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

Contents:

1. Price for Flours and Meals; of Soya Beans in Finland (CIF) - 2023
2. Price for Flours and Meals; of Soya Beans in Finland (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Finland
4. Exports of Flours and Meals; of Soya Beans in Finland

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

In August 2023, the average import price for flours and meals; of soya beanses amounted to $1,030 per ton, almost unchanged from the previous month. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in June 2023 an increase of 265% month-to-month. The import price peaked at $5,817 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.

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

From November 2022 to August 2023, the rate of growth in terms of prices for Denmark amounted to -4.3% per month.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $10,120 per ton, dropping by -11.1% against the previous year. In general, the export price, however, showed a prominent expansion. The growth pace was the most rapid in 2013 an increase of 81% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,389 per ton in 2021, and then contracted in the following year.

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 Estonia ($14,000 per ton), while the average price for exports to Singapore ($6,000 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 Singapore (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Finland

In 2022, the amount of flours and meals; of soya beanses imported into Finland shrank to 12 tons, with a decrease of -11.1% against 2021 figures. Overall, imports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year.

In value terms, imports of flours and meals; of soya beanses fell rapidly to $55K in 2022. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 when imports increased by 147%. As a result, imports reached the peak of $69K, and then dropped notably in the following year.

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

1. Estonia (8.4 tons)
2. Netherlands (2.6 tons)
3. Denmark (0.8 tons)
4. Uganda (0.6 tons)

Exports of Flours and Meals; of Soya Beans in Finland

In 2022, exports of flours and meals; of soya beanses from Finland declined notably to 25 kg, with a decrease of -30.6% compared with 2021 figures. Overall, exports faced a precipitous setback.

In value terms, exports of flours and meals; of soya beanses contracted rapidly to $253 in 2022. Over the period under review, exports saw a sharp slump.

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

1. United States (14.0 kg)
2. Estonia (6.0 kg)
3. Norway (3.0 kg)
4. United Kingdom (1.0 kg)
5. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform