Eastern Asia: Soya Sauce Market 2025

Soya Sauce Market Size in Eastern Asia

The East Asian soya sauce market rose markedly to $X in 2022, growing by 5.8% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -16.7% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Soya Sauce Production in Eastern Asia

In value terms, soya sauce production rose to $X in 2022 estimated in export price. The total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.6% 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 -3.1% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Soya Sauce Exports

Exports in Eastern Asia

In 2022, approx. X tons of soya sauce were exported in Eastern Asia; flattening at 2021. Total exports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +14.8% against 2020 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 18% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, soya sauce exports dropped modestly to $X in 2022. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, China (X tons) represented the key exporter of soya sauce, mixing up 63% of total exports. Japan (X tons) held the second position in the ranking, followed by Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and South Korea (X tons). All these countries together took near 37% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to soya sauce exports from China stood at +6.3%. At the same time, Japan (+9.1%) and South Korea (+3.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +9.1% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-2.5%) illustrated a downward trend over the same period. China (+8.2 p.p.) and Japan (+5.3 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and Hong Kong SAR saw its share reduced by -5.6% and -7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest soya sauce supplier in Eastern Asia, comprising 55% of total exports. The second position in the ranking was held by Japan ($X), with a 21% share of total exports. It was followed by Taiwan (Chinese), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value in China stood at +6.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+4.5% per year) and Taiwan (Chinese) (+2.0% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, waning by -2.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 9.9% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 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 Hong Kong SAR ($X per ton), while China ($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) (+2.0%), while the other leaders experienced more modest paces of growth.

Soya Sauce Imports

Imports in Eastern Asia

In 2022, soya sauce imports in Eastern Asia declined to X tons, with a decrease of -2.7% compared with the year before. The total import volume increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 9.2%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, soya sauce imports reduced to $X in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 15%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR (X tons), South Korea (X tons) and China (X tons) represented roughly 79% of total imports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), Japan (X tons) and Macao SAR (X tons), together committing a 21% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +10.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soya sauce importing markets in Eastern Asia were Hong Kong SAR ($X), China ($X) and South Korea ($X), together accounting for 78% of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +10.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, declining by -3% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 8.1% against the previous year. The level of import peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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