EU: Soya Sauce Market 2024

Soya Sauce Market Size in the EU

In 2022, the EU soya sauce market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption showed a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the immediate term.

Soya Sauce Production in the EU

In value terms, soya sauce production skyrocketed to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the peak level in 2022 and is expected to retain growth in years to come.

Soya Sauce Exports

Exports in the EU

In 2022, overseas shipments of soya sauce decreased by X% to X tons for the first time since 2015, thus ending a six-year rising trend. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021, and then shrank slightly in the following year.

In value terms, soya sauce exports shrank to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

The Netherlands prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Germany (X tons), achieving a X% share of total exports. Belgium (X tons), Austria (X tons), Poland (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Austria (X%), Poland (X%), Belgium (X%), Germany (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Austria and Poland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) remains the largest soya sauce supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Germany ($X), with a X% share of total exports. It was followed by Belgium, with a X% share.

In the Netherlands, soya sauce exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Germany (X% per year) and Belgium (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price showed a mild decline. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the 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 origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

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

Soya Sauce Imports

Imports in the EU

In 2022, approx. X tons of soya sauce were imported in the European Union; growing by X% on 2021 figures. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, soya sauce imports fell to $X in 2022. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X tons), the Netherlands (X tons) and France (X tons) was the major importer of soya sauce in the European Union, committing X% of total import. Spain (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Italy (X%), Belgium (X%), Sweden (X%) and Poland (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soya sauce importing markets in the European Union were France ($X), Germany ($X) and the Netherlands ($X), with a combined X% share of total imports. Spain, Italy, Sweden, Poland and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Poland, with a CAGR of X%, 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

In 2022, the import price in the European Union amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per ton), while Belgium ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :