Report Update: Feb 1, 2025

World - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights

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Soya sauce market

Soya sauce market: enjoy the latest info powered by an Ai-driven market research tool. Info contain imports, companies, market prices, trade, market size, production, consumption, and exports. There is a split by country, including EU, Africa, the U.K., the Middle East, the U.S., Latin America, Russia, and China. Market dynamics and forecast to 2030 are also featured in the snapshots.

Soya Sauce - World's Largest Markets

Rating	Country
1	China
2	India
3	Indonesia
4	Japan
5	Philippines

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Indonesia.

In China, the soya sauce market expanded at an average annual rate of +6.2% over the period from 2018-2020. The remaining consuming countries recorded the following average annual rates of market growth: India (+14.7% per year) and Indonesia (+3.3% per year).

Soya Sauce Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Vietnam	922	716	696	-13.1%
Philippines	1004	917	940	-3.2%
China	898	929	956	3.2%
South Korea	1058	1016	1047	-0.5%
Taiwan (Chinese)	1021	1008	1124	4.9%
Thailand	1387	1450	1389	0.1%
Indonesia	1384	1415	1468	3.0%
Malaysia	1459	1427	1531	2.4%
Hong Kong SAR	1408	1459	1574	5.7%
United States	1643	1685	1698	1.7%
Japan	1712	1647	1791	2.3%
Singapore	1920	1879	2049	3.3%
Netherlands	2239	2171	2339	2.2%
Average	1399	1392	1490	3.2%

Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($2,339 per ton), while Vietnam ($696 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Hong Kong SAR, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
France	1806	1731	2726	22.9%
Germany	2048	1964	2188	3.4%
Australia	1968	1912	2025	1.4%
Netherlands	1614	1595	1794	5.4%
China	1552	1578	1753	6.3%
Canada	1640	1468	1595	-1.4%
United Kingdom	1676	1619	1584	-2.8%
United States	1344	1368	1426	3.0%
Hong Kong SAR	1321	1326	1375	2.0%
Singapore	1128	1124	1288	6.9%
Thailand	1397	1351	1235	-6.0%
Russia	1049	1035	1219	7.8%
Indonesia	930	952	990	3.2%
Average	1512	1499	1663	4.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was France ($2,726 per ton), while Indonesia ($990 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by France, while the other global leaders experienced more modest paces of growth.

Soya Sauce - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
United States	112	103	108	-1.7%
France	38	35	47	11.1%
Germany	37	38	46	11.7%
Canada	38	37	43	7.1%
United Kingdom	33	37	42	12.2%

In value terms, the United States ($108M) constitutes the largest market for imported soya sauce worldwide, comprising 14% of global imports. The second position in the ranking was occupied by France ($47M), with a 6% share of global imports. It was followed by Germany, with a 5.8% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -1.7%. The remaining importing countries recorded the following average annual rates of imports growth: France (+11.1% per year) and Germany (+11.7% per year).

Soya Sauce - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	million USD			CAGR, 2018-2020
Netherlands	118	120	154	14.1%
China	138	148	151	4.5%
Japan	70	70	70	0.3%
United States	56	58	57	1.3%
Singapore	48	51	46	-1.4%

In value terms, the largest soya sauce supplying countries worldwide were the Netherlands ($154M), China ($151M) and Japan ($70M), together comprising 51% of global exports. The United States, Singapore, Thailand, Taiwan (Chinese), Hong Kong SAR, Indonesia, Malaysia, South Korea, Vietnam and the Philippines lagged somewhat behind, together comprising a further 37%.

Among the main exporting countries, Malaysia recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Soya Sauce - Market Forecast

Driven by increasing demand for soya sauce worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Soya Sauce - Product Coverage

HS 210310 - Sauces; soya

Source: IndexBox Market Intelligence Platform

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

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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. CONSUMPTION BY COUNTRY
3. 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. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Imports, In Physical Terms, By Country, 2012–2024
7. Imports, In Value Terms, By Country, 2012–2024
8. Import Prices, By Country Of Destination, 2012–2024
9. Exports, In Physical Terms, By Country, 2012–2024
10. Exports, In Value Terms, By Country, 2012–2024
11. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2024
18. Production, In Value Terms, 2012–2024
19. Production, By Country, 2024
20. Production, In Physical Terms, By Country, 2012–2024
21. Imports, In Physical Terms, 2012–2024
22. Imports, In Value Terms, 2012–2024
23. Imports, In Physical Terms, By Country, 2024
24. Imports, In Physical Terms, By Country, 2012–2024
25. Imports, In Value Terms, By Country, 2012–2024
26. Import Prices, By Country, 2012–2024
27. Exports, In Physical Terms, 2012–2024
28. Exports, In Value Terms, 2012–2024
29. Exports, In Physical Terms, By Country, 2024
30. Exports, In Physical Terms, By Country, 2012–2024
31. Exports, In Value Terms, By Country, 2012–2024
32. Export Prices, 2012–2024