Price for Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates - 2022

Contents:

  1. Price for Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (CIF) - 2022
  2. Price for Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (FOB) - 2022
  3. Imports of Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates
  4. Exports of Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates

Price for Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $579 per ton, declining by -47.8% against the previous year. In general, the import price, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2021 an increase of 58%. As a result, import price reached the peak level of $1,109 per ton, and then dropped rapidly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($623 per ton), while the price for Argentina ($508 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malawi (+33.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (FOB) - 2022

The average export price for soya beans; other than seed, whether or not brokens stood at $900 per ton in 2022, increasing by 104% against the previous year. In general, the export price continues to indicate a notable expansion. Over the period under review, the average export prices attained the maximum at $944 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($1,583 per ton), while the average price for exports to Togo ($575 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 Myanmar (+39.7%), 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 the United Arab Emirates

In 2022, imports of soya beans; other than seed, whether or not brokens into the United Arab Emirates surged to 137K tons, growing by 759% compared with 2021. Over the period under review, imports posted a significant expansion. 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 soared to $79M in 2022. In general, imports saw a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.16.312.649.3129.1%
ArgentinaN/AN/AN/A24.60%
ParaguayN/A0.20.63.9341.6%
Others0.80.94.51.317.6%
Total4.87.417.679.1154.5%

Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to the United Arab Emirates in 2022:

  1. Brazil (79.1K tons)
  2. Argentina (48.3K tons)
  3. Paraguay (7.2K tons)

Exports of Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates

In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by 99.9% to 42 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2020 when exports increased by 250% against the previous year.

In value terms, exports of soya beans; other than seed, whether or not brokens shrank rapidly to $38K in 2022. In general, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2020 with an increase of 319% against the previous year.

Export of Soya Beans; Other than Seed, Whether or Not Broken in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Yemen0.1N/AN/AN/A0%
HungaryN/A8.0N/AN/A0%
Armenia0.1N/AN/AN/A0%
TogoN/AN/AN/AN/A0%
MauritiusN/A0.10.1N/A0.0%
India55.6233242N/A108.6%
Oman0.20.10.5N/A58.1%
AustraliaN/AN/AN/AN/A0%
Qatar0.20.10.1N/A-29.3%
Others1.50.92.3N/A23.8%
Total57.7242245N/A106.1%

Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from the United Arab Emirates in 2022:

  1. Togo (17.0 tons)
  2. Qatar (8.1 tons)
  3. Oman (4.5 tons)
  4. Mauritius (3.4 tons)
  5. Yemen (3.0 tons)
  6. Australia (2.1 tons)
  7. Armenia (1.7 tons)

Source: IndexBox Market Intelligence Platform

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