Price for Soya Beans; Other than Seed, Whether or Not Broken in Chile - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Chile (CIF) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Chile (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Chile
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Chile
Price for Soya Beans; Other than Seed, Whether or Not Broken in Chile (CIF) - 2024
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $605 per ton, remaining stable against the previous month. Over the period under review, the import price continues to indicate a slight setback. The pace of growth was the most pronounced in February 2023 an increase of 9.5% m-o-m. As a result, import price reached the peak level of $722 per ton. From March 2023 to September 2023, the average import prices remained at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Argentina ($615 per ton), while the price for Bolivia amounted to $581 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Brazil (-0.1%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Chile (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $3,390 per ton in 2022, with an increase of 36% against the previous year. Overall, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 822% against the previous year. As a result, the export price reached the peak level of $17,220 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($4,331 per ton), while the average price for exports to the United States ($2,762 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+76.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Chile
In 2022, after three years of growth, there was significant decline in purchases abroad of soya beans; other than seed, whether or not brokens, when their volume decreased by -36.7% to 65K tons. In general, imports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 34% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens reduced notably to $41M in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +10.8% 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 +36.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of $56M, and then dropped significantly in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Chile (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Argentina | 24.3 | 32.6 | 45.8 | 35.9 | 13.9% |
| United States | 5.7 | 3.1 | 5.8 | 5.2 | -3.0% |
| Uruguay | 0.1 | 4.0 | 4.2 | N/A | 548.1% |
| Others | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Total | 30.3 | 40.0 | 55.8 | 41.2 | 10.8% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Chile in 2022:
- Argentina (57.5K tons)
- United States (7.7K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Chile
In 2022, exports of soya beans; other than seed, whether or not brokens from Chile soared to 14 tons, rising by 1,396% on the year before. Overall, exports, however, faced a dramatic downturn.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $48K in 2022. In general, exports continue to indicate a prominent increase.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Chile (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | 3.4 | 2.3 | 22.6 | 157.8% |
| United States | 35.1 | 50.7 | N/A | 22.2 | -14.2% |
| Germany | N/A | N/A | N/A | 2.8 | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 35.1 | 54.1 | 2.3 | 47.6 | 10.7% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Chile in 2022:
- United States (8.0 tons)
- Belgium (5.2 tons)
- Germany (0.8 tons)
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