Price for Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR
Price for Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $877 per ton in 2022, rising by 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2021 when the average import price increased by 17%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 China ($1,197 per ton), while the price for the United States ($709 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+11.7%), 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 Hong Kong SAR (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $970 per ton in 2022, increasing by 12% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +7.9% 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 +68.9% against 2016 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by 33%. The export price peaked in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Northern Mariana Islands ($1,218 per ton), while the average price for exports to China ($858 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 China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR
In 2022, supplies from abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 21K tons after two years of decline. Overall, imports, however, saw a perceptible descent.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $19M in 2022. The total import value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. 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 Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 12.8 | 12.0 | 12.8 | 14.9 | 5.2% |
| China | 1.9 | 1.7 | 2.7 | 2.9 | 15.1% |
| Russia | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| United States | 0.4 | 0.2 | 0.1 | 0.2 | -20.6% |
| Others | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Total | 15.3 | 14.2 | 16.0 | 18.7 | 6.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Hong Kong SAR in 2022:
- Canada (18.0K tons)
- China (2.4K tons)
- Russia (0.4K tons)
- United States (0.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of soya beans; other than seed, whether or not brokens, which decreased by -7.8% to 639 tons in 2022. Over the period under review, exports saw a abrupt decrease. The smallest decline of -5.3% was in 2021.
In value terms, exports of soya beans; other than seed, whether or not brokens expanded modestly to $620K in 2022. The total export value increased at an average annual rate of +1.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 6.9%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 398 | 392 | 504 | 529 | 9.9% |
| China | 139 | 67.6 | 91.3 | 69.4 | -20.7% |
| Northern Mariana Islands | N/A | N/A | 7.7 | 21.4 | 177.9% |
| Others | 55.5 | 104 | N/A | N/A | 87.4% |
| Total | 592 | 564 | 603 | 620 | 1.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Hong Kong SAR in 2022:
- Macao SAR (540.7 tons)
- China (80.9 tons)
- Northern Mariana Islands (17.5 tons)
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