Price for Soya Beans; Other than Seed, Whether or Not Broken in Japan - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Japan (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Japan (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Japan
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Japan
Price for Soya Beans; Other than Seed, Whether or Not Broken in Japan (CIF) - 2023
The average import price for soya beans; other than seed, whether or not brokens stood at $753 per ton in July 2023, with an increase of 5.6% against the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $784 per ton in November 2022; however, from December 2022 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($921 per ton), while the price for Brazil ($609 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+1.2%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Japan (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $2,776 per ton, with a decrease of -19.6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 111% against the previous year. As a result, the export price reached the peak level of $5,583 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($3,400 per ton), while the average price for exports to Taiwan (Chinese) ($2,010 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 (+66.9%), 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 Japan
Imports of soya beans; other than seed, whether or not brokens into Japan rose remarkably to 3.5M tons in 2022, with an increase of 7.1% on the year before. The total import volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports attained 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 $2.6B in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +18.9% 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 +73.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 39%. Over the period under review, imports of attained the maximum 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 Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,084 | 1,085 | 1,552 | 1,840 | 19.3% |
| Brazil | 215 | 173 | 292 | 434 | 26.4% |
| Canada | 211 | 207 | 206 | 277 | 9.5% |
| Others | 25.0 | 25.5 | 25.3 | 27.4 | 3.1% |
| Total | 1,535 | 1,491 | 2,075 | 2,579 | 18.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Japan in 2022:
- United States (2576.2K tons)
- Brazil (596.6K tons)
- Canada (308.8K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Japan
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 134 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports posted a significant expansion. 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 soared to $373K in 2022. In general, exports showed a resilient 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 Japan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 104 | 117 | 68.0 | 160 | 15.4% |
| Taiwan (Chinese) | 56.5 | 31.5 | 39.0 | 109 | 24.5% |
| Italy | N/A | 7.7 | 6.7 | 56.4 | 170.6% |
| United States | 59.0 | 28.6 | 41.3 | 26.1 | -23.8% |
| Netherlands | N/A | N/A | N/A | 13.3 | 0% |
| Thailand | 13.5 | 11.8 | 2.7 | N/A | -55.3% |
| Canada | 15.1 | 1.9 | N/A | N/A | -87.4% |
| Others | 6.0 | 10.3 | 11.8 | 9.1 | 14.9% |
| Total | 254 | 209 | 169 | 373 | 13.7% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Japan in 2022:
- Taiwan (Chinese) (54.0 tons)
- Hong Kong SAR (47.0 tons)
- Italy (18.0 tons)
- United States (8.5 tons)
- Netherlands (4.3 tons)
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