Price for Soya Beans; Other than Seed, Whether or Not Broken in Vietnam - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Vietnam (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Vietnam (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam
Price for Soya Beans; Other than Seed, Whether or Not Broken in Vietnam (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $677 per ton in December 2022, which is down by -2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.1%. The most prominent rate of growth was recorded in March 2022 when the average import price increased by 9.8% against the previous month. The import price peaked at $755 per ton in July 2022; however, from August 2022 to December 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the countries with the highest prices were Canada ($740 per ton) and the United States ($689 per ton), while the price for South Africa ($613 per ton) and Brazil ($678 per ton) were amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Brazil (+1.3%), 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 Vietnam (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $634 per ton in 2022, with an increase of 18% against the previous year. Overall, the export price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $1,390 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($634 per ton), while the average price for exports to Germany ($634 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 Cambodia (+0.7%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam
In 2022, after three years of growth, there was significant decline in overseas purchases of soya beans; other than seed, whether or not brokens, when their volume decreased by -9% to 1.8M tons. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 8.9% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens rose rapidly to $1.3B in 2022. In general, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 256 | 287 | 608 | 739 | 42.4% |
| United States | 306 | 396 | 492 | 408 | 10.1% |
| Canada | 68.4 | 50.1 | 52.3 | 66.4 | -1.0% |
| Uruguay | N/A | N/A | N/A | 24.8 | 0% |
| Argentina | 47.0 | 28.5 | 7.1 | 0.4 | -79.6% |
| Others | 8.9 | 10.6 | 22.5 | 35.9 | 59.2% |
| Total | 686 | 772 | 1,182 | 1,275 | 23.0% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Vietnam in 2022:
- Brazil (1062.0K tons)
- United States (594.8K tons)
- Canada (89.5K tons)
- Uruguay (39.3K tons)
- Argentina (0.6K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from Vietnam surged to 4.7K tons, growing by 65% against the year before. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 209%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of soya beans; other than seed, whether or not brokens surged to $3M in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 315% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | N/A | 190 | 1,436 | 2,854 | 287.6% |
| Lao People's Democratic Republic | 53.6 | 65.8 | 63.9 | 69.6 | 9.1% |
| Germany | 672 | 14.2 | 24.3 | 19.1 | -69.5% |
| United States | 51.9 | 58.2 | 9.8 | 17.4 | -30.5% |
| Russia | 595 | N/A | 2.8 | N/A | -93.1% |
| Others | 29.6 | 45.3 | 14.5 | 49.0 | 18.3% |
| Total | 1,402 | 374 | 1,551 | 3,009 | 29.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Vietnam in 2022:
- Cambodia (4504.6 tons)
- Lao People's Democratic Republic (109.9 tons)
- Germany (30.2 tons)
- United States (27.5 tons)
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