Price for Soya Beans; Seed, Whether or Not Broken in China - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in China (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in China (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in China
- Imports of Soya Beans; Seed, Whether or Not Broken in China
Price for Soya Beans; Seed, Whether or Not Broken in China (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $4,266 per ton, with an increase of 16% against the previous year. Over the period under review, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 73% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Thailand ($4,468 per ton) and Vietnam ($4,152 per ton), while the average price for exports to the United States ($3,000 per ton) and Germany ($3,303 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+215.5%), while the prices for the other major destinations experienced a decline.
Price for Soya Beans; Seed, Whether or Not Broken in China (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $59,747 per ton in 2022, waning by -10.2% against the previous year. Overall, the import price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2015 an increase of 993% against the previous year. As a result, import price reached the peak level of $131,200 per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($107,000 per ton), while the price for Argentina ($37,444 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+200.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Seed, Whether or Not Broken in China
Exports of soya beans; seed, whether or not brokens from China shrank to 97 tons in 2022, waning by -7.1% against the year before. The total export volume increased at an average annual rate of +2.9% 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 40%. As a result, the exports attained the peak of 104 tons, and then dropped in the following year.
In value terms, exports of soya beans; seed, whether or not brokens amounted to $413K in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 38%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 145 | 157 | 190 | 201 | 11.5% |
| Vietnam | 155 | 37.0 | 81.0 | 187 | 6.5% |
| Germany | N/A | N/A | N/A | 9.1 | 0% |
| Japan | N/A | N/A | 1.1 | 7.5 | 581.8% |
| United States | 54.0 | 79.9 | 111 | N/A | 43.4% |
| Others | 0.8 | 5.0 | 0.2 | 8.3 | 118.1% |
| Total | 354 | 279 | 384 | 413 | 5.3% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from China in 2022:
- Vietnam (45.0 tons)
- Thailand (45.0 tons)
- Germany (2.8 tons)
- Japan (2.0 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in China
In 2022, imports of soya beans; seed, whether or not brokens into China reduced dramatically to 83 kg, which is down by -23.1% on 2021 figures. Over the period under review, imports saw a significant decrease. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year.
In value terms, imports of soya beans; seed, whether or not brokens fell significantly to $5K in 2022. In general, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year.
| Import of Soya Beans; Seed, Whether or Not Broken in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | N/A | 3.0 | 3.9 | 2.7 | -5.1% |
| Austria | N/A | N/A | 0.7 | 1.1 | 57.1% |
| Brazil | N/A | N/A | 0.5 | 0.6 | 20.0% |
| Argentina | N/A | 3.7 | N/A | 0.3 | -71.5% |
| Italy | N/A | N/A | N/A | 0.2 | 0% |
| Myanmar | 2.6 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 1.5 | N/A | 0% |
| Others | N/A | N/A | 0.6 | 0.1 | -83.3% |
| Total | 2.6 | 6.7 | 7.2 | 5.0 | 24.4% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to China in 2022:
- Chile (43.0 kg)
- Austria (20.0 kg)
- Argentina (9.0 kg)
- Brazil (8.0 kg)
- Italy (2.0 kg)
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