Price for Flours and Meals; of Soya Beans in the Czech Republic - 2023

Price for Flours and Meals; of Soya Beans in the Czech Republic (CIF) - 2023

The average import price for flours and meals; of soya beanses stood at $1,583 per ton in September 2023, increasing by 16% against the previous month. Over the period from November 2022 to September 2023, it increased at an average monthly rate of +2.3%. The growth pace was the most rapid in May 2023 when the average import price increased by 48% month-to-month. Over the period under review, average import prices reached the peak figure in September 2023.

Prices varied noticeably by the country of origin: the country with the highest price was Austria ($2,047 per ton), while the price for Serbia totaled $1,331 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Austria (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in the Czech Republic (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $1,206 per ton, rising by 40% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flours and meals; of soya beanses increased by +64.9% against 2019 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($2,216 per ton), while the average price for exports to Slovakia totaled $1,195 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+9.4%).

Imports of Flours and Meals; of Soya Beans in the Czech Republic

In 2022, purchases abroad of flours and meals; of soya beanses decreased by -8.9% to 1.6K tons, falling for the second consecutive year after two years of growth. In general, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2020 with an increase of 162% against the previous year. As a result, imports attained the peak of 2K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flours and meals; of soya beanses expanded significantly to $1.8M in 2022. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Flours and Meals; of Soya Beans in the Czech Republic (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Serbia	186	763	873	1,252	88.8%
Austria	176	318	403	333	23.7%
Germany	0.5	482	325	126	531.6%
Slovakia	N/A	21.5	44.4	79.2	91.9%
Hungary	274	11.1	12.6	11.8	-64.9%
Others	6.0	0.1	0.2	9.5	16.6%
Total	642	1,596	1,657	1,811	41.3%

Top Suppliers of Flours and Meals; of Soya Beans to the Czech Republic in 2022:

Serbia (1177.0 tons)
Austria (252.5 tons)
Germany (95.8 tons)
Slovakia (67.2 tons)
Hungary (10.3 tons)

Exports of Flours and Meals; of Soya Beans in the Czech Republic

Exports of flours and meals; of soya beanses from the Czech Republic rose remarkably to 713 tons in 2022, picking up by 13% against 2021. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of flours and meals; of soya beanses skyrocketed to $860K in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 73% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.