The export of soya sauce from New Zealand to Australia has seen a significant upward trend from 2013 to 2023. In 2023, the volume stood at 33 metric tons, marking a steady year-on-year increase of 6.45% from 2022. Between 2022 and 2023, consistent growth was observed. Over the last five years, the export volume illustrated a Compound Annual Growth Rate (CAGR) of 3.34%, reflecting an average year-on-year increase, driven by growing demand and market expansion.
Noteworthy trends include:
- Volatile growth rates from 2013 to 2017, with notable peaks and troughs.
- A renewed upward trend starting in 2018, displaying consistent growth.
- Substantial growth rates in 2020 due to international supply chain stabilization.
Looking ahead, the forecasted data from 2024 to 2028 indicate that the export volume will continue to rise, reaching 42 metric tons by 2028. The projected 5-year CAGR is 3.71%, suggesting a robust and steady expansion. Stakeholders should monitor:
- Potential shifts in consumer preferences
- Trade policy changes
- Economic factors impacting demand in Australia.
