Price for Soya Beans; Other than Seed, Whether or Not Broken in Hungary - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Hungary (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Hungary (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Hungary
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Hungary
Price for Soya Beans; Other than Seed, Whether or Not Broken in Hungary (CIF) - 2023
The average import price for soya beans; other than seed, whether or not brokens stood at $566 per ton in September 2023, reducing by -5.1% against the previous month. In general, the import price recorded a mild downturn. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 9.7% month-to-month. Over the period under review, average import prices reached the maximum at $633 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From November 2022 to September 2023, the rate of growth in terms of prices for Slovakia amounted to +2.4% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Hungary (FOB) - 2023
In August 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $525 per ton, growing by 2.4% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 31% against the previous month. The export price peaked at $676 per ton in December 2022; however, from January 2023 to August 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Croatia ($824 per ton), while the average price for exports to Serbia ($508 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+9.3%), 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 Hungary
In 2022, approx. 166K tons of soya beans; other than seed, whether or not brokens were imported into Hungary; increasing by 38% compared with the year before. The total import volume increased at an average annual rate of +10.8% from 2019 to 2022; however, 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.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $101M in 2022. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | 13.5 | 9.0 | 16.1 | 45.7 | 50.2% |
| Slovakia | 6.0 | 9.4 | 16.6 | 18.1 | 44.5% |
| Romania | 6.5 | 5.1 | 7.6 | 12.3 | 23.7% |
| Italy | 0.4 | N/A | 4.6 | 10.5 | 197.2% |
| Austria | 0.4 | 5.0 | 6.2 | 6.1 | 148.0% |
| Poland | 1.4 | 2.3 | 3.5 | 4.1 | 43.1% |
| Croatia | 6.0 | 6.5 | 5.5 | 1.9 | -31.8% |
| Serbia | 9.5 | 19.0 | 7.2 | N/A | -12.9% |
| Others | 1.3 | 0.8 | 3.6 | 2.3 | 20.9% |
| Total | 45.0 | 57.2 | 70.9 | 101 | 30.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Hungary in 2022:
- Ukraine (75.6K tons)
- Slovakia (29.3K tons)
- Romania (19.5K tons)
- Italy (19.3K tons)
- Austria (8.9K tons)
- Poland (6.5K tons)
- Croatia (2.7K tons)
- Serbia (0.1K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Hungary
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from Hungary surged to 126K tons, with an increase of 48% on the year before. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.1% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $81M in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Austria | 14.4 | 16.5 | 19.7 | 35.2 | 34.7% |
| Germany | 12.2 | 17.6 | 24.6 | 13.6 | 3.7% |
| Serbia | N/A | N/A | 2.9 | 13.4 | 362.1% |
| Italy | 2.4 | 3.0 | 1.4 | 6.4 | 38.7% |
| Belgium | N/A | N/A | 0.3 | 4.6 | 1433.3% |
| Romania | 0.2 | 0.2 | 0.2 | 2.9 | 143.8% |
| Slovakia | 0.1 | N/A | N/A | 2.9 | 207.2% |
| Others | 0.3 | 0.8 | 0.9 | 2.2 | 94.3% |
| Total | 29.6 | 38.2 | 50.1 | 81.2 | 40.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Hungary in 2022:
- Austria (52.0K tons)
- Germany (21.1K tons)
- Serbia (20.7K tons)
- Italy (9.8K tons)
- Belgium (9.0K tons)
- Romania (6.4K tons)
- Slovakia (4.3K tons)
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