Price for Flours and Meals; of Soya Beans in China - 2023
Contents:
- Price for Flours and Meals; of Soya Beans in China (FOB) - 2023
- Price for Flours and Meals; of Soya Beans in China (CIF) - 2022
- Exports of Flours and Meals; of Soya Beans in China
- Imports of Flours and Meals; of Soya Beans in China
Price for Flours and Meals; of Soya Beans in China (FOB) - 2023
In September 2023, the average export price for flours and meals; of soya beanses amounted to $1,543 per ton, picking up by 7.4% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in May 2023 when the average export price increased by 40% month-to-month. As a result, the export price attained the peak level of $1,583 per ton. From June 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($2,750 per ton), while the average price for exports to South Korea stood at $1,410 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+50.5%).
Price for Flours and Meals; of Soya Beans in China (CIF) - 2022
In 2022, the average import price for flours and meals; of soya beanses amounted to $3,318 per ton, picking up by 30% against the previous year. Overall, the import price, however, recorded a mild setback. The growth pace was the most rapid in 2017 an increase of 307% against the previous year. Over the period under review, average import prices hit record highs at $8,173 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($6,672 per ton), while the price for Japan totaled $1,453 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+1,830.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flours and Meals; of Soya Beans in China
In 2022, overseas shipments of flours and meals; of soya beanses were finally on the rise to reach 2K tons after two years of decline. Overall, exports, however, saw a abrupt contraction.
In value terms, exports of flours and meals; of soya beanses soared to $2.6M in 2022. The total export value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Flours and Meals; of Soya Beans in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 2,295 | 1,876 | 1,980 | 2,366 | 1.0% |
| Hong Kong SAR | 132 | 190 | 125 | 143 | 2.7% |
| United States | 5.3 | 5.3 | 5.6 | 120 | 182.9% |
| Others | 13.3 | 16.6 | 15.2 | 19.3 | 13.2% |
| Total | 2,446 | 2,088 | 2,126 | 2,648 | 2.7% |
Top Export Markets for Flours and Meals; of Soya Beans from China in 2022:
- South Korea (1863.5 tons)
- Hong Kong SAR (82.1 tons)
- United States (38.7 tons)
Imports of Flours and Meals; of Soya Beans in China
In 2022, supplies from abroad of flours and meals; of soya beanses decreased by -9.2% to 1.9 tons, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 131%. As a result, imports attained the peak of 2.1 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of flours and meals; of soya beanses soared to $6.3K in 2022. The total import value increased at an average annual rate of +5.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of $7.3K. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Flours and Meals; of Soya Beans in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 3.4 | 0.4 | 4.5 | 3.2% |
| Japan | 1.0 | 0.5 | 0.9 | 1.8 | 21.6% |
| India | N/A | 0.3 | 0.4 | N/A | 33.3% |
| Australia | N/A | 2.8 | 2.9 | N/A | 3.6% |
| Others | 0.2 | 0.3 | 0.8 | N/A | 100.0% |
| Total | 5.3 | 7.3 | 5.4 | 6.3 | 5.9% |
Top Suppliers of Flours and Meals; of Soya Beans to China in 2022:
- Japan (1223.0 kg)
- United States (680.0 kg)
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