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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $1,080 per ton in 2022, dropping by -5.4% against the previous year. Overall, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 35%. The import price peaked at $1,546 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($1,722 per ton), while the price for Turkey ($878 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flours and meals; of soya beanses stood at $193 per ton in 2022, jumping by 24% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices reached the maximum at $710 per ton in 2015; however, from 2016 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 Afghanistan.

From 2013 to 2022, the rate of growth in terms of prices for Afghanistan amounted to -12.9% per year.

Imports of Flours and Meals; of Soya Beans in Pakistan

After three years of growth, supplies from abroad of flours and meals; of soya beanses decreased by -40.9% to 94 tons in 2022. Over the period under review, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 with an increase of 106% against the previous year.

In value terms, imports of flours and meals; of soya beanses dropped remarkably to $101K in 2022. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 77%. As a result, imports attained the peak of $181K, and then shrank sharply in the following year.

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

1. Turkey (59.0 tons)
2. United States (19.5 tons)
3. Indonesia (15.0 tons)

Exports of Flours and Meals; of Soya Beans in Pakistan

In 2022, shipments abroad of flours and meals; of soya beanses increased by 40% to 768 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a significant contraction.

In value terms, exports of flours and meals; of soya beanses skyrocketed to $148K in 2022. In general, exports, however, showed a significant curtailment.

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

1. Afghanistan (767.9 tons)

Source: IndexBox Market Intelligence Platform