Brazil - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingBrazil's Soya Bean Price Decreases to $596 per Ton
Brazil Soya Bean Export Price in January 2023
In January 2023, the soya bean price stood at $596 per ton (FOB, Brazil), which is down by -3.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2022 when the average export price increased by 11% month-to-month. The export price peaked at $631 per ton in June 2022; however, from July 2022 to January 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In January 2023, the countries with the highest prices were Russia ($626 per ton) and Thailand ($605 per ton), while the average price for exports to Iran ($510 per ton) and Vietnam ($582 per ton) were amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Brazil Soya Bean Exports
In January 2023, overseas shipments of soya beans decreased by -58.4% to 840K tons, falling for the tenth consecutive month after three months of growth. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in February 2022 with an increase of 158% month-to-month. The exports peaked at 12M tons in March 2022; however, from April 2022 to January 2023, the exports stood at a somewhat lower figure.
In value terms, soya bean exports declined significantly to $500M (IndexBox estimates) in January 2023. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in February 2022 with an increase of 155% m-o-m. The exports peaked at 6.9M tons in April 2022; however, from May 2022 to January 2023, the exports remained at a lower figure.
Brazil Soya Bean Exports by Country
China (510K tons) was the main destination for soya bean exports from Brazil, with a 61% share of total exports. Moreover, soya bean exports to China exceeded the volume sent to the second major destination, Russia (115K tons), fourfold. The third position in this ranking was taken by Thailand (71K tons), with an 8.5% share.
From January 2022 to January 2023, the average monthly growth rate of volume to China amounted to -10.6%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+6.2% per month) and Thailand (+44.1% per month).
In value terms, China ($306M) remains the key foreign market for soya bean exports from Brazil, comprising 61% of total exports. The second position in the ranking was held by Russia ($72M), with a 14% share of total exports. It was followed by Thailand, with an 8.6% share.
From January 2022 to January 2023, the average monthly growth rate of value to China totaled -9.4%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Russia (+8.1% per month) and Thailand (+45.2% per month).
Price Reduction Spurs Interest in Commodity, but Caution Remains Advised for Future Increases
The price reduction is expected to spark renewed interest in the commodity, as traders seek to take advantage of the opportunity presented by the lower cost. However, industry experts warn that the price dip may be temporary, and that farmers and traders should take measures to hedge against potential future price increases. Despite this uncertainty, the reduction in price is viewed as a positive development for the Brazilian economy, which has been struggling with high inflation rates and a stagnant growth rate in recent years.
This report provides an in-depth analysis of the soya bean market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 236 - Soybeans
Country coverage:
- Brazil
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Brazil
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
