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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $695 per ton in September 2023, waning by -8.1% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 25% against the previous month. As a result, import price reached the peak level of $802 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Serbia ($1,423 per ton), while the price for Portugal ($593 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by France (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for flours and meals; of soya beanses stood at $497 per ton in 2022, growing by 53% against the previous year. Over the period under review, the export price, however, recorded a slight shrinkage. Over the period under review, the average export prices reached the maximum at $586 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($875 per ton), while the average price for exports to Portugal ($410 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 France (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours and Meals; of Soya Beans in Spain

In 2022, approx. 17K tons of flours and meals; of soya beanses were imported into Spain; with a decrease of -33.2% on the year before. Overall, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 5.7%.

In value terms, imports of flours and meals; of soya beanses shrank to $11M in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $13M, and then declined in the following year.

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

1. Portugal (9.9K tons)
2. France (3.8K tons)
3. Germany (2.0K tons)
4. Netherlands (0.3K tons)

Exports of Flours and Meals; of Soya Beans in Spain

In 2022, approx. 4.6K tons of flours and meals; of soya beanses were exported from Spain; reducing by -38.2% on the previous year's figure. Over the period under review, exports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 56%. As a result, the exports reached the peak of 7.4K tons, and then fell markedly in the following year.

In value terms, exports of flours and meals; of soya beanses reduced to $2.3M in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports attained the peak of $2.4M, and then fell in the following year.

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

1. Portugal (4.0K tons)
2. France (0.3K tons)
3. Italy (0.2K tons)

Source: IndexBox Market Intelligence Platform