Price for Soya Beans; Other than Seed, Whether or Not Broken in Sweden - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Sweden (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Sweden (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Sweden
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Sweden
Price for Soya Beans; Other than Seed, Whether or Not Broken in Sweden (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $1,636 per ton, surging by 6.3% against the previous month. Over the period under review, the import price showed a slight expansion. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 163% month-to-month. As a result, import price attained the peak level of $3,619 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to September 2023, the rate of growth in terms of prices for Italy amounted to +7.3% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Sweden (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $3,245 per ton, waning by -1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices hit record highs at $4,269 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($5,188 per ton), while the average price for exports to Hungary ($1,693 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 Germany (+8.3%), 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 Sweden
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Sweden reduced markedly to 18K tons, waning by -26.9% against 2021 figures. In general, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 7.8%.
In value terms, imports of soya beans; other than seed, whether or not brokens fell notably to $24M in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 38%. As a result, imports reached the peak of $29M, and then shrank dramatically in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 4.2 | 6.2 | 12.1 | 9.2 | 29.9% |
| Denmark | 4.0 | 6.4 | 9.1 | 7.6 | 23.9% |
| China | 1.8 | 1.5 | 1.4 | 2.5 | 11.6% |
| Italy | 1.2 | 1.3 | 3.5 | 1.9 | 16.6% |
| Netherlands | 11.5 | 4.3 | 1.6 | 1.4 | -50.4% |
| Germany | 0.7 | 0.3 | 0.5 | 0.6 | -5.0% |
| Others | 0.7 | 0.6 | 0.3 | 0.5 | -10.6% |
| Total | 24.1 | 20.6 | 28.6 | 23.7 | -0.6% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Sweden in 2022:
- Kazakhstan (7.5K tons)
- Denmark (5.7K tons)
- Italy (1.9K tons)
- Netherlands (1.2K tons)
- China (1.1K tons)
- Germany (0.4K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Sweden
In 2022, exports of soya beans; other than seed, whether or not brokens from Sweden skyrocketed to 150 tons, picking up by 56% on the previous year's figure. Over the period under review, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $488K in 2022. In general, exports posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Sweden (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 110 | 94.9 | 180 | 244 | 30.4% |
| France | 22.0 | 10.2 | 8.8 | 80.6 | 54.2% |
| Belgium | N/A | N/A | N/A | 61.2 | 0% |
| Hungary | 34.0 | N/A | 39.2 | 41.4 | 6.8% |
| Norway | 11.7 | 18.6 | 16.8 | 24.4 | 27.8% |
| Finland | 31.5 | 14.2 | 3.2 | 21.2 | -12.4% |
| Germany | 23.8 | 60.3 | 63.6 | 15.1 | -14.1% |
| Spain | 18.5 | N/A | 4.4 | N/A | -51.2% |
| Others | 0.3 | 1.2 | 3.1 | 0.6 | 26.0% |
| Total | 252 | 199 | 319 | 488 | 24.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Sweden in 2022:
- Denmark (69.1 tons)
- Hungary (24.5 tons)
- France (23.2 tons)
- Belgium (17.3 tons)
- Finland (6.9 tons)
- Norway (6.5 tons)
- Germany (2.9 tons)
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This report provides an in-depth analysis of the soya bean market in Sweden.
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This report provides an in-depth analysis of the soya bean market in Sweden.
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