Price for Soya Beans; Other than Seed, Whether or Not Broken in Croatia - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Croatia (FOB) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Croatia (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Croatia
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Croatia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Croatia (FOB) - 2023
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $480 per ton, which is down by -4% against the previous month. Overall, the export price showed a perceptible contraction. The pace of growth was the most pronounced in December 2022 when the average export price increased by 3.4% m-o-m. As a result, the export price reached the peak level of $681 per ton. From January 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the country with the highest price was Serbia ($503 per ton), while the average price for exports to Bosnia and Herzegovina amounted to $457 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bosnia and Herzegovina (-2.0%), while the prices for the other major destinations experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Croatia (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $591 per ton in 2022, surging by 11% against the previous year. Overall, the import price, however, saw a slight slump. The growth pace was the most rapid in 2016 when the average import price increased by 41% against the previous year. The import price peaked at $741 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bosnia and Herzegovina ($1,108 per ton), while the price for Slovenia ($436 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (+7.3%), 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 Croatia
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -17.2% to 153K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of 264K 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 fell significantly to $104M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 44% against the previous year.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Serbia | 1.2 | N/A | 28.5 | 47.4 | 240.6% |
| Italy | 33.5 | 25.5 | 20.3 | 21.6 | -13.6% |
| Austria | 18.2 | 17.0 | 15.0 | 18.2 | 0.0% |
| Bosnia and Herzegovina | 2.7 | 3.6 | 3.6 | 7.2 | 38.7% |
| Hungary | 3.0 | 7.9 | 5.8 | 3.7 | 7.2% |
| Slovenia | 2.7 | 1.8 | 1.0 | 2.2 | -6.6% |
| Germany | 7.5 | 15.8 | 7.4 | 1.7 | -39.0% |
| Russia | 9.8 | 36.2 | 45.7 | N/A | 115.9% |
| Others | 1.7 | 7.5 | 0.9 | 2.3 | 10.6% |
| Total | 80.2 | 115 | 128 | 104 | 9.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Croatia in 2022:
- Serbia (73.3K tons)
- Italy (29.7K tons)
- Austria (26.5K tons)
- Bosnia and Herzegovina (9.9K tons)
- Hungary (5.1K tons)
- Slovenia (2.9K tons)
- Germany (2.3K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Croatia
In 2022, supplies from abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 17K tons after two years of decline. Overall, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $10M in 2022. Over the period under review, imports recorded significant growth. 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 Croatia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | 0.1 | 1.2 | 5.3 | 628.0% |
| Slovenia | 4.6 | 2.0 | 2.5 | 2.0 | -24.2% |
| Austria | 0.5 | 0.4 | 1.3 | 2.0 | 58.7% |
| Hungary | N/A | 0.5 | N/A | 0.7 | 18.3% |
| Serbia | N/A | 0.2 | N/A | 0.3 | 22.5% |
| Bosnia and Herzegovina | 0.1 | 2.1 | 0.1 | N/A | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.3 | 5.3 | 5.2 | 10.3 | 24.8% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Croatia in 2022:
- Italy (8.3K tons)
- Slovenia (4.5K tons)
- Austria (3.0K tons)
- Hungary (1.3K tons)
- Serbia (0.3K tons)
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