CIS: Soya Sauce Market 2024

Soya Sauce Market Size in CIS

The CIS soya sauce market declined to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Soya Sauce Production in CIS

In value terms, soya sauce production expanded remarkably to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Soya Sauce Exports

Exports in CIS

Soya sauce exports reduced markedly to X tons in 2022, with a decrease of X% on the year before. In general, exports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then fell dramatically in the following year.

In value terms, soya sauce exports reduced dramatically to $X in 2022. Overall, exports, however, posted perceptible growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then declined sharply in the following year.

Exports by Country

Russia was the largest exporting country with an export of about X tons, which finished at X% of total exports. It was distantly followed by Kazakhstan (X tons) and Belarus (X tons), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soya sauce exports from Russia stood at X%. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest soya sauce supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a pronounced slump. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced a decline in the export price figures.

Soya Sauce Imports

Imports in CIS

In 2022, overseas purchases of soya sauce decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, soya sauce imports fell remarkably to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Russia was the key importing country with an import of about X tons, which reached X% of total imports. Kazakhstan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). Kyrgyzstan (X tons) and Uzbekistan (X tons) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of soya sauce. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan (X p.p.), Belarus (X p.p.), Kyrgyzstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported soya sauce in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total imports. It was followed by Belarus, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the import price continues to indicate a noticeable curtailment. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belarus ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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