Price for Soya Beans; Seed, Whether or Not Broken in Myanmar - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Myanmar (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Myanmar (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Myanmar
- Exports of Soya Beans; Seed, Whether or Not Broken in Myanmar
Price for Soya Beans; Seed, Whether or Not Broken in Myanmar (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $796 per ton in November 2022, remaining stable against the previous month. In general, the import price showed a mild increase. The pace of growth appeared the most rapid in August 2022 an increase of 1.6% m-o-m. The import price peaked in November 2022.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From December 2021 to November 2022, the rate of growth in terms of prices for the United States amounted to +1.7% per month.
Price for Soya Beans; Seed, Whether or Not Broken in Myanmar (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $423 per ton in 2022, with an increase of 7.3% against the previous year. Overall, the export price, however, recorded a abrupt slump. Over the period under review, the average export prices attained the peak figure at $861 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($601 per ton), while the average price for exports to India ($358 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 Taiwan (Chinese) (+1.6%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Seed, Whether or Not Broken in Myanmar
In 2022, overseas purchases of soya beans; seed, whether or not brokens decreased by -60.1% to 6K tons, falling for the second consecutive year after two years of growth. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 783%. As a result, imports reached the peak of 21K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of soya beans; seed, whether or not brokens contracted rapidly to $4.7M in 2022. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 822%. As a result, imports reached the peak of $8.8M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Soya Beans; Seed, Whether or Not Broken in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.0 | 8.8 | 8.7 | 4.7 | 67.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.0 | 8.8 | 8.7 | 4.7 | 67.5% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Myanmar in 2022:
- United States (6.0K tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Myanmar
Exports of soya beans; seed, whether or not brokens from Myanmar skyrocketed to 5K tons in 2022, with an increase of 1,838% on 2021 figures. Overall, exports enjoyed a buoyant increase.
In value terms, exports of soya beans; seed, whether or not brokens soared to $2.1M in 2022. In general, exports recorded a buoyant increase.
| Export of Soya Beans; Seed, Whether or Not Broken in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 568 | 1,962 | 57.0 | 1,126 | 25.6% |
| China | 795 | 1,452 | 42.2 | 834 | 1.6% |
| Thailand | 15.0 | 641 | 1.6 | 132 | 106.5% |
| Others | 72.5 | 87.7 | 1.3 | 30.4 | -25.2% |
| Total | 1,450 | 4,143 | 102 | 2,122 | 13.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Myanmar in 2022:
- India (3.1K tons)
- China (1.6K tons)
- Thailand (0.2K tons)
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