Luxembourg: Soya Sauce Market 2025

Soya Sauce Market Size in Luxembourg

After five years of growth, the Luxembourg soya sauce market decreased by -9.4% to $X in 2022. Overall, the total consumption indicated a notable expansion 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. Soya sauce consumption peaked at $X in 2021, and then fell in the following year.

Soya Sauce Production in Luxembourg

In value terms, soya sauce production skyrocketed to $X in 2022 estimated in export price. Overall, production enjoyed a modest expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 139% against the previous year. Soya sauce production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Soya Sauce Exports

Exports from Luxembourg

Soya sauce exports from Luxembourg soared to X tons in 2022, picking up by 79% against the year before. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2015 when exports increased by 159%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, soya sauce exports soared to $X in 2022. Overall, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of 86% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons), Azerbaijan (X tons) and France (X tons) were the main destinations of soya sauce exports from Luxembourg, together accounting for 94% 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 France (with a CAGR of +30.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soya sauce exported from Luxembourg were Belgium ($X), France ($X) and Azerbaijan ($X), with a combined 92% share of total exports.

In terms of the main countries of destination, France, with a CAGR of +34.7%, saw the highest rates of growth with regard to 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

The average soya sauce export price stood at $X per ton in 2022, reducing by -8.4% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Azerbaijan ($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 France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Luxembourg

Soya sauce imports into Luxembourg declined modestly to X tons in 2022, reducing by -2.6% on 2021. Over the period under review, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 30% against the previous year. Imports peaked at X tons in 2021, and then shrank modestly in the following year.

In value terms, soya sauce imports dropped to $X in 2022. Overall, imports, however, posted a prominent increase. The growth pace was the most rapid in 2018 with an increase of 21% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

Belgium (X tons), Japan (X tons) and the Netherlands (X tons) were the main suppliers of soya sauce imports to Luxembourg, together comprising 64% of total imports. France, China and Germany lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +23.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and France ($X) appeared to be the largest soya sauce suppliers to Luxembourg, together comprising 62% of total imports. Japan, Germany and China lagged somewhat behind, together accounting for a further 33%.

Among the main suppliers, Germany, with a CAGR of +23.5%, 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

The average soya sauce import price stood at $X per ton in 2022, shrinking by -9% against the previous year. Overall, the import price saw a noticeable setback. The growth pace was the most rapid in 2020 an increase of 20% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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