Market research

Soya sauce market in Hong Kong

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

The Hong Kong soya sauce market volume showed considerable volatility from 2018 to 2023. After remaining around 9 500 metric tons in 2018 and 2019, it rose to 10 835 metric tons in 2020 before falling sharply to 6 063 metric tons in 2021. A recovery followed, with the market reaching 8 954 metric tons by 2023, reflecting a period of instability in overall consumption.

In 2024, significant moves by major industry players highlighted ongoing corporate influence. Foshan Haitian, China's largest soy sauce producer, filed for a major listing in Hong Kong aiming to raise over US$1 billion, a move poised to impact capital flows and market structure. Concurrently, Lee Kum Kee's global premium product campaigns underscored the strategic activities of key companies with a strong presence in Hong Kong.

Underlying consumer trends toward healthy eating, plant-based diets, and the popularity of Asian cuisine provided steady background support for soy sauce demand in Hong Kong throughout the period, aligning with the broader Asia Pacific region's dominance in consumption.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
  2. 4.1.2. In value
    1. 4.1.2.1. Production, 2018-2023
    2. 4.1.2.2. Imports, 2018-2024
    3. 4.1.2.3. Exports, 2018-2024
    4. 4.1.2.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Hong Kong
  1. 5.1.1. Annual dynamics of production in Hong Kong in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Hong Kong in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Hong Kong in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Hong Kong by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Hong Kong in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Hong Kong by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Hong Kong, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Hong Kong by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Hong Kong in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Hong Kong by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Hong Kong in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Hong Kong by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Hong Kong, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Hong Kong by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production soya sauce in Hong Kong

In kind, 2017-2020, t

Hong Kong ranked 11th globally in soya sauce production from 2017 to 2020.

Top producers of soya sauce, 2017-2020

Source: SHEV.io

World map of production of soya sauce, 2017-2020

Source: SHEV.io

In 2020, Hong Kong produced 9,169 tonnes of soya sauce, representing a significant year-over-year decline of 10.2%. Over the 2017-2020 period, production fell by 8.2%, with a compound annual growth rate (CAGR) of -2.8%. Production peaked in 2019 at 10,213 tonnes, which also saw the largest annual increase of 6.9%.

Annual dynamics of production in Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.3%)	6.9%	(10.2%)	(2.8%)

Source: SHEV.io

In value, 2017-2020, K $ US

In 2020, the value of soya sauce output in Hong Kong was $14,404,000 USD, showing a moderate 3.5% decrease compared to 2019. From 2017 to 2020, production value rose by 3.6%, equivalent to an annualized rate of 1.2%. The lowest value was recorded in 2018 at $13,468,000 USD, while the highest was in 2019 at $14,922,000 USD, which also experienced the largest annual increase of 10.8%.

Annual dynamics of production in Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.1%)	10.8%	(3.5%)	1.2%

Source: SHEV.io

Exports soya sauce from Hong Kong

Exports in kind, t

Soya sauce exports from Hong Kong declined for the third consecutive year. In 2020, Hong Kong exported 18,834 tonnes, marking a sharp reduction of 17.1% compared to 2019. Over the 2017-2020 period, exports decreased by 25.6%, with a CAGR of -9.4%.

Annual dynamics of product's exports from Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(5.6%)	(5.0%)	(17.1%)	(9.4%)

Source: SHEV.io

From 2017 to 2020, the United States, the United Kingdom, and Macao were the three main markets, collectively absorbing 68.7% of Hong Kong's total soya sauce exports by volume.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Hong Kong in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Soya sauce exports from Hong Kong declined for the third consecutive year. In 2020, Hong Kong exported $29,588,000 USD worth of soya sauce, indicating a substantial 10.8% drop compared to 2019. Between 2017 and 2020, export value fell by 16%, equating to an annualized rate of -5.7%.

Annual dynamics of product's exports from Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(4.5%)	(1.5%)	(10.8%)	(5.7%)

Source: SHEV.io

From 2017 to 2020, the United States, Macao, and the United Kingdom were the three principal markets, together accounting for 70.7% of Hong Kong's total soya sauce export value.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Hong Kong in value, 2017-2020

Source: SHEV.io

Imports soya sauce to Hong Kong

Imports in kind, t

Hong Kong's soya sauce import volume declined for the third consecutive year. In 2020, Hong Kong imported 20,501 tonnes, reflecting a modest 6.8% decrease from the previous year. Over the 2017-2020 period, imports fell by 15%, with a CAGR of -5.3%.

Annual dynamics of product's imports to Hong Kong in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.0%)	(7.8%)	(6.8%)	(5.3%)

Source: SHEV.io

From 2017 to 2020, imports of soya sauce to Hong Kong were heavily concentrated on China, which accounted for 78.8% of total volume, with other countries making up the remaining share.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Hong Kong in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Hong Kong's soya sauce import value declined for the third consecutive year. In 2020, Hong Kong imported $28,237,000 USD worth of soya sauce, showing a gradual 3.2% decrease from the previous year. Between 2017 and 2020, import value dropped by 12.3%, equating to an annualized rate of -4.3%.

Annual dynamics of product's imports to Hong Kong in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(2.0%)	(7.5%)	(3.2%)	(4.3%)

Source: SHEV.io

From 2017 to 2020, China and Japan dominated soya sauce imports to Hong Kong in value terms, jointly accounting for 85.0% of total flows, while other countries held much smaller shares.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Hong Kong in value, 2017-2020

Source: SHEV.io