Price for Soya Beans; Other than Seed, Whether or Not Broken in Norway - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Norway (CIF) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Norway (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Norway
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Norway
Price for Soya Beans; Other than Seed, Whether or Not Broken in Norway (CIF) - 2024
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $646 per ton, picking up by 2% against the previous month. In general, the import price, however, showed a noticeable decrease. Over the period under review, average import prices attained the peak figure at $948 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,421 per ton), while the price for Brazil stood at $644 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+34.8%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Norway (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $5,013 per ton, shrinking by -62.7% against the previous year. In general, the export price, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by 340%. As a result, the export price reached the peak level of $13,440 per ton, and then contracted sharply in the following year.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From 2015 to 2022, the rate of growth in terms of prices for Sweden amounted to +10.1% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Norway
In 2022, after three years of growth, there was significant decline in purchases abroad of soya beans; other than seed, whether or not brokens, when their volume decreased by -33.1% to 308K tons. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 12% against the previous year. As a result, imports attained the peak of 461K tons, and then contracted sharply in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens shrank notably to $253M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67% against the previous year. As a result, imports reached the peak of $305M, and then reduced sharply in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 146 | 142 | 197 | 204 | 11.8% |
| Canada | 36.4 | 40.4 | 82.4 | 45.9 | 8.0% |
| Romania | N/A | N/A | 25.0 | N/A | 0% |
| Others | 0.6 | 0.7 | 0.8 | 3.4 | 78.3% |
| Total | 183 | 183 | 305 | 253 | 11.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Norway in 2022:
- Brazil (244.0K tons)
- Canada (60.6K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Norway
In 2022, approx. 1.1 tons of soya beans; other than seed, whether or not brokens were exported from Norway; growing by 43% compared with 2021. Over the period under review, exports, however, recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 405% against the previous year. As a result, the exports reached the peak of 47 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 shrank significantly to $5.6K in 2022. In general, exports, however, continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 381%. As a result, the exports attained the peak of $144K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 1.1 | N/A | 0.5 | 5.6 | 72.0% |
| Denmark | 28.8 | 144 | N/A | N/A | 400.0% |
| Others | N/A | 0.2 | 10.0 | N/A | 4900.0% |
| Total | 29.9 | 144 | 10.5 | 5.6 | -42.8% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Norway in 2022:
- Sweden (1.1 tons)
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