Argentina: Soya Sauce Market 2025

Soya Sauce Market Size in Argentina

The Argentinian soya sauce market rose significantly to $X in 2022, surging by 9.8% against the previous year. In general, the total consumption indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -8.6% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Soya Sauce Production in Argentina

In value terms, soya sauce production rose rapidly to $X in 2022 estimated in export price. Overall, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 58% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Soya Sauce Exports

Exports from Argentina

Soya sauce exports from Argentina shrank to X tons in 2022, with a decrease of -7.8% compared with 2021. In general, exports showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 with an increase of 932%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, soya sauce exports shrank significantly to $X in 2022. Overall, exports showed a slight setback. The growth pace was the most rapid in 2021 when exports increased by 1,960%. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Paraguay (X tons) was the main destination for soya sauce exports from Argentina, with a 69% share of total exports. Moreover, soya sauce exports to Paraguay exceeded the volume sent to the second major destination, Uruguay (X tons), fourfold. Chile (X tons) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay amounted to +25.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-6.2% per year) and Chile (+18.4% per year).

In value terms, Paraguay ($X) emerged as the key foreign market for soya sauce exports from Argentina, comprising 65% of total exports. The second position in the ranking was held by Uruguay ($X), with a 22% share of total exports. It was followed by Chile, with an 8.6% share.

From 2012 to 2022, the average annual growth rate of value to Paraguay totaled +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (-0.6% per year) and Chile (+15.6% per year).

Export Prices by Country

The average soya sauce export price stood at $X per ton in 2022, reducing by -43.1% against the previous year. Overall, the export price, however, recorded measured growth. The pace of growth appeared the most rapid in 2021 an increase of 100% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Uruguay ($X per ton) and Bolivia ($X per ton), while the average price for exports to Paraguay ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (+135.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Argentina

Soya sauce imports into Argentina totaled X tons in 2022, with an increase of 5.8% on 2021. Over the period under review, imports, however, continue to indicate a noticeable shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, soya sauce imports skyrocketed to $X in 2022. Overall, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2017 when imports increased by 52%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and Japan (X tons) were the main suppliers of soya sauce imports to Argentina, with a combined 97% share of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +3.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Brazil ($X), China ($X) and Japan ($X) were the largest soya sauce suppliers to Argentina, together accounting for 95% of total imports.

China, with a CAGR of +6.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, rising by 20% against the previous year. Overall, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :