The export of soya sauce from Malaysia to Australia showed significant fluctuations over the period from 2013 to 2023. In 2023, the volume of exported soya sauce stood at 1630 metric tons, which represents a 9.75% increase year-on-year compared to 2022. Reviewing the past five years, there has been a 3.31% CAGR, with a forecasted growth rate of 17.66% by 2028.
Notable trends include a sharp increase in 2017 (39.6%) and 2018 (30.64%), followed by declines in 2019 (-22.06%) and 2020 (-21.55%). However, 2021 and 2022 indicated recovery. Year-on-year variation for 2022 and 2023 stood at 12.99% and 9.75% respectively.
Future trends to watch for:
- Emergent dietary preferences and health trends in Australia.
- Trade policies and tariffs affecting import-export dynamics.
- Market competition and price changes influencing demand.
- Innovations in soya sauce production and packaging by Malaysian exporters.
