Price for Soya Beans; Other than Seed, Whether or Not Broken in Belgium - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Belgium (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Belgium (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Belgium
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Belgium
Price for Soya Beans; Other than Seed, Whether or Not Broken in Belgium (CIF) - 2023
The average import price for soya beans; other than seed, whether or not brokens stood at $681 per ton in September 2023, remaining relatively unchanged against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 21% against the previous month. The import price peaked at $786 per ton in December 2022; however, from January 2023 to September 2023, 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 China ($1,735 per ton), while the price for Burkina Faso ($640 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 Canada (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Belgium (FOB) - 2023
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $754 per ton, surging by 44% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $942 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In September 2023, the country with the highest price was Switzerland ($1,821 per ton), while the average price for exports to the UK amounted to $1,254 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Belgium
In 2022, approx. 596K tons of soya beans; other than seed, whether or not brokens were imported into Belgium; jumping by 32% against the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -8.2% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 44%. As a result, imports attained the peak of 649K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of soya beans; other than seed, whether or not brokens surged to $409M in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 20.3 | 84.5 | 37.0 | 190 | 110.7% |
| Canada | 56.0 | 95.0 | 93.7 | 98.3 | 20.6% |
| Netherlands | 4.7 | 23.6 | 56.9 | 42.8 | 108.8% |
| France | 24.1 | 36.3 | 33.4 | 36.2 | 14.5% |
| Togo | N/A | 3.7 | 6.8 | 16.2 | 109.2% |
| India | 9.8 | 8.6 | 5.3 | 1.6 | -45.3% |
| United States | 56.5 | 0.9 | 24.2 | 0.1 | -87.9% |
| Others | 11.9 | 14.3 | 20.3 | 23.9 | 26.2% |
| Total | 183 | 267 | 278 | 409 | 30.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Belgium in 2022:
- Brazil (291.5K tons)
- Canada (144.8K tons)
- Netherlands (70.6K tons)
- France (48.3K tons)
- Togo (18.0K tons)
- India (1.3K tons)
- United States (0.1K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Belgium
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens decreased by -18.9% to 132K tons, falling for the second consecutive year after two years of growth. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -31.7% against 2020 indices. The pace of growth was the most pronounced in 2020 when exports increased by 91%. As a result, the exports attained the peak of 193K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soya beans; other than seed, whether or not brokens dropped to $97M in 2022. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 83% against the previous year.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 21.0 | 52.8 | 52.7 | 44.5 | 28.4% |
| United Kingdom | 5.7 | 13.2 | 7.4 | 23.8 | 61.0% |
| France | 12.5 | 14.4 | 17.5 | 18.8 | 14.6% |
| Denmark | 0.1 | 0.2 | 0.2 | 2.6 | 196.2% |
| Germany | 1.4 | 1.6 | 20.2 | 2.0 | 12.6% |
| Poland | 3.1 | 1.1 | 2.4 | 1.7 | -18.1% |
| Others | 3.5 | 3.6 | 5.8 | 3.7 | 1.9% |
| Total | 47.5 | 86.8 | 106 | 97.1 | 26.9% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Belgium in 2022:
- Netherlands (65.5K tons)
- United Kingdom (31.5K tons)
- France (23.1K tons)
- Denmark (3.5K tons)
- Poland (2.3K tons)
- Germany (2.0K tons)
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This report provides an in-depth analysis of the soya bean market in Belgium.
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This report provides an in-depth analysis of the soya bean market in Belgium.
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