Malaysia - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Malaysia - 2021
Contents:
- Soya Sauce Price in Malaysia (FOB) - 2021
- Soya Sauce Price in Malaysia (CIF) - 2021
- Soya Sauce Exports in Malaysia
- Soya Sauce Imports in Malaysia
Soya Sauce Price in Malaysia (FOB) - 2021
The average soya sauce export price stood at $1,396 per ton in December 2021, with a decrease of -6.2% against the previous month. Over the period under review, the export price continues to indicate a slight contraction. The most prominent rate of growth was recorded in October 2021 an increase of 8.7% m-o-m. The export price peaked at $1,714 per ton in February 2021; however, from March 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In December 2021, the country with the highest price was Australia ($2,781 per ton), while the average price for exports to Vietnam ($996 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+4.9%), while the prices for the other major destinations experienced mixed trend patterns.
Soya Sauce Price in Malaysia (CIF) - 2021
In December 2021, the average soya sauce import price amounted to $1,145 per ton, reducing by -1.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2021 when the average import price increased by 16% against the previous month. The import price peaked at $1,386 per ton in June 2021; however, from July 2021 to December 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Singapore ($2,748 per ton), while the price for Vietnam ($581 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Exports in Malaysia
In 2022, the amount of soya sauce exported from Malaysia declined to 13K tons, which is down by -2.3% on the previous year. In general, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by 5.1% against the previous year.
In value terms, soya sauce exports declined modestly to $20M in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 7.8%. As a result, the exports reached the peak of $21M, and then fell slightly in the following year.
Export of Soya Sauce in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Singapore | 5.8 | 6.4 | 6.5 | 5.6 | -1.2% |
United Kingdom | 5.9 | 5.5 | 5.0 | 3.9 | -12.9% |
Philippines | 1.2 | 0.9 | 2.0 | 2.2 | 22.4% |
Brunei Darussalam | 1.2 | 1.3 | 1.5 | 1.8 | 14.5% |
Australia | 2.0 | 1.7 | 1.4 | 1.3 | -13.4% |
Vietnam | 1.0 | 0.8 | 1.0 | 1.1 | 3.2% |
Taiwan (Chinese) | 0.4 | 0.6 | 0.9 | 1.0 | 35.7% |
Indonesia | 0.8 | 0.5 | 0.4 | 0.6 | -9.1% |
Others | 2.4 | 2.1 | 2.7 | 3.0 | 7.7% |
Total | 20.7 | 19.7 | 21.3 | 20.5 | -0.3% |
Top Export Markets for Soya Sauce from Malaysia in 2022:
- Singapore (5.0K tons)
- Philippines (1.8K tons)
- United Kingdom (1.5K tons)
- Brunei Darussalam (1.3K tons)
- Vietnam (0.9K tons)
- Taiwan (Chinese) (0.6K tons)
- Australia (0.5K tons)
- Indonesia (0.4K tons)
Soya Sauce Imports in Malaysia
In 2022, the amount of soya sauce imported into Malaysia totaled 8K tons, increasing by 3.9% against the previous year. The total import volume increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 8.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, soya sauce imports rose to $9.9M in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 10% against the previous year. As a result, imports reached the peak of $10M. From 2021 to 2022, the growth of imports remained at a lower figure.
Import of Soya Sauce in Malaysia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3.5 | 4.9 | 4.4 | 4.5 | 8.7% |
Singapore | 1.7 | 1.5 | 1.6 | 1.7 | 0.0% |
Indonesia | 1.4 | 1.5 | 1.0 | 1.1 | -7.7% |
Thailand | 1.0 | 1.0 | 1.2 | 1.0 | 0.0% |
Japan | 0.9 | 0.5 | 0.6 | 0.7 | -8.0% |
Taiwan (Chinese) | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
Vietnam | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
Total | 9.2 | 10.2 | 9.6 | 9.9 | 2.5% |
Top Suppliers of Soya Sauce to Malaysia in 2022:
- China (4.9K tons)
- Singapore (0.6K tons)
- Indonesia (0.6K tons)
- Japan (0.6K tons)
- Thailand (0.5K tons)
- Taiwan (Chinese) (0.3K tons)
- Vietnam (0.2K tons)
This report provides an in-depth analysis of the soya sauce market in Malaysia. 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:
- Malaysia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Malaysia
- 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...
Explore the top import markets for sauce and seasoning, backed by key statistics and data from the IndexBox market intelligence platform.
Discover the top import markets for tomato ketchup and learn about the leading importers, including the United Kingdom, Germany, France, Canada, and the United States. Explore key statistics and insights in this article.
Explore the top import markets for mixed condiments, sauces, and seasonings, including the United States, United Kingdom, Canada, France, Germany, Netherlands, Hong Kong SAR, Australia, Russia, and Mexico. Get key statistics and insights on these markets. Leverage the IndexBox market intelligence platform for accurate and up-to-date market information.