Price for Soya Beans; Seed, Whether or Not Broken in Belgium - 2023

Contents:

  1. Price for Soya Beans; Seed, Whether or Not Broken in Belgium (FOB) - 2022
  2. Price for Soya Beans; Seed, Whether or Not Broken in Belgium (CIF) - 2022
  3. Exports of Soya Beans; Seed, Whether or Not Broken in Belgium
  4. Imports of Soya Beans; Seed, Whether or Not Broken in Belgium

Price for Soya Beans; Seed, Whether or Not Broken in Belgium (FOB) - 2022

The average export price for soya beans; seed, whether or not brokens stood at $8,732 per ton in 2022, rising by 5% against the previous year. In general, the export price enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 when the average export price increased by 133%. Over the period under review, the average export prices reached the peak figure at $9,797 per ton in 2015; however, from 2016 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 Austria ($47,372 per ton), while the average price for exports to the UK ($1,490 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 Austria (+60.6%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Soya Beans; Seed, Whether or Not Broken in Belgium (CIF) - 2022

In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $1,222 per ton, picking up by 127% against the previous year. In general, the import price, however, saw a slight contraction. Over the period under review, average import prices hit record highs at $2,348 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($6,093 per ton), while the price for the Netherlands ($228 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Soya Beans; Seed, Whether or Not Broken in Belgium

In 2022, exports of soya beans; seed, whether or not brokens from Belgium surged to 50 tons, jumping by 35% against the year before. Over the period under review, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 with an increase of 2,008%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of soya beans; seed, whether or not brokens soared to $435K in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 4,804%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Export of Soya Beans; Seed, Whether or Not Broken in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands1.95.6181261416.0%
France1.50.522.3108316.0%
AustriaN/AN/A80.944.7-44.7%
Others0.80.122.121.5199.5%
Total4.26.3307435369.6%

Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Belgium in 2022:

  1. Netherlands (44.8 tons)
  2. France (2.9 tons)
  3. Austria (0.9 tons)

Imports of Soya Beans; Seed, Whether or Not Broken in Belgium

In 2022, approx. 188 tons of soya beans; seed, whether or not brokens were imported into Belgium; with an increase of 44% against the previous year's figure. In general, imports showed a significant increase. The pace of growth was the most pronounced in 2020 when imports increased by 353%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of soya beans; seed, whether or not brokens soared to $230K in 2022. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Soya Beans; Seed, Whether or Not Broken in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChileN/A10.42.5115232.5%
Germany2.9N/A0.486.3209.9%
Netherlands12.658.951.214.85.5%
Others12.64.216.614.65.0%
Total28.173.570.7230101.5%

Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Belgium in 2022:

  1. Germany (99.8 tons)
  2. Netherlands (64.9 tons)
  3. Chile (18.8 tons)

Source: IndexBox Market Intelligence Platform

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