Price for Soya Beans; Other than Seed, Whether or Not Broken in Panama - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Panama (CIF) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Panama
Price for Soya Beans; Other than Seed, Whether or Not Broken in Panama (CIF) - 2023
In June 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $584 per ton, shrinking by -4.7% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 116% m-o-m. The import price peaked at $1,995 per ton in April 2023; however, from May 2023 to June 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From November 2022 to June 2023, 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 Panama
In 2022, after two years of decline, there was significant growth in supplies from abroad of soya beans; other than seed, whether or not brokens, when their volume increased by 20% to 38K tons. In general, imports recorded a relatively flat trend pattern. 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 $24M in 2022. Overall, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. Over the period under review, imports of reached 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 Panama (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 14.1 | 12.5 | 17.5 | 24.2 | 19.7% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 14.1 | 12.5 | 17.5 | 24.2 | 19.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Panama in 2022:
- United States (38.2K tons)
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This report provides an in-depth analysis of the soya bean market in Panama.
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This report provides an in-depth analysis of the global soya bean market.
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This report provides an in-depth analysis of the soya bean market in Panama.
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This report provides an in-depth analysis of the global soya bean market.
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Global demand for soya beans is expected to continue increasing over the next seven years, with market performance forecasted to accelerate and reach 451M tons by 2030. The market value is projected to grow to $278.3B by 2030.
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Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
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In 2021, the average annual soybean price soared by 43% y/y to $583 per ton. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.
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The currently increasing demand for soybeans in biofuel production, animal feed and food products outpaced production growth, resulting in a significant hike in soya prices. Together with expectations of further price growth, it contributes to rising costs of many downstream products and accelerates food inflation. In China, rebuilding pig herds after swine fever outbreaks emerges as a new driver for the global market. Those factors highlight soybeans as an attractive commodity to invest in, leading to robust expansion of crop acreage in the U.S. and Brazil.
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Global Soybean Market: Soybean is widely used both in animal feeding and human consumption, with soyfeed taking the larger part of consumption. For human consumption such products as soy oil, soy milk, soy flour, soy protein, tofu and many retail food
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Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
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From 2008 to 2015, the global soya bean market was roller-coast in physical terms, showing an upward trend, overall. The last wave started from a local low point in 2012 at X million tons. Over the next two years, the market posted solid gains. How
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Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
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The volume of total imports on the global soya bean market in 2015 stood at X million tons. There was an annual increase of +X% for the period from 2008 to 2015. In value terms, imports of soya beans dropped to X billion USD in 2015, which was X
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According to a recently published report by IndexBox Marketing, China is the largest consumer on the soy beanmarket in the world. At the same time, X% of China's total consumption in 2015 accounted for imports. In 2016, according to Oil World data, th
