Italy: Soya Sauce Market 2024

Soya Sauce Market Size in Italy

After ten years of growth, the Italian soya sauce market decreased by X% to $X in 2022. In general, consumption, however, saw a buoyant increase. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Soya Sauce Production in Italy

In value terms, soya sauce production fell to $X in 2022 estimated in export price. In general, the total production indicated a perceptible 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, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Soya sauce production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Soya Sauce Exports

Exports from Italy

For the fourth consecutive year, Italy recorded growth in shipments abroad of soya sauce, which increased by X% to X tons in 2022. Overall, exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, soya sauce exports soared to $X in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X tons), Spain (X tons) and Belgium (X tons) were the main destinations of soya sauce exports from Italy, together accounting for X% of total exports. Romania, Poland, Greece, the UK, France, Croatia, Austria, Malta, Moldova and Albania lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Moldova (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for soya sauce exports from Italy, comprising X% of total exports. The second position in the ranking was held by Belgium ($X), with a X% share of total exports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the average soya sauce export price amounted to $X per ton, which is down by X% against the previous year. In general, the export price recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Albania ($X per ton), while the average price for exports to Moldova ($X 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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Italy

In 2022, approx. X tons of soya sauce were imported into Italy; with a decrease of X% compared with the previous year. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then fell in the following year.

In value terms, soya sauce imports contracted dramatically to $X in 2022. Overall, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Germany (X tons), China (X tons) and the Netherlands (X tons) were the main suppliers of soya sauce imports to Italy, with a combined X% share of total imports. Japan, Brazil, the Philippines and France lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of soya sauce to Italy, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2021, and then reduced in the following year.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :