Price for Flours and Meals; of Soya Beans in Austria - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Austria (FOB) - 2023
2. Price for Flours and Meals; of Soya Beans in Austria (CIF) - 2023
3. Exports of Flours and Meals; of Soya Beans in Austria
4. Imports of Flours and Meals; of Soya Beans in Austria

Price for Flours and Meals; of Soya Beans in Austria (FOB) - 2023

The average export price for flours and meals; of soya beanses stood at $1,615 per ton in September 2023, remaining relatively unchanged against the previous month. Over the last ten-month period, it increased at an average monthly rate of +1.3%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 9% month-to-month. The export price peaked at $1,687 per ton in May 2023; however, from June 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In September 2023, the highest price was recorded for prices to the UK ($1,778 per ton) and Senegal ($1,616 per ton), while the average price for exports to Morocco ($1,311 per ton) and Algeria ($1,492 per ton) were amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Austria (CIF) - 2023

In September 2023, the average import price for flours and meals; of soya beanses amounted to $1,276 per ton, falling by -15.7% against the previous month. In general, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in June 2023 an increase of 290% m-o-m. As a result, import price attained the peak level of $5,154 per ton. From July 2023 to September 2023, the average import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Serbia.

From October 2022 to September 2023, the rate of growth in terms of prices for Italy amounted to +3.9% per month.

Exports of Flours and Meals; of Soya Beans in Austria

For the third consecutive year, Austria recorded decline in overseas shipments of flours and meals; of soya beanses, which decreased by -6.6% to 14K tons in 2022. Over the period under review, exports showed a abrupt curtailment. The smallest decline of -0.2% was in 2021.

In value terms, exports of flours and meals; of soya beanses skyrocketed to $17M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Germany (3098.4 tons)
2. Belgium (2548.1 tons)
3. France (1797.5 tons)
4. Italy (964.8 tons)
5. Netherlands (926.6 tons)
6. Saudi Arabia (692.0 tons)
7. Algeria (567.0 tons)
8. Poland (374.0 tons)
9. United Kingdom (365.6 tons)
10. Russia (353.5 tons)
11. Croatia (326.5 tons)
12. Portugal (304.9 tons)
13. Senegal (250.0 tons)

Imports of Flours and Meals; of Soya Beans in Austria

After three years of growth, supplies from abroad of flours and meals; of soya beanses decreased by -45.3% to 324 tons in 2022. Over the period under review, imports continue to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 43%. As a result, imports attained the peak of 591 tons, and then dropped notably in the following year.

In value terms, imports of flours and meals; of soya beanses declined sharply to $402K in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 66%. As a result, imports reached the peak of $609K, and then fell markedly in the following year.

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

1. Serbia (159.0 tons)
2. France (51.9 tons)
3. Germany (46.4 tons)
4. Italy (42.2 tons)
5. Netherlands (21.7 tons)
6. Slovakia (0.1 tons)

Source: IndexBox Market Intelligence Platform