Denmark: Soya Sauce Market 2025

Soya Sauce Market Size in Denmark

The Danish soya sauce market surged to $X in 2022, increasing by 86% against the previous year. In general, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Soya Sauce Production in Denmark

In value terms, soya sauce production soared to $X in 2022 estimated in export price. Overall, production, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by 27% against the previous year. Soya sauce production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Soya Sauce Exports

Exports from Denmark

In 2022, overseas shipments of soya sauce decreased by -63.8% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports continue to indicate a perceptible curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 46%. The exports peaked at X tons in 2021, and then contracted dramatically in the following year.

In value terms, soya sauce exports declined significantly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 47% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined notably in the following year.

Exports by Country

Greenland (X tons), Norway (X tons) and the UK (X tons) were the main destinations of soya sauce exports from Denmark, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +44.7%), while the other leaders experienced more modest paces of growth.

In value terms, Greenland ($X) emerged as the key foreign market for soya sauce exports from Denmark, comprising 49% of total exports. The second position in the ranking was held by Norway ($X), with an 11% share of total exports. It was followed by Sweden, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Greenland totaled +14.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+8.9% per year) and Sweden (+30.7% per year).

Export Prices by Country

In 2022, the average soya sauce export price amounted to $X per ton, picking up by 7.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2020 when the average export price increased by 11% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($X per ton), while the average price for exports to the UK ($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 Faroe Islands (+2.1%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Denmark

In 2022, imports of soya sauce into Denmark soared to X tons, rising by 17% on 2021 figures. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.7% 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 +61.8% against 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 49% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, soya sauce imports surged to $X in 2022. In general, imports posted a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of 50% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), China (X tons) and Sweden (X tons) were the main suppliers of soya sauce imports to Denmark, together accounting for 60% of total imports. The Netherlands, Japan, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +273.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of soya sauce to Denmark, comprising 60% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by China, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to +12.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.9% per year) and China (+7.7% per year).

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, growing by 25% against the previous year. Overall, import price indicated a temperate increase 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 +74.8% against 2016 indices. As a result, import price attained 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 Germany ($X per ton), while the price for Hong Kong SAR ($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 (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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