HS Code:
The category of bean cake, bean stick, miso, and similar products (typically classified under HS Code 2103.90 or related codes depending on specific product definitions) includes fermented and non-fermented soy-based products widely used in Asian cuisines. These products, such as miso (fermented soybean paste), bean cakes (often tofu derivatives), and bean sticks (processed soy snacks), are staple ingredients in many dishes and are increasingly popular globally due to the rising demand for plant-based and health-focused foods. This category represents a niche but growing segment of the global food trade, driven by cultural cuisines and dietary trends.
Total Trade Volume
Approximately $1.2 billion USD
Data from 2022
Source
United Nations Comtrade Database and ITC Trade Map
$450 million USD
37.5% of total trade of total trade
Increasing
$300 million USD
25.0% of total trade of total trade
Increasing
$200 million USD
16.7% of total trade of total trade
Stable
$100 million USD
8.3% of total trade of total trade
Increasing
$50 million USD
4.2% of total trade of total trade
Stable
Average Rate
6.5% ad valorem
Highest Rate
15% (imposed by certain developing countries to protect local food industries)
Lowest Rate
0% (under free trade agreements like CPTPP and EU-Japan EPA for specific countries)
Rising demand for plant-based foods
Increased exports of miso and soy-based products to Western markets as consumers shift towards vegan and vegetarian diets.
2020-2022
Health and wellness focus
Growing popularity of fermented foods like miso due to perceived health benefits, driving market expansion in North America and Europe.
2021-2023
Sustainability concerns
Push for sustainable sourcing of soybeans is influencing production and trade, with buyers favoring certified organic products.
2022-2023
The EU-Japan EPA, fully implemented in 2019, has reduced tariffs on Japanese miso and soy products entering the EU, boosting trade volumes significantly.
Ongoing since 2019
Increased market access for Japanese exporters, with a reported 10% rise in exports to the EU in 2022.
Ongoing trade disputes have led to fluctuating tariffs on soy-based products, affecting Chinese exports of bean cakes and similar items to the US.
2018-2023
Diversification of supply chains, with US importers sourcing more from South Korea and Japan.
The growth of online retail platforms has facilitated direct-to-consumer sales of niche Asian food products like miso and bean sticks in Western markets.
2021-2023
Smaller producers gaining access to international markets, contributing to a 15% increase in online sales of these products.