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

Contents:

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

Price for Flours and Meals; of Soya Beans in Sweden (FOB) - 2023

In September 2023, the average export price for flours and meals; of soya beanses amounted to $6,666 per ton, leveling off at the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 12% against the previous month. As a result, the export price reached the peak level of $7,029 per ton. From May 2023 to September 2023, the the average export prices remained at a somewhat lower figure.

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

From November 2022 to September 2023, the rate of growth in terms of prices for Norway amounted to +7.5% per month.

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

The average import price for flours and meals; of soya beanses stood at $981 per ton in 2022, rising by 5% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The growth pace was the most rapid in 2014 an increase of 59%. Over the period under review, average import prices attained the maximum at $2,288 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($4,677 per ton), while the price for Rwanda ($21 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Sweden

In 2022, shipments abroad of flours and meals; of soya beanses was finally on the rise to reach 15 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a significant contraction.

In value terms, exports of flours and meals; of soya beanses skyrocketed to $602K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Finland (15.1 tons)

Imports of Flours and Meals; of Soya Beans in Sweden

For the third year in a row, Sweden recorded decline in supplies from abroad of flours and meals; of soya beanses, which decreased by -95.1% to 113 tons in 2022. Overall, imports continue to indicate a precipitous curtailment. The smallest decline of -0.8% was in 2021.

In value terms, imports of flours and meals; of soya beanses fell rapidly to $111K in 2022. Over the period under review, imports faced a significant decline. The pace of growth appeared the most rapid in 2021 with an increase of 13%.

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

1. Germany (41.7 tons)
2. Denmark (29.6 tons)
3. Rwanda (16.3 tons)
4. Uganda (11.8 tons)
5. Netherlands (8.0 tons)
6. India (1.9 tons)
7. Japan (1.9 tons)

Source: IndexBox Market Intelligence Platform