Estonia - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Estonia - 2023
Contents:
- Soya Sauce Price in Estonia (CIF) - 2022
- Soya Sauce Price in Estonia (FOB) - 2022
- Soya Sauce Imports in Estonia
- Soya Sauce Exports in Estonia
Soya Sauce Price in Estonia (CIF) - 2022
The average soya sauce import price stood at $3,080 per ton in 2022, which is down by -12.4% against the previous year. In general, the import price recorded a pronounced downturn. The growth pace was the most rapid in 2016 when the average import price increased by 15% against the previous year. The import price peaked at $4,050 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 Japan ($4,687 per ton), while the price for China ($2,047 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the prices for the other major suppliers experienced a decline.
Soya Sauce Price in Estonia (FOB) - 2022
In 2022, the average soya sauce export price amounted to $6,198 per ton, waning by -16.5% against the previous year. Overall, the export price continues to indicate a slight decline. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16%. The export price peaked at $7,523 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
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 Sweden ($8,867 per ton), while the average price for exports to Russia ($2,475 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 Finland (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Imports in Estonia
In 2022, supplies from abroad of soya sauce was finally on the rise to reach 362 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease.
In value terms, soya sauce imports reduced to $1.1M in 2022. In general, imports, however, saw a abrupt descent. The smallest decline of -2.4% was in 2021.
Import of Soya Sauce in Estonia (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 152 | 135 | 216 | 292 | 24.3% |
China | 261 | 177 | 168 | 157 | -15.6% |
Thailand | 96.2 | 81.6 | 116 | 99.1 | 1.0% |
Germany | 58.5 | 56.2 | 75.3 | 98.2 | 18.8% |
Sweden | 7.0 | 32.5 | 124 | 88.3 | 132.8% |
Netherlands | 99.2 | 107 | 154 | 84.5 | -5.2% |
Russia | 4.9 | 22.7 | 62.8 | 83.1 | 156.9% |
Latvia | 13.4 | 29.5 | 52.0 | 74.7 | 77.3% |
Finland | 27.7 | 27.9 | 36.6 | 47.7 | 19.9% |
United Kingdom | 23.1 | 39.5 | 34.2 | 30.2 | 9.3% |
Lithuania | 16.8 | 17.8 | 19.8 | 23.5 | 11.8% |
India | 10.2 | 8.2 | N/A | 10.1 | -0.3% |
United States | 538 | 369 | 21.6 | N/A | -80.0% |
Others | 106 | 104 | 100 | 27.4 | -36.3% |
Total | 1,413 | 1,208 | 1,179 | 1,116 | -7.6% |
Top Suppliers of Soya Sauce to Estonia in 2022:
- China (76.8 tons)
- Japan (62.3 tons)
- Russia (39.9 tons)
- Sweden (39.0 tons)
- Germany (28.0 tons)
- Thailand (25.4 tons)
- Latvia (25.3 tons)
- Netherlands (20.7 tons)
- Lithuania (10.6 tons)
- Finland (9.6 tons)
- India (7.9 tons)
- United Kingdom (7.9 tons)
Soya Sauce Exports in Estonia
After two years of decline, shipments abroad of soya sauce increased by 43% to 85 tons in 2022. The total export volume increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, soya sauce exports skyrocketed to $529K in 2022. The total export value increased at an average annual rate of +3.9% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Soya Sauce in Estonia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Lithuania | 224 | 242 | 170 | 206 | -2.8% |
Latvia | 174 | 196 | 237 | 201 | 4.9% |
Russia | 52.6 | 24.4 | 4.2 | 57.2 | 2.8% |
Finland | 8.2 | 8.7 | 7.5 | 56.8 | 90.6% |
Sweden | 9.7 | 14.8 | 20.1 | 4.8 | -20.9% |
Others | 2.1 | 1.6 | 2.2 | 2.7 | 8.7% |
Total | 471 | 487 | 442 | 529 | 3.9% |
Top Export Markets for Soya Sauce from Estonia in 2022:
- Latvia (27.8 tons)
- Lithuania (26.3 tons)
- Russia (23.1 tons)
- Finland (7.1 tons)
- Sweden (0.5 tons)
This report provides an in-depth analysis of the soya sauce market in Estonia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10841210 - Soya sauce
Country coverage:
- Estonia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Estonia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In value terms, sauces imports totaled $X in 2016. The total import value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern indicated some no...
In value terms, sauces exports stood at $X in 2016. Overall, it indicated a prominent growth from 2007 to 2016: the total exports value increased at an average annual rate of +X% over the last nin...
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