MERCOSUR: Soya Sauce Market 2024

Soya Sauce Market Size in MERCOSUR

The MERCOSUR soya sauce market reached $X in 2022, remaining constant against the previous year. The total consumption indicated noticeable growth 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, consumption increased by X% against 2015 indices. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Soya Sauce Production in MERCOSUR

In value terms, soya sauce production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Soya Sauce Exports

Exports in MERCOSUR

Soya sauce exports rose significantly to X tons in 2022, surging by X% on the previous year. Over the period under review, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, soya sauce exports declined to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Peru represented the key exporter of soya sauce in MERCOSUR, with the volume of exports amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Brazil (X tons), achieving a X% share of total exports. Ecuador (X tons) followed a long way behind the leaders.

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

In value terms, the largest soya sauce supplying countries in MERCOSUR were Peru ($X), Brazil ($X) and Ecuador ($X), together comprising X% of total exports.

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of X%. The level of export peaked at $X per ton in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the export price figures.

Soya Sauce Imports

Imports in MERCOSUR

In 2022, the amount of soya sauce imported in MERCOSUR declined slightly to X tons, remaining constant against the year before. Overall, imports, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, soya sauce imports stood at $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Chile (X tons) and Peru (X tons) represented the major importers of soya sauce in 2022, reaching near X% and X% of total imports, respectively. It was distantly followed by Brazil (X tons) and Colombia (X tons), together committing a X% share of total imports. Argentina (X tons), Uruguay (X tons) and Ecuador (X tons) followed a long way behind the leaders.

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

In value terms, the largest soya sauce importing markets in MERCOSUR were Chile ($X), Peru ($X) and Brazil ($X), with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 MERCOSUR amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Ecuador ($X per ton), while Peru ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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