Price for Soya Beans; Other than Seed, Whether or Not Broken in Argentina - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Argentina (FOB) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Argentina (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Argentina
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Argentina
Price for Soya Beans; Other than Seed, Whether or Not Broken in Argentina (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $542 per ton in June 2023, with a decrease of -1.8% against the previous month. Over the period under review, the export price recorded a slight setback. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 73% against the previous month. As a result, the export price reached the peak level of $1,007 per ton. From March 2023 to June 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Argentina (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $640 per ton in 2022, picking up by 19% against the previous year. Overall, the import price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2021 an increase of 45% against the previous year. The import price peaked at $942 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Brazil ($646 per ton) and Paraguay ($646 per ton), while the price for Bolivia ($616 per ton) and Uruguay ($639 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Argentina
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 5.2M tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a abrupt shrinkage.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $3.1B in 2022. Over the period under review, exports, however, recorded a pronounced decrease.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,013 | 1,867 | 1,782 | 2,892 | -1.4% |
| United States | 53.4 | 32.5 | 57.8 | 104 | 24.9% |
| Egypt | 214 | 194 | 305 | N/A | 19.4% |
| Others | 109 | 77.1 | 66.8 | 73.8 | -12.2% |
| Total | 3,388 | 2,171 | 2,212 | 3,069 | -3.2% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Argentina in 2022:
- China (4.9M tons)
- United States (0.1M tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Argentina
In 2022, purchases abroad of soya beans; other than seed, whether or not brokens decreased by -32% to 3.3M tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt contraction. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports attained the peak of 5.3M tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soya beans; other than seed, whether or not brokens fell notably to $2.1B in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 32% against the previous year. As a result, imports attained the peak of $2.6B, and then reduced remarkably in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 1,204 | 1,830 | 2,476 | 1,124 | -2.3% |
| Uruguay | N/A | 7.9 | 8.6 | 495 | 691.6% |
| Bolivia | N/A | N/A | 15.5 | 305 | 1867.7% |
| Brazil | 136 | 140 | 119 | 194 | 12.6% |
| United States | 263 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1,604 | 1,978 | 2,620 | 2,118 | 9.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Argentina in 2022:
- Paraguay (1739.7K tons)
- Uruguay (774.8K tons)
- Bolivia (495.1K tons)
- Brazil (299.8K tons)
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