Malaysia: Soya Sauce Market 2025

Soya Sauce Market Size in Malaysia

The Malaysian soya sauce market stood at $X in 2022, surging by 4% against the previous year. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.4% 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 -4.1% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Soya Sauce Production in Malaysia

In value terms, soya sauce production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a temperate 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 -1.6% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 49% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Soya Sauce Exports

Exports from Malaysia

Soya sauce exports from Malaysia reduced slightly to X tons in 2022, which is down by -2.3% compared with the year before. Overall, total exports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -8.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 62% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, soya sauce exports reduced modestly to $X in 2022. Over the period under review, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +63.2% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of 58%. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Singapore (X tons) was the main destination for soya sauce exports from Malaysia, with a 38% share of total exports. Moreover, soya sauce exports to Singapore exceeded the volume sent to the second major destination, the Philippines (X tons), threefold. The UK (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Singapore amounted to +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+20.6% per year) and the UK (-0.2% per year).

In value terms, Singapore ($X), the UK ($X) and the Philippines ($X) constituted the largest markets for soya sauce exported from Malaysia worldwide, together accounting for 57% of total exports.

Among the main countries of destination, the Philippines, with a CAGR of +24.4%, recorded 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, remaining relatively unchanged against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the average export price increased by 13% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Singapore ($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 Indonesia (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Sauce Imports

Imports into Malaysia

In 2022, approx. X tons of soya sauce were imported into Malaysia; increasing by 3.9% on the previous year. Overall, imports showed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, soya sauce imports rose modestly to $X in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -2.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 25% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest soya sauce supplier to Malaysia, with a 61% share of total imports. Moreover, soya sauce imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), eightfold. Japan (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+8.1% per year) and Japan (+21.4% per year).

In value terms, China ($X) constituted the largest supplier of soya sauce to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by Singapore ($X), with a 17% share of total imports. It was followed by Indonesia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-6.8% per year) and Indonesia (+10.1% per year).

Import Prices by Country

The average soya sauce import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Overall, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in 2016 an increase of 2.4% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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 Singapore ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :