Lithuania: Soya Sauce Market 2025

Soya Sauce Market Size in Lithuania

After two years of growth, the Lithuanian soya sauce market decreased by -10.4% to $X in 2022. In general, consumption enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then declined in the following year.

Soya Sauce Production in Lithuania

In value terms, soya sauce production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decline. The growth pace was the most rapid in 2021 when the production volume increased by 7.4% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Soya Sauce Exports

Exports from Lithuania

In 2022, shipments abroad of soya sauce was finally on the rise to reach X tons after three years of decline. In general, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, soya sauce exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X tons) was the main destination for soya sauce exports from Lithuania, accounting for a 61% share of total exports. Moreover, soya sauce exports to Belarus exceeded the volume sent to the second major destination, Estonia (X tons), threefold. The third position in this ranking was taken by Latvia (X tons), with a 7.9% share.

From 2012 to 2022, the average annual growth rate of volume to Belarus totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+12.8% per year) and Latvia (+0.7% per year).

In value terms, Belarus ($X) emerged as the key foreign market for soya sauce exports from Lithuania, comprising 74% of total exports. The second position in the ranking was held by Estonia ($X), with a 16% share of total exports. It was followed by Latvia, with a 5.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+7.4% per year) and Latvia (-6.4% per year).

Export Prices by Country

In 2022, the average soya sauce export price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced curtailment. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to the Czech Republic ($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 the Czech Republic (+5.4%), while the prices for the other major destinations experienced a decline.

Soya Sauce Imports

Imports into Lithuania

In 2022, the amount of soya sauce imported into Lithuania rose sharply to X tons, picking up by 14% on the year before. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, soya sauce imports fell to $X in 2022. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of 113%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

Latvia (X tons), China (X tons) and the Czech Republic (X tons) were the main suppliers of soya sauce imports to Lithuania, with a combined 75% share of total imports. The UK, Poland, Germany, South Korea and the Netherlands lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +105.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X) constituted the largest supplier of soya sauce to Lithuania, comprising 40% of total imports. The second position in the ranking was taken by Poland ($X), with a 17% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Latvia stood at +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+42.1% per year) and China (+13.1% per year).

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, shrinking by -18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2021 an increase of 54% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform