Price for Soya Beans; Other than Seed, Whether or Not Broken in Colombia - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Colombia (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Colombia (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Colombia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Colombia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Colombia (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $593 per ton in February 2022, with an increase of 5.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2021 when the average import price increased by 33% month-to-month. As a result, import price attained the peak level of $790 per ton. From October 2021 to February 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From February 2021 to February 2022, the rate of growth in terms of prices for the United States amounted to +0.7% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Colombia (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $563 per ton in 2022, with a decrease of -60.6% against the previous year. Overall, the export price recorded a drastic downturn. The growth pace was the most rapid in 2013 an increase of 50% against the previous year. As a result, the export price attained the peak level of $3,718 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Canada.
From 2012 to 2022, the rate of growth in terms of prices for the Netherlands amounted to +13.1% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Colombia
In 2022, after two years of decline, there was significant growth in supplies from abroad of soya beans; other than seed, whether or not brokens, when their volume increased by 10% to 478K tons. In general, imports, however, continue to indicate a deep setback.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $314M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +63.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 211 | 176 | 229 | 314 | 14.2% |
| Bolivia | 12.2 | 11.2 | 10.0 | N/A | -9.5% |
| Brazil | 4.8 | 5.7 | 7.0 | N/A | 20.8% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 228 | 192 | 246 | 314 | 11.3% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Colombia in 2022:
- United States (477.5K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Colombia
Exports of soya beans; other than seed, whether or not brokens from Colombia reduced rapidly to 16 kg in 2022, dropping by -85.2% on the previous year. Overall, exports showed a sharp decrease. The smallest decline of -4.7% was in 2020.
In value terms, exports of soya beans; other than seed, whether or not brokens fell sharply to $9 in 2022. In general, exports faced a dramatic downturn. The smallest decline of -19.4% was in 2020.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Colombia (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 59.0 | 14.0 | 4.0 | 9.0 | -46.6% |
| Germany | 184 | 134 | 100 | N/A | -26.3% |
| United States | 29.0 | 13.0 | 6.0 | N/A | -54.5% |
| Netherlands | 85.0 | 139 | 44.0 | N/A | -28.1% |
| Others | 15.0 | N/A | N/A | N/A | 0% |
| Total | 372 | 300 | 154 | 9.0 | -71.1% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Colombia in 2022:
- Canada (16.0 kg)
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