Price for Soya Beans; Seed, Whether or Not Broken in Canada - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Canada (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Canada (FOB) - 2023
- Imports of Soya Beans; Seed, Whether or Not Broken in Canada
- Exports of Soya Beans; Seed, Whether or Not Broken in Canada
Price for Soya Beans; Seed, Whether or Not Broken in Canada (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $944 per ton in 2022, shrinking by -4.1% against the previous year. In general, the import price recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 an increase of 74% against the previous year. The import price peaked at $1,613 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -3.6% per year.
Price for Soya Beans; Seed, Whether or Not Broken in Canada (FOB) - 2023
In September 2023, the average export price for soya beans; seed, whether or not brokens amounted to $835 per ton, almost unchanged from the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 17% against the previous month. Over the period under review, the average export prices reached the maximum at $981 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In September 2023, the countries with the highest prices were Japan ($845 per ton) and Taiwan (Chinese) ($836 per ton), while the average price for exports to South Korea ($743 per ton) and the United States ($784 per ton) were amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+0.8%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Seed, Whether or Not Broken in Canada
In 2022, supplies from abroad of soya beans; seed, whether or not brokens increased by 76% to 26K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, faced a abrupt setback.
In value terms, imports of soya beans; seed, whether or not brokens surged to $24M in 2022. In general, total imports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 20.1 | 19.3 | 13.4 | 23.7 | 5.6% |
| Others | 1.1 | 0.6 | 1.1 | 0.8 | -10.1% |
| Total | 21.2 | 19.9 | 14.5 | 24.4 | 4.8% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Canada in 2022:
- United States (25.5K tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Canada
In 2022, overseas shipments of soya beans; seed, whether or not brokens decreased by -56% to 19K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a sharp slump. The pace of growth was the most pronounced in 2020 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 53K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of soya beans; seed, whether or not brokens fell dramatically to $17M in 2022. Overall, exports saw a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. As a result, the exports reached the peak of $37M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Soya Beans; Seed, Whether or Not Broken in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 19.4 | 24.2 | 22.3 | 7.7 | -26.5% |
| United States | 10.5 | 8.0 | 7.9 | 4.3 | -25.7% |
| Taiwan (Chinese) | 0.3 | 0.5 | 0.3 | 1.3 | 63.0% |
| South Korea | 0.3 | 0.4 | 1.5 | 1.2 | 58.7% |
| Malaysia | 0.1 | 0.1 | 0.8 | 0.7 | 91.3% |
| Philippines | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Hong Kong SAR | 0.2 | N/A | N/A | 0.2 | 0.0% |
| Nepal | N/A | 1.3 | N/A | N/A | 0% |
| Others | 2.2 | 2.6 | 2.4 | 1.2 | -18.3% |
| Total | 33.1 | 37.2 | 35.3 | 16.9 | -20.1% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Canada in 2022:
- Japan (9.6K tons)
- United States (4.1K tons)
- South Korea (1.5K tons)
- Taiwan (Chinese) (1.3K tons)
- Malaysia (0.7K tons)
- Philippines (0.5K tons)
- Hong Kong SAR (0.4K tons)
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This report provides an in-depth analysis of the soya bean market in Canada.
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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 Canada.
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This report provides an in-depth analysis of the global soya bean market.
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Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
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