Japan - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Japan - 2023
Contents:
- Soya Sauce Price in Japan (FOB) - 2023
- Soya Sauce Price in Japan (CIF) - 2023
- Soya Sauce Exports in Japan
- Soya Sauce Imports in Japan
Soya Sauce Price in Japan (FOB) - 2023
The average soya sauce export price stood at $1,606 per ton in July 2023, picking up by 13% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Australia ($2,772 per ton), while the average price for exports to Belgium ($1,088 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.5%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Price in Japan (CIF) - 2023
The average soya sauce import price stood at $1,068 per ton in July 2023, picking up by 8.9% against the previous month. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 20% against the previous month. As a result, import price attained the peak level of $1,146 per ton; afterwards, it flattened through to July 2023.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Thailand ($1,714 per ton), while the price for South Korea ($924 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Thailand (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Exports in Japan
In 2022, approx. 47K tons of soya sauce were exported from Japan; shrinking by -1.5% on 2021. The total export volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2021 when exports increased by 22%. As a result, the exports reached the peak of 48K tons, and then shrank modestly in the following year.
In value terms, soya sauce exports fell to $71M in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of $83M, and then dropped in the following year.
Export of Soya Sauce in Japan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 12.4 | 15.4 | 14.1 | 14.5 | 5.4% |
China | 7.3 | 7.0 | 7.6 | 6.8 | -2.3% |
Australia | 5.9 | 5.5 | 6.0 | 5.3 | -3.5% |
South Korea | 4.9 | 4.4 | 5.2 | 4.9 | 0.0% |
United Kingdom | 5.0 | 4.7 | 5.6 | 4.3 | -4.9% |
Hong Kong SAR | 3.5 | 3.6 | 3.9 | 3.3 | -1.9% |
Netherlands | 2.2 | 2.2 | 3.8 | 3.2 | 13.3% |
Germany | 2.8 | 3.2 | 4.4 | 2.8 | 0.0% |
France | 3.6 | 4.0 | 5.1 | 2.7 | -9.1% |
Belgium | 1.7 | 1.9 | 4.2 | 2.6 | 15.2% |
Thailand | 1.8 | 1.8 | 1.9 | 2.2 | 6.9% |
Israel | 1.0 | 1.4 | 1.8 | 1.6 | 17.0% |
Philippines | 1.7 | 1.1 | 1.0 | 1.6 | -2.0% |
Others | 16.6 | 14.1 | 18.9 | 15.6 | -2.0% |
Total | 70.5 | 70.4 | 83.3 | 71.5 | 0.5% |
Top Export Markets for Soya Sauce from Japan in 2022:
- United States (8.7K tons)
- China (4.5K tons)
- United Kingdom (3.6K tons)
- South Korea (3.1K tons)
- Thailand (2.6K tons)
- Belgium (2.4K tons)
- Australia (2.2K tons)
- Netherlands (2.0K tons)
- France (1.9K tons)
- Hong Kong SAR (1.8K tons)
- Germany (1.7K tons)
- Philippines (1.4K tons)
- Israel (1.2K tons)
Soya Sauce Imports in Japan
In 2022, the amount of soya sauce imported into Japan reached 3K tons, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of +7.6% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, soya sauce imports dropped modestly to $2.9M in 2022. The total import value increased at an average annual rate of +6.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports reached the peak of $3M, and then reduced modestly in the following year.
Import of Soya Sauce in Japan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,770 | 1,959 | 2,264 | 2,335 | 9.7% |
Philippines | 294 | 278 | 385 | 196 | -12.6% |
Thailand | 195 | 121 | 130 | 164 | -5.6% |
South Korea | 73.3 | 110 | 95.7 | 96.8 | 9.7% |
Others | 70.2 | 119 | 125 | 130 | 22.8% |
Total | 2,403 | 2,587 | 3,000 | 2,922 | 6.7% |
Top Suppliers of Soya Sauce to Japan in 2022:
- China (2516.4 tons)
- Philippines (175.3 tons)
- South Korea (103.5 tons)
- Thailand (95.5 tons)
This report provides an in-depth analysis of the soya sauce market in Japan. 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:
- Japan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Japan
- 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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The rate of expansion was highest in February 2023 with a 22% month-on-month increase in exports. However, the value of Soya Sauce exports decreased to $6.3M in July 2023.
In April 2023, the price of Prepared Mustard was $2,821 per ton (CIF, Japan), experiencing a decrease of -35.9% compared to the previous month.
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...