Price for Soya Beans; Other than Seed, Whether or Not Broken in Mexico - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Mexico (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Mexico (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Mexico
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Mexico
Price for Soya Beans; Other than Seed, Whether or Not Broken in Mexico (CIF) - 2023
The average import price for soya beans; other than seed, whether or not brokens stood at $612 per ton in August 2023, rising by 7.9% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $634 per ton in March 2023; however, from April 2023 to August 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($613 per ton), while the price for Brazil stood at $609 per ton.
From January 2023 to August 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.5%).
Price for Soya Beans; Other than Seed, Whether or Not Broken in Mexico (FOB) - 2022
In April 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $1,150 per ton, stabilizing at the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure in April 2022.
As there is only one major export destination, the average price level is determined by prices for the United States.
From January 2022 to April 2022, the rate of growth in terms of prices for the United States amounted to +0.8% per month.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Mexico
In 2022, after two years of decline, there was significant decline in purchases abroad of soya beans; other than seed, whether or not brokens, when their volume decreased by -23.5% to 2.5M tons. Over the period under review, imports continue to indicate a deep downturn.
In value terms, imports of soya beans; other than seed, whether or not brokens dropped to $1.6B in 2022. Overall, imports recorded a abrupt curtailment.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Mexico (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.9 | N/A | 1.3 | 1.6 | -5.6% |
| Brazil | N/A | N/A | 0.5 | 0.1 | -80.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.9 | N/A | 1.8 | 1.6 | -5.6% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Mexico in 2022:
- United States (2.3M tons)
- Brazil (0.1M tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Mexico
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -81.3% to 1.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when exports increased by 462%. As a result, the exports reached the peak of 7.6K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soya beans; other than seed, whether or not brokens reduced rapidly to $1.3M in 2022. In general, exports continue to indicate a mild descent. The most prominent rate of growth was recorded in 2020 when exports increased by 254% against the previous year. As a result, the exports attained the peak of $4.7M. 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 Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.3 | 4.7 | 3.9 | 1.3 | 0.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.3 | 4.7 | 3.9 | 1.3 | 0.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Mexico in 2022:
- United States (1.1K tons)
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