Ukraine: Soya Sauce Market 2024

Soya Sauce Market Size in Ukraine

The Ukrainian soya sauce market declined slightly to $X in 2022, dropping by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Soya Sauce Production in Ukraine

In value terms, soya sauce production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Soya sauce production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Soya Sauce Exports

Exports from Ukraine

In 2022, after ten years of growth, there was significant decline in overseas shipments of soya sauce, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced rapidly in the following year.

In value terms, soya sauce exports declined markedly to $X in 2022. In general, exports, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for soya sauce exports from Ukraine, accounting for a X% share of total exports. Moreover, soya sauce exports to the Czech Republic exceeded the volume sent to the second major destination, Moldova (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

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

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

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (X% per year) and Germany (X% per year).

Export Prices by Country

The average soya sauce export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Moldova ($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 Israel (X%), while the prices for the other major destinations experienced a decline.

Soya Sauce Imports

Imports into Ukraine

In 2022, after four years of growth, there was significant decline in overseas purchases of soya sauce, when their volume decreased by X% to X tons. Over the period under review, imports saw a pronounced reduction. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, soya sauce imports reduced remarkably to $X in 2022. Overall, imports showed a mild setback. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of soya sauce to Ukraine, with a X% share of total imports. Moreover, soya sauce imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was taken by Japan (X tons), with an X% share.

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

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

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

Import Prices by Country

In 2022, the average soya sauce import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average import price increased by X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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