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

Contents:

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

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,364 per ton, picking up by 16% against the previous year. In general, the import price enjoyed a tangible increase. The pace of growth was the most pronounced in 2021 an increase of 116% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,823 per ton), while the price for Germany ($529 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $4,685 per ton, with an increase of 4.7% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 315% against the previous year. The export price peaked at $4,927 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($5,106 per ton), while the average price for exports to Norway stood at $1,003 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Denmark

After two years of decline, supplies from abroad of flours and meals; of soya beanses increased by 11% to 570 tons in 2022. Over the period under review, imports, however, recorded a precipitous curtailment.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $778K in 2022. In general, imports, however, saw a sharp downturn.

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

1. Netherlands (280.5 tons)
2. United Kingdom (139.9 tons)
3. Italy (59.6 tons)
4. Germany (45.9 tons)
5. Austria (22.9 tons)
6. Serbia (15.8 tons)

Exports of Flours and Meals; of Soya Beans in Denmark

In 2022, the amount of flours and meals; of soya beanses exported from Denmark surged to 101 tons, increasing by 57% compared with the previous year's figure. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2020 with an increase of 72% against the previous year. As a result, the exports attained the peak of 130 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flours and meals; of soya beanses soared to $473K in 2022. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 96%. As a result, the exports attained the peak of $540K. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

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

1. Sweden (89.9 tons)
2. Norway (10.3 tons)

Source: IndexBox Market Intelligence Platform