From 2013 to 2023, the import of soya sauce to Australia has shown fluctuations with an overall upward trend. Soya sauce imports stood at 19.355 million kilograms in 2023. Following a significant growth of 13.36% in 2016, there was a remarkable decline of 32.22% in 2017. However, since then, imports have leveled off with minor annual increases, indicating a stabilizing market with modest growth, reflected by the 2023 year-on-year increase of 0.43%. The compounded annual growth rate (CAGR) presents a better long-term picture with a 1.09% average increase over the last five years.
Future trends to watch for include how shifts towards healthier eating and sustainability impact soya sauce consumption and import volumes. Additionally, any trade policy changes or economic conditions may also influence import dynamics over the coming years. Marketers and importers should monitor these factors to adjust strategies accordingly.
