Price for Soya Beans; Seed, Whether or Not Broken in Australia - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Australia (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Australia (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in Australia
- Imports of Soya Beans; Seed, Whether or Not Broken in Australia
Price for Soya Beans; Seed, Whether or Not Broken in Australia (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $686 per ton, flattening at the previous year. In general, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of 134% against the previous year. As a result, the export price reached the peak level of $1,534 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($696 per ton), while the average price for exports to Papua New Guinea stood at $559 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-3.1%).
Price for Soya Beans; Seed, Whether or Not Broken in Australia (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $2,355 per ton, jumping by 17% against the previous year. Over the period under review, the import price enjoyed tangible growth. The most prominent rate of growth was recorded in 2016 an increase of 106% against the previous year. As a result, import price reached the peak level of $2,785 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($8,141 per ton), while the price for China amounted to $2,187 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+90.8%).
Exports of Soya Beans; Seed, Whether or Not Broken in Australia
In 2022, the amount of soya beans; seed, whether or not brokens exported from Australia soared to 6K tons, picking up by 361% against 2021. In general, exports posted significant growth. The growth pace was the most rapid in 2021 when exports increased by 2,921%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of soya beans; seed, whether or not brokens surged to $4.1M in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,334%. The exports peaked in 2022 and are likely to see gradual growth in years to come.
| Export of Soya Beans; Seed, Whether or Not Broken in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 84.6 | 20.7 | 681 | 3,874 | 257.8% |
| Papua New Guinea | 23.0 | 1.1 | 60.6 | 254 | 122.7% |
| Others | 20.2 | 4.1 | 147 | 5.0 | -37.2% |
| Total | 128 | 25.9 | 889 | 4,133 | 218.4% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Australia in 2022:
- Malaysia (5.6K tons)
- Papua New Guinea (0.5K tons)
Imports of Soya Beans; Seed, Whether or Not Broken in Australia
In 2022, supplies from abroad of soya beans; seed, whether or not brokens was finally on the rise to reach 8.3 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a sharp reduction.
In value terms, imports of soya beans; seed, whether or not brokens soared to $20K in 2022. Overall, imports, however, recorded a significant decline.
| Import of Soya Beans; Seed, Whether or Not Broken in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 140 | 0.1 | 0.8 | 17.7 | -49.8% |
| Taiwan (Chinese) | N/A | N/A | N/A | 1.9 | 0% |
| Malaysia | 24.6 | N/A | 0.2 | N/A | -91.0% |
| Canada | 610 | 3.6 | N/A | N/A | -99.4% |
| Others | 0.5 | 0.6 | 0.1 | N/A | -55.3% |
| Total | 776 | 4.3 | 1.1 | 19.6 | -70.7% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Australia in 2022:
- China (8.1 tons)
- Taiwan (Chinese) (0.2 tons)
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This report provides an in-depth analysis of the soya bean market in Australia.
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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 Australia.
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This report provides an in-depth analysis of the global soya bean market.
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