Report Update Apr 1, 2024

Puerto Rico - Soya Sauce - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Soya Sauce Market 2022

Soya Sauce Market Size in Puerto Rico

In 2021, after three years of decline, there was growth in the Puerto Rican soya sauce market, when its value increased by 0.2% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Soya Sauce Production in Puerto Rico

In value terms, soya sauce production contracted modestly to $X in 2021 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Puerto Rico production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Soya Sauce Exports

Exports by Country

China was the main exporting country with an export of around X tons, which reached 34% of total exports. The Netherlands (X tons) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Japan (8.6%), the United States (8.4%), Thailand (6.8%) and Taiwan (Chinese) (4.7%). Singapore (X tons), Hong Kong SAR (X tons), South Korea (X tons), Indonesia (X tons), Malaysia (X tons) and Vietnam (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soya sauce exports from China stood at +7.3%. At the same time, Thailand (+10.5%), Japan (+9.9%), the Netherlands (+6.4%), the United States (+6.2%), Indonesia (+4.0%), South Korea (+3.6%), Vietnam (+3.6%), Malaysia (+2.9%) and Singapore (+2.4%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +10.5% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-1.5%) illustrated a downward trend over the same period. China (+4.8 p.p.), Japan (+2.8 p.p.) and Thailand (+2.4 p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by -3.4% and -3.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest soya sauce supplying countries from Puerto Rico were China ($X), the Netherlands ($X) and the United States ($X), with a combined 52% share of total exports. These countries were followed by Japan, Thailand, Singapore, Hong Kong SAR, Taiwan (Chinese), Indonesia, Malaysia, South Korea and Vietnam, which together accounted for a further 36%.

Thailand, with a CAGR of +9.7%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Soya Sauce Imports

Imports by Country

In 2022, the United States (X tons), distantly followed by Canada (X tons), the Netherlands (X tons) and Germany (X tons) represented the main importers of soya sauce, together achieving 32% of total imports. Australia (X tons), France (X tons), the UK (X tons), Russia (X tons), Indonesia (X tons), Hong Kong SAR (X tons), Singapore (X tons), Spain (X tons) and South Korea (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to soya sauce imports into the United States stood at +4.3%. At the same time, Spain (+14.8%), Germany (+10.4%), South Korea (+9.0%), France (+7.8%), the Netherlands (+7.2%), Canada (+5.8%), Singapore (+4.5%), Indonesia (+2.9%), Australia (+1.4%) and the UK (+1.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the world, with a CAGR of +14.8% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-4.3%) illustrated a downward trend over the same period. While the share of Germany (+1.8 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the UK (-1.8 p.p.), Australia (-1.8 p.p.), Russia (-2.2 p.p.) and Hong Kong SAR (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 26% share of total imports. Germany, Canada, the UK, Australia, Spain, Russia, Hong Kong SAR, Indonesia, South Korea and Singapore lagged somewhat behind, together accounting for a further 35%.

Among the main importing countries, Spain, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya sauce in the world?

The countries with the highest volumes of consumption in 2021 were China, the United States and India, together comprising 25% of global consumption. These countries were followed by Japan, Russia, Brazil, Indonesia, Pakistan, Germany, the UK, Mexico, Bangladesh and Nigeria, which together accounted for a further 26%.

What are the largest producers of soya sauce in the world?

The country with the largest volume of soya sauce production was China, comprising approx. 24% of total volume. Moreover, soya sauce production in China exceeded the figures recorded by the second-largest producer, Japan, threefold. The third position in this ranking was held by India, with a 5.4% share.

What are the leading suppliers of soya sauce to Puerto Rico?

In value terms, the United States, France and the Netherlands appeared to be the countries with the highest levels of imports in 2022, together comprising 26% of total imports. Germany, Canada, the UK, Australia, Spain, Russia, Hong Kong SAR, Indonesia, South Korea and Singapore lagged somewhat behind, together accounting for a further 35%.

What are the leading importers of soya sauce from Puerto Rico?

In value terms, the largest soya sauce supplying countries from Puerto Rico were China, the Netherlands and the United States, with a combined 52% share of total exports. Japan, Thailand, Singapore, Hong Kong SAR, Taiwan Chinese), Indonesia, Malaysia, South Korea and Vietnam lagged somewhat behind, together comprising a further 36%.

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

Puerto Rico

Data coverage:

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