Price for Soya Beans; Other than Seed, Whether or Not Broken in Turkey - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Turkey (CIF) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Turkey (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Turkey
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Turkey
Price for Soya Beans; Other than Seed, Whether or Not Broken in Turkey (CIF) - 2024
The average import price for soya beans; other than seed, whether or not brokens stood at $534 per ton in July 2023, with a decrease of -3.6% against the previous month. Over the period under review, the import price recorded a perceptible curtailment. The growth pace was the most rapid in February 2023 an increase of 0.6% m-o-m. As a result, import price reached the peak level of $605 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Ghana ($755 per ton), while the price for Brazil ($526 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+11.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Turkey (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $808 per ton, picking up by 29% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 33% against the previous year. The export price peaked at $818 per ton in 2012; however, from 2013 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 Italy ($2,900 per ton), while the average price for exports to Cyprus ($661 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 Italy (+32.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Turkey
In 2022, approx. 3M tons of soya beans; other than seed, whether or not brokens were imported into Turkey; increasing by 22% compared with 2021. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $2.1B in 2022. Over the period under review, imports showed significant growth. 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 Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 492 | 820 | 1,067 | 1,411 | 42.1% |
Ukraine | 455 | 279 | 181 | 421 | -2.6% |
United States | N/A | N/A | 130 | 137 | 5.4% |
Uruguay | N/A | 45.6 | 37.5 | 11.3 | -50.2% |
Others | 85.4 | 61.7 | 49.0 | 69.8 | -6.5% |
Total | 1,032 | 1,206 | 1,464 | 2,050 | 25.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Turkey in 2022:
- Brazil (2015.8K tons)
- Ukraine (699.9K tons)
- United States (229.8K tons)
- Uruguay (14.2K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Turkey
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from Turkey expanded markedly to 106K tons, growing by 8.6% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $86M in 2022. Overall, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67%. The exports peaked in 2022 and are expected to retain growth in years to come.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Turkey (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 38.5 | 31.2 | 43.8 | 73.5 | 24.1% |
Georgia | N/A | 0.7 | N/A | 8.4 | 246.4% |
Cyprus | 1.2 | 1.3 | 1.5 | 1.6 | 10.1% |
Spain | N/A | N/A | 3.2 | N/A | 0% |
Greece | 4.0 | N/A | N/A | N/A | 0% |
Azerbaijan | N/A | N/A | 6.4 | N/A | 0% |
Others | 1.7 | 3.6 | 6.4 | 2.6 | 15.2% |
Total | 45.4 | 36.8 | 61.3 | 86.0 | 23.7% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Turkey in 2022:
- United States (88.4K tons)
- Georgia (12.1K tons)
- Cyprus (2.4K tons)
This report provides an in-depth analysis of the soya bean market in Turkey.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Turkey.
This report provides an in-depth analysis of the global soya bean market.
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