Price for Soya Beans; Other than Seed, Whether or Not Broken in Belarus - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Belarus (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Belarus (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Belarus
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Belarus
Price for Soya Beans; Other than Seed, Whether or Not Broken in Belarus (CIF) - 2022
In March 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $565 per ton, declining by -13.3% against the previous month. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2021 an increase of 8.6% m-o-m. Over the period under review, average import prices hit record highs at $744 per ton in August 2021; however, from September 2021 to March 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Ukraine ($647 per ton), while the price for Russia totaled $562 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+0.6%).
Price for Soya Beans; Other than Seed, Whether or Not Broken in Belarus (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $688 per ton, flattening at the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price decreased by -5.4%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Ukraine.
From 2018 to 2022, the rate of growth in terms of prices for Ukraine amounted to +16.1% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Belarus
In 2022, approx. 385K tons of soya beans; other than seed, whether or not brokens were imported into Belarus; growing by 38% on 2021. In general, imports, however, recorded a abrupt contraction.
In value terms, imports of soya beans; other than seed, whether or not brokens soared to $271M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 175 | 156 | 124 | 198 | 4.2% |
| Russia | 9.0 | 88.8 | 55.8 | 73.7 | 101.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 184 | 245 | 180 | 271 | 13.8% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Belarus in 2022:
- Ukraine (289.3K tons)
- Russia (95.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Belarus
For the third year in a row, Belarus recorded decline in shipments abroad of soya beans; other than seed, whether or not brokens, which decreased by 0% to 348 tons in 2022. Overall, exports saw a significant decline. The smallest decline of -54.6% was in 2020.
In value terms, exports of soya beans; other than seed, whether or not brokens amounted to $239K in 2022. Over the period under review, exports recorded a sharp setback. The smallest decline of -59.7% was in 2020.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 423 | 480 | N/A | 239 | -17.3% |
| Kazakhstan | 824 | N/A | N/A | N/A | 0% |
| Others | N/A | 22.3 | N/A | 0.1 | -93.3% |
| Total | 1,247 | 503 | N/A | 239 | -42.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Belarus in 2022:
- Ukraine (347.5 tons)
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This report provides an in-depth analysis of the soya bean market in Belarus.
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