Australia and Oceania: Soya Sauce Market 2025

Soya Sauce Market Size in Australia and Oceania

The soya sauce market in Australia and Oceania rose markedly to $X in 2022, growing by 6.9% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the market value increased by 9.7% against the previous year. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Soya Sauce Production in Australia and Oceania

In value terms, soya sauce production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when the production volume increased by 774% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Soya Sauce Exports

Exports in Australia and Oceania

In 2022, approx. X tons of soya sauce were exported in Australia and Oceania; increasing by 50% on 2021. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2013 when exports increased by 103% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, soya sauce exports surged to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2019 with an increase of 144%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Australia (X tons) was the key exporter of soya sauce, making up 47% of total exports. It was distantly followed by New Zealand (X tons) and Fiji (X tons), together generating a 47% share of total exports. Samoa (X tons), Guam (X tons) and Marshall Islands (X tons) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Samoa (with a CAGR of +42.6%), while the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), New Zealand ($X) and Fiji ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 97% share of total exports. Guam, Samoa and Marshall Islands lagged somewhat behind, together comprising a further 3.1%.

Among the main exporting countries, Samoa, with a CAGR of +33.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, flattening at the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 26%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was New Zealand ($X per ton), while Marshall Islands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+3.8%), while the other leaders experienced more modest paces of growth.

Soya Sauce Imports

Imports in Australia and Oceania

In 2022, imports of soya sauce in Australia and Oceania expanded rapidly to X tons, growing by 5.1% compared with 2021 figures. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 11% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, soya sauce imports expanded notably to $X in 2022. Total imports indicated a moderate increase 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, imports increased by +64.6% against 2013 indices. The most prominent rate of growth was recorded in 2017 with an increase of 10%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Australia represented the main importer of soya sauce in Australia and Oceania, with the volume of imports reaching X tons, which was near 68% of total imports in 2022. It was distantly followed by New Zealand (X tons), committing a 12% share of total imports. Fiji (X tons), Papua New Guinea (X tons), French Polynesia (X tons), Samoa (X tons) and Kiribati (X tons) took a minor share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of soya sauce. At the same time, Kiribati (+21.3%), Samoa (+10.7%), Papua New Guinea (+3.3%), Fiji (+3.1%), New Zealand (+2.3%) and French Polynesia (+1.4%) displayed positive paces of growth. Moreover, Kiribati emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +21.3% from 2012-2022. While the share of Australia (-4.9 p.p.) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported soya sauce in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was held by New Zealand ($X), with a 16% share of total imports. It was followed by French Polynesia, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value in Australia totaled +4.7%. The remaining importing countries recorded the following average annual rates of imports growth: New Zealand (+6.8% per year) and French Polynesia (+3.8% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, surging by 4.8% against the previous year. Import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, soya sauce import price increased by +52.1% against 2016 indices. The pace of growth was the most pronounced in 2018 an increase of 33%. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Samoa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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