Price for Soya Beans; Other than Seed, Whether or Not Broken in Italy - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Italy (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Italy (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Italy
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Italy
Price for Soya Beans; Other than Seed, Whether or Not Broken in Italy (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $582 per ton, growing by 2.6% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 4.6% month-to-month. As a result, import price attained the peak level of $656 per ton. From January 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($1,002 per ton), while the price for Ukraine ($516 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+4.4%), 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 Italy (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $975 per ton in 2022, picking up by 8.5% against the previous year. Overall, export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.6% 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 +52.8% against 2017 indices. The growth pace was the most rapid in 2013 when the average export price increased by 22% against the previous year. The export price peaked at $1,051 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($1,411 per ton), while the average price for exports to Hungary ($577 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 Hungary (+8.2%), 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 Italy
In 2022, supplies from abroad of soya beans; other than seed, whether or not brokens decreased by -9.5% to 2.2M tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 9.1%. As a result, imports reached the peak of 2.4M tons, and then shrank in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens reached $1.4B in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.6% 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 +79.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 220 | 389 | 759 | 735 | 49.5% |
| Canada | 90.5 | 177 | 216 | 234 | 37.3% |
| United States | 266 | 177 | 197 | 196 | -9.7% |
| Ukraine | 74.1 | 34.3 | 64.0 | 64.0 | -4.8% |
| Romania | 11.1 | 6.6 | 12.4 | 26.8 | 34.2% |
| Croatia | 42.5 | 32.2 | 25.5 | 16.6 | -26.9% |
| Paraguay | 27.3 | 23.6 | N/A | N/A | -13.6% |
| Others | 33.1 | 35.1 | 42.5 | 103 | 46.0% |
| Total | 765 | 874 | 1,316 | 1,376 | 21.6% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Italy in 2022:
- Brazil (1165.6K tons)
- Canada (394.7K tons)
- United States (321.4K tons)
- Ukraine (98.1K tons)
- Romania (36.2K tons)
- Croatia (22.5K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Italy
In 2022, approx. 19K tons of soya beans; other than seed, whether or not brokens were exported from Italy; dropping by -34.1% against the previous year. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.1% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of 29K tons, and then declined sharply in the following year.
In value terms, exports of soya beans; other than seed, whether or not brokens fell dramatically to $18M in 2022. In general, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 100% against the previous year. As a result, the exports attained the peak of $26M, and then declined markedly in the following year.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.5 | 3.2 | 3.2 | 3.2 | 28.7% |
| France | 2.3 | 0.7 | 2.6 | 3.0 | 9.3% |
| Sweden | 1.0 | 1.3 | 3.6 | 1.9 | 23.9% |
| Hungary | 0.1 | N/A | 2.1 | 1.7 | 157.1% |
| Austria | 0.4 | 1.0 | 3.6 | 1.6 | 58.7% |
| Belgium | 3.9 | 2.2 | 2.3 | 1.6 | -25.7% |
| Germany | 1.3 | 0.9 | 1.0 | 1.3 | 0.0% |
| Switzerland | 1.7 | 2.1 | 1.8 | 1.0 | -16.2% |
| Spain | 0.7 | 0.1 | 0.4 | 0.5 | -10.6% |
| Others | 0.6 | 1.4 | 5.4 | 2.5 | 60.9% |
| Total | 13.4 | 12.9 | 25.8 | 18.5 | 11.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Italy in 2022:
- Hungary (2.9K tons)
- Netherlands (2.6K tons)
- France (2.4K tons)
- Austria (2.4K tons)
- Sweden (2.1K tons)
- Belgium (1.8K tons)
- Germany (1.6K tons)
- Switzerland (0.7K tons)
- Spain (0.5K tons)
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