Price for Flours and Meals; of Soya Beans in Ethiopia - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Ethiopia (FOB) - 2022
2. Price for Flours and Meals; of Soya Beans in Ethiopia (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Ethiopia
4. Imports of Flours and Meals; of Soya Beans in Ethiopia

Price for Flours and Meals; of Soya Beans in Ethiopia (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $533 per ton, which is down by -28.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 32%. Over the period under review, the average export prices hit record highs at $745 per ton in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($904 per ton), while the average price for exports to India ($412 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Ethiopia (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $4,019 per ton in 2022, picking up by 236% against the previous year. Overall, the import price saw a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Israel ($4,283 per ton), while the price for China totaled $1,702 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+78.2%).

Exports of Flours and Meals; of Soya Beans in Ethiopia

In 2022, approx. 44K tons of flours and meals; of soya beanses were exported from Ethiopia; rising by 65% compared with 2021. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 288%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of flours and meals; of soya beanses surged to $24M in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 412% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Flours and Meals; of Soya Beans from Ethiopia in 2022:

1. India (31.8K tons)
2. United States (7.5K tons)
3. Singapore (1.3K tons)
4. Spain (1.2K tons)
5. Italy (1.1K tons)
6. Vietnam (0.7K tons)

Imports of Flours and Meals; of Soya Beans in Ethiopia

Imports of flours and meals; of soya beanses into Ethiopia contracted sharply to 1.1 tons in 2022, shrinking by -60.4% against the previous year's figure. Overall, imports continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 157%. As a result, imports reached the peak of 2.8 tons, and then fell sharply in the following year.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $4.5K in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +98.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 49% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Flours and Meals; of Soya Beans to Ethiopia in 2022:

1. Israel (1000.0 kg)
2. China (114.0 kg)

Source: IndexBox Market Intelligence Platform