Price for Soya Beans; Seed, Whether or Not Broken in Malaysia - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Malaysia (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Malaysia (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Malaysia
- Exports of Soya Beans; Seed, Whether or Not Broken in Malaysia
Price for Soya Beans; Seed, Whether or Not Broken in Malaysia (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $712 per ton in 2022, surging by 18% against the previous year. In general, import price indicated a slight expansion from 2013 to 2022: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soya beans; seed, whether or not brokens increased by +76.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 44%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($791 per ton) and Brazil ($709 per ton), while the price for Australia ($699 per ton) and South Africa ($701 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+2.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in Malaysia (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $811 per ton in 2022, increasing by 21% against the previous year. Over the period under review, the export price showed mild growth. The pace of growth was the most pronounced in 2017 an increase of 69% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2013 to 2022, the rate of growth in terms of prices for Pakistan amounted to +98.9% per year.
Imports of Soya Beans; Seed, Whether or Not Broken in Malaysia
In 2022, the amount of soya beans; seed, whether or not brokens imported into Malaysia fell to 320K tons, shrinking by -8.5% on 2021. Overall, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 2.1%.
In value terms, imports of soya beans; seed, whether or not brokens stood at $228M in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +12.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of Soya Beans; Seed, Whether or Not Broken in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 141 | 115 | 143 | 171 | 6.6% |
| Canada | 15.6 | 17.6 | 21.9 | 21.9 | 12.0% |
| South Africa | N/A | N/A | N/A | 16.3 | 0% |
| Brazil | N/A | 0.3 | 0.3 | 13.7 | 575.8% |
| Australia | N/A | N/A | 2.2 | 4.3 | 95.5% |
| Argentina | 1.7 | 7.9 | 43.8 | N/A | 407.6% |
| Others | 0.9 | 2.6 | 0.7 | 0.7 | -8.0% |
| Total | 160 | 144 | 212 | 228 | 12.5% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Malaysia in 2022:
- United States (243.3K tons)
- Canada (27.7K tons)
- South Africa (23.2K tons)
- Brazil (19.3K tons)
- Australia (6.1K tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Malaysia
In 2022, after two years of decline, there was significant growth in shipments abroad of soya beans; seed, whether or not brokens, when their volume increased by 8.7% to 7.9K tons. Over the period under review, exports, however, saw a abrupt decline.
In value terms, exports of soya beans; seed, whether or not brokens soared to $6.4M in 2022. The total export value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.7 | 4.8 | 4.8 | 6.4 | 10.8% |
| Others | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Total | 4.7 | 4.9 | 4.9 | 6.4 | 10.8% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Malaysia in 2022:
- Indonesia (7.8K tons)
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