Price for Soya Beans; Other than Seed, Whether or Not Broken in Greece - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Greece (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Greece (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Greece
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Greece
Price for Soya Beans; Other than Seed, Whether or Not Broken in Greece (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $682 per ton in 2022, increasing by 17% against the previous year. In general, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soya beans; other than seed, whether or not brokens increased by +83.5% against 2019 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 46%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
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 Romania ($1,628 per ton), while the price for Canada ($588 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+12.3%), 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 Greece (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $674 per ton in 2022, stabilizing at the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of 44%. The export price peaked at $727 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($788 per ton), while the average price for exports to Bulgaria ($651 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+2.9%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Greece
For the third consecutive year, Greece recorded decline in overseas purchases of soya beans; other than seed, whether or not brokens, which decreased by -2.8% to 233K tons in 2022. Overall, imports saw a drastic downturn.
In value terms, imports of soya beans; other than seed, whether or not brokens expanded sharply to $159M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +43.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Greece (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 4.0 | 39.3 | 61.6 | 99.3 | 191.7% |
Ukraine | 55.8 | 49.3 | 17.4 | 25.2 | -23.3% |
United States | 18.5 | 16.5 | 50.7 | 18.9 | 0.7% |
Canada | 5.8 | 5.5 | 10.0 | 15.2 | 37.9% |
Paraguay | 24.6 | N/A | N/A | N/A | 0% |
Others | 3.3 | 0.6 | 1.0 | 0.6 | -43.3% |
Total | 112 | 111 | 141 | 159 | 12.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Greece in 2022:
- Brazil (140.6K tons)
- Ukraine (36.1K tons)
- United States (30.1K tons)
- Canada (25.9K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Greece
For the third year in a row, Greece recorded decline in overseas shipments of soya beans; other than seed, whether or not brokens, which decreased by -20.1% to 901 tons in 2022. In general, exports recorded a precipitous shrinkage. The smallest decline of -0.3% was in 2020.
In value terms, exports of soya beans; other than seed, whether or not brokens contracted remarkably to $607K in 2022. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 16%. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Greece (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Bulgaria | 868 | 1,006 | 475 | 449 | -19.7% |
Cyprus | 0.2 | N/A | 15.2 | 79.3 | 634.7% |
Italy | N/A | N/A | 270 | 78.2 | -71.0% |
Others | N/A | 0.6 | N/A | N/A | 0% |
Total | 868 | 1,007 | 760 | 607 | -11.2% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Greece in 2022:
- Bulgaria (690.3 tons)
- Cyprus (111.0 tons)
- Italy (99.2 tons)
This report provides an in-depth analysis of the soya bean market in Greece.
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This report provides an in-depth analysis of the soya bean market in Greece.
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