Others | 1,130 | 1,521 | 1,607 | 1,443 | 8.5% |
| Total | 8,513 | 8,986 | 9,590 | 9,288 | 2.9% |
Top Export Markets for Soya Sauce from Vietnam in 2022:
- Russia (2097.6 tons)
- Cambodia (1768.6 tons)
- United States (1022.7 tons)
- Taiwan (Chinese) (823.6 tons)
- Australia (454.3 tons)
- Mongolia (411.3 tons)
- Germany (349.1 tons)
- South Korea (314.0 tons)
- Belarus (296.5 tons)
- Malaysia (274.5 tons)
- Kazakhstan (267.5 tons)
- China (202.9 tons)
- Morocco (185.6 tons)
This report provides an in-depth analysis of the soya sauce market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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