As of 2023, the value of soya sauce exported from Indonesia to the US stood at 1.85 million US dollars. The year-on-year variations indicate a generally upward trend over the years, with notable fluctuations such as a sharp increase of 29.85% in 2017 and a significant decline of 17.98% in 2016. The most recent data shows a moderate growth of 3.64% in 2023.
Over the past two years (2022 and 2023), the annual growth rates were 3.77% and 3.64%, respectively. The Compound Annual Growth Rate (CAGR) for the most recent five-year period leading up to 2023 was 6.38%, indicating a healthy, stable increase on average each year.
Forecasts project continued growth, with the value expected to reach 2.17 million US dollars by 2028. The forecasted five-year CAGR is 2.47%, resulting in an overall growth rate of 12.99% for the period from 2024 to 2028.
Future trends to watch for include potential impacts of economic shifts in both Indonesia and the US, changes in demand for soya sauce, and possible trade policy adjustments. Monitoring these factors can provide further insights into the robustness of this forecast growth.
