Finland - Soya Sauce - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSoya Sauce Price in Finland - 2023
Contents:
- Soya Sauce Price in Finland (CIF) - 2023
- Soya Sauce Price in Finland (FOB) - 2022
- Soya Sauce Imports in Finland
- Soya Sauce Exports in Finland
Soya Sauce Price in Finland (CIF) - 2023
The average soya sauce import price stood at $5,372 per ton in June 2023, falling by -3% against the previous month. In general, import price indicated measured growth from June 2022 to June 2023: its price increased at an average monthly rate of +2.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, soya sauce import price increased by +50.5% against February 2023 indices. The growth pace was the most rapid in May 2023 when the average import price increased by 40% month-to-month. As a result, import price reached the peak level of $5,539 per ton, and then shrank slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($6,925 per ton), while the price for the Philippines ($1,216 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Sauce Price in Finland (FOB) - 2022
The average soya sauce export price stood at $10,560 per ton in 2022, growing by 34% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47%. The export price peaked in 2022 and is likely to see steady growth in the near future.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($17,181 per ton), while the average price for exports to Russia ($3,248 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 Sweden (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Sauce Imports in Finland
In 2022, approx. 1.3K tons of soya sauce were imported into Finland; which is down by -9.6% against the year before. Over the period under review, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. As a result, imports attained the peak of 1.5K tons, and then shrank in the following year.
In value terms, soya sauce imports contracted modestly to $6.3M in 2022. The total import value increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of $6.7M, and then shrank modestly in the following year.
Import of Soya Sauce in Finland (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,841 | 2,559 | 3,181 | 2,920 | 16.6% |
Japan | 462 | 455 | 652 | 724 | 16.2% |
Sweden | 672 | 776 | 868 | 699 | 1.3% |
China | 168 | 275 | 399 | 565 | 49.8% |
Netherlands | 504 | 516 | 480 | 455 | -3.4% |
Denmark | 405 | 538 | 621 | 448 | 3.4% |
Thailand | 77.1 | 120 | 149 | 196 | 36.5% |
Others | 891 | 258 | 306 | 317 | -29.1% |
Total | 5,020 | 5,496 | 6,654 | 6,324 | 8.0% |
Top Suppliers of Soya Sauce to Finland in 2022:
- Germany (474.3 tons)
- Sweden (227.6 tons)
- China (135.6 tons)
- Japan (130.7 tons)
- Netherlands (123.2 tons)
- Denmark (120.8 tons)
- Thailand (79.5 tons)
Soya Sauce Exports in Finland
In 2022, overseas shipments of soya sauce decreased by -42.9% to 6.8 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports reached the peak of 13 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, soya sauce exports declined significantly to $72K in 2022. Overall, exports saw a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 10%. As a result, the exports attained the peak of $96K. From 2021 to 2022, the growth of the exports remained at a lower figure.
Export of Soya Sauce in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | 46.5 | 55.9 | 56.9 | 40.3 | -4.7% |
Estonia | 27.3 | 23.5 | 21.0 | 21.6 | -7.5% |
Sweden | 8.8 | 8.9 | 7.0 | 7.4 | -5.6% |
Russia | 4.6 | 7.7 | 6.4 | 2.0 | -24.2% |
Norway | N/A | N/A | 2.2 | 0.2 | -90.9% |
Others | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
Total | 87.3 | 96.0 | 93.7 | 71.7 | -6.4% |
Top Export Markets for Soya Sauce from Finland in 2022:
- France (4.1 tons)
- Estonia (1.6 tons)
- Russia (0.6 tons)
- Sweden (0.4 tons)
- Norway (0.1 tons)
This report provides an in-depth analysis of the soya sauce market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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...
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