Price for Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $835 per ton, increasing by 14% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soya beans; other than seed, whether or not brokens increased by +70.8% against 2018 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 30%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Spain ($909 per ton) and Canada ($884 per ton), while the average price for exports to Singapore ($732 per ton) and Vietnam ($760 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+22.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $7,707 per ton, jumping by 51% against the previous year. Over the period under review, the import price enjoyed a significant increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 247%. The import price peaked in 2022 and is likely to see gradual growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Kenya amounted to +4,771.9% per year.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia
In 2022, approx. 52K tons of soya beans; other than seed, whether or not brokens were exported from Ethiopia; waning by -7.4% on the previous year's figure. Overall, exports continue to indicate a abrupt decrease. The smallest decline of -4.8% was in 2021.
In value terms, exports of soya beans; other than seed, whether or not brokens reached $44M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 24% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 24.1 | 12.7 | 27.2 | 26.4 | 3.1% |
| United States | 0.2 | 0.2 | 0.4 | 5.4 | 200.0% |
| Canada | 0.2 | 0.7 | 0.5 | 2.3 | 125.7% |
| United Arab Emirates | 0.1 | 0.1 | 0.2 | 2.3 | 184.4% |
| Spain | 1.5 | 0.3 | 1.3 | 1.9 | 8.2% |
| Vietnam | 3.3 | 4.1 | 3.7 | 1.7 | -19.8% |
| Singapore | 1.6 | 3.2 | 0.4 | 1.3 | -6.7% |
| Turkey | 1.0 | 2.0 | 0.7 | N/A | -16.3% |
| Others | 5.8 | 10.0 | 6.9 | 2.4 | -25.5% |
| Total | 37.6 | 33.3 | 41.3 | 43.7 | 5.1% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Ethiopia in 2022:
- India (32.1K tons)
- United States (6.3K tons)
- United Arab Emirates (2.7K tons)
- Canada (2.6K tons)
- Vietnam (2.2K tons)
- Spain (2.0K tons)
- Singapore (1.7K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia
Imports of soya beans; other than seed, whether or not brokens into Ethiopia reduced dramatically to 523 kg in 2022, which is down by -71.9% compared with the year before. In general, imports faced a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 307%. As a result, imports attained the peak of 1.9 tons, and then fell rapidly in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens dropped dramatically to $4K in 2022. Over the period under review, imports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when imports increased by 238%.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.2 | 2.8 | 9.3 | 4.0 | -26.8% |
| Others | 0.2 | 0.1 | 0.3 | N/A | 22.5% |
| Total | 10.4 | 2.8 | 9.5 | 4.0 | -27.3% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Ethiopia in 2022:
- China (523.0 kg)
1515
This report provides an in-depth analysis of the soya bean market in Ethiopia.
5813
This report provides an in-depth analysis of the global soya bean market.
1515
This report provides an in-depth analysis of the soya bean market in Ethiopia.
5813
This report provides an in-depth analysis of the global soya bean market.
111
Global demand for soya beans is expected to continue increasing over the next seven years, with market performance forecasted to accelerate and reach 451M tons by 2030. The market value is projected to grow to $278.3B by 2030.
299
Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
660
In 2021, the average annual soybean price soared by 43% y/y to $583 per ton. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.
682
The currently increasing demand for soybeans in biofuel production, animal feed and food products outpaced production growth, resulting in a significant hike in soya prices. Together with expectations of further price growth, it contributes to rising costs of many downstream products and accelerates food inflation. In China, rebuilding pig herds after swine fever outbreaks emerges as a new driver for the global market. Those factors highlight soybeans as an attractive commodity to invest in, leading to robust expansion of crop acreage in the U.S. and Brazil.
3986
Global Soybean Market: Soybean is widely used both in animal feeding and human consumption, with soyfeed taking the larger part of consumption. For human consumption such products as soy oil, soy milk, soy flour, soy protein, tofu and many retail food
3695
Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
13010
From 2008 to 2015, the global soya bean market was roller-coast in physical terms, showing an upward trend, overall. The last wave started from a local low point in 2012 at X million tons. Over the next two years, the market posted solid gains. How
1452
Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
1469
The volume of total imports on the global soya bean market in 2015 stood at X million tons. There was an annual increase of +X% for the period from 2008 to 2015. In value terms, imports of soya beans dropped to X billion USD in 2015, which was X
2391
According to a recently published report by IndexBox Marketing, China is the largest consumer on the soy beanmarket in the world. At the same time, X% of China's total consumption in 2015 accounted for imports. In 2016, according to Oil World data, th
