Sweden: Soya Sauce Market 2025

Soya Sauce Market Size in Sweden

The Swedish soya sauce market surged to $X in 2022, jumping by 20% against the previous year. In general, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +103.2% against 2017 indices. Soya sauce consumption peaked in 2022 and is expected to retain growth in the immediate term.

Soya Sauce Production in Sweden

In value terms, soya sauce production declined slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Soya Sauce Exports

Exports from Sweden

In 2022, shipments abroad of soya sauce decreased by -31.6% to X tons, falling for the third year in a row after eight years of growth. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 106% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, soya sauce exports shrank rapidly to $X in 2022. In general, exports, however, enjoyed a strong expansion. The growth pace was the most rapid in 2014 with an increase of 54%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted notably in the following year.

Exports by Country

Finland (X tons), Denmark (X tons) and Norway (X tons) were the main destinations of soya sauce exports from Sweden, with a combined 89% share of total exports. Estonia, Spain and Iceland lagged somewhat behind, together comprising a further 10%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +48.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) remains the key foreign market for soya sauce exports from Sweden, comprising 44% of total exports. The second position in the ranking was taken by Denmark ($X), with a 22% share of total exports. It was followed by Norway, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to Finland amounted to +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+18.5% per year) and Norway (+7.8% per year).

Export Prices by Country

The average soya sauce export price stood at $X per ton in 2022, increasing by 24% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Denmark ($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 Spain (+14.9%), while the prices for the other major destinations experienced mixed trend patterns.

Soya Sauce Imports

Imports into Sweden

In 2022, soya sauce imports into Sweden surged to X tons, jumping by 20% on the previous year's figure. In general, total imports indicated a prominent expansion from 2012 to 2022: its volume increased at an average annual rate of +7.0% 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 +55.4% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 26% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, soya sauce imports expanded remarkably to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +77.2% against 2015 indices. The pace of growth appeared the most rapid in 2013 with an increase of 25% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of soya sauce imports to Sweden, with a combined 77% share of total imports. Thailand, Japan, Brazil and the United States lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of +23.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest soya sauce suppliers to Sweden were Germany ($X), China ($X) and the Netherlands ($X), together accounting for 78% of total imports. Thailand, Japan, Brazil and the United States lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Brazil, with a CAGR of +23.5%, saw 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, with a decrease of -9.5% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 12%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and the Netherlands ($X per ton), while the price for Japan ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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