Price for Flours and Meals; of Soya Beans in Chile - 2024

Contents:

1. Price for Flours and Meals; of Soya Beans in Chile (CIF) - 2024
2. Price for Flours and Meals; of Soya Beans in Chile (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Chile
4. Exports of Flours and Meals; of Soya Beans in Chile

Price for Flours and Meals; of Soya Beans in Chile (CIF) - 2024

The average import price for flours and meals; of soya beanses stood at $789 per ton in September 2023, picking up by 34% against the previous month. Overall, the import price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 131% against the previous month. As a result, import price attained the peak level of $1,368 per ton. From August 2023 to September 2023, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was the Netherlands ($858 per ton), while the price for the United States ($775 per ton) was amongst the lowest.

From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for flours and meals; of soya beanses stood at $1,962 per ton in 2022, with a decrease of -2.5% against the previous year. Overall, export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flours and meals; of soya beanses increased by +29.7% against 2020 indices. The growth pace was the most rapid in 2018 an increase of 89% against the previous year. The export price peaked at $2,570 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Peru.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +9.9% per year.

Imports of Flours and Meals; of Soya Beans in Chile

In 2022, after three years of growth, there was significant decline in supplies from abroad of flours and meals; of soya beanses, when their volume decreased by -54.7% to 7.4K tons. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 302% against the previous year.

In value terms, imports of flours and meals; of soya beanses reduced notably to $4.9M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 when imports increased by 233%.

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

1. Argentina (3.5K tons)
2. Bolivia (3.5K tons)
3. United States (0.2K tons)
4. Netherlands (0.2K tons)

Exports of Flours and Meals; of Soya Beans in Chile

In 2022, shipments abroad of flours and meals; of soya beanses decreased by -95% to 2.1 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, saw a prominent expansion. The growth pace was the most rapid in 2020 with an increase of 3,477% against the previous year. As a result, the exports attained the peak of 65 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flours and meals; of soya beanses reduced remarkably to $4.2K in 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,784%. As a result, the exports reached the peak of $99K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Peru (2.1 tons)

Source: IndexBox Market Intelligence Platform