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United Kingdom - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

United Kingdom - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights

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Apr 28, 2023

UK Soya Sauce Prices Modest Increase to $2,103 per Ton

United Kingdom Soya Sauce Import Price in November 2022

In November 2022, the soya sauce price stood at $2,103 per ton (CIF, United Kingdom), rising by 4.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in August 2022 an increase of 27% month-to-month. As a result, import price reached the peak level of $2,334 per ton. From September 2022 to November 2022, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($3,512 per ton), while the price for Hong Kong ($1,383 per ton) was amongst the lowest.

From November 2021 to November 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYNov 2021Dec 2021Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022
Import Price of Soya Sauce in United Kingdom (USD per ton)
Netherlands2,4921,9583,3222,9433,0323,0352,9332,7183,0633,5492,5832,6413,512
Malaysia2,8522,5972,4422,3572,7852,6252,3743,0282,8082,8472,6482,8142,801
Poland1,2181,3162,1082,0802,3402,0432,3872,0921,9701,7392,1462,2062,203
Japan1,9081,6841,9121,6762,0281,5431,5211,3861,5091,6052,0981,5161,845
Thailand1,7631,6761,6951,3531,8221,9201,1351,7031,2811,5882,0001,8731,575
China1,6531,4911,7451,8511,5542,0461,9231,6081,4331,7371,5781,7451,475
Hong Kong1,5701,3971,6491,5331,6491,5021,5811,4701,6671,4441,6541,2541,383
Average1,9301,7712,2042,0182,1022,2302,0821,9641,8362,3342,1002,0122,103

United Kingdom Soya Sauce Imports

In November 2022, supplies from abroad of soya sauce increased by 44% to 2.6K tons, rising for the third consecutive month after two months of decline. Overall, total imports indicated a tangible increase from November 2021 to November 2022: its volume increased at an average monthly rate of +2.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, imports increased by +130.9% against August 2022 indices. The pace of growth was the most pronounced in September 2022 when imports increased by 59% m-o-m. Over the period under review, imports reached the maximum in November 2022.

In value terms, soya sauce imports surged to $5.4M (IndexBox estimates) in November 2022. In general, total imports indicated moderate growth from November 2021 to November 2022: its value increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2022 figures, imports increased by +108.0% against August 2022 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

United Kingdom Soya Sauce Imports by Country

China (756 tons), Japan (513 tons) and the Netherlands (470 tons) were the main suppliers of soya sauce imports to the UK, with a combined 68% share of total imports.

From November 2021 to November 2022, the biggest increases were in Japan (with a CAGR of +5.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($1.7M), China ($1.1M) and Japan ($946K) constituted the largest soya sauce suppliers to the UK, together comprising 69% of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +6.5%, saw 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 Market Intelligence Platform

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

  • United Kingdom

Data coverage:

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

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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