Price for Soya Beans; Seed, Whether or Not Broken in Pakistan - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Pakistan (CIF) - 2023
- Price for Soya Beans; Seed, Whether or Not Broken in Pakistan (FOB) - 2023
- Imports of Soya Beans; Seed, Whether or Not Broken in Pakistan
- Exports of Soya Beans; Seed, Whether or Not Broken in Pakistan
Price for Soya Beans; Seed, Whether or Not Broken in Pakistan (CIF) - 2023
In April 2023, the average import price for soya beans; seed, whether or not brokens amounted to $981 per ton, with an increase of 76% against the previous month. Over the period from June 2022 to April 2023, it increased at an average monthly rate of +3.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Brazil.
From June 2022 to April 2023, the rate of growth in terms of prices for Brazil amounted to +4.2% per month.
Price for Soya Beans; Seed, Whether or Not Broken in Pakistan (FOB) - 2023
The average export price for soya beans; seed, whether or not brokens stood at $523 per ton in April 2023, waning by -4.1% against the previous month. Over the period under review, the export price saw a pronounced descent. The growth pace was the most rapid in May 2022 an increase of 452% m-o-m. As a result, the export price attained the peak level of $4,743 per ton. From June 2022 to April 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From April 2022 to April 2023, the rate of growth in terms of prices for Bangladesh amounted to -4.2% per month.
Imports of Soya Beans; Seed, Whether or Not Broken in Pakistan
In 2022, after three years of growth, there was significant decline in overseas purchases of soya beans; seed, whether or not brokens, when their volume decreased by -35% to 1.6M tons. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of 2.5M tons, and then declined remarkably in the following year.
In value terms, imports of soya beans; seed, whether or not brokens contracted significantly to $1B in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +10.0% 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 +33.0% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 62%. As a result, imports attained the peak of $1.4B, and then fell dramatically in the following year.
| Import of Soya Beans; Seed, Whether or Not Broken in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 280 | 464 | 907 | 677 | 34.2% |
| United States | 431 | 337 | 423 | 315 | -9.9% |
| Canada | 38.6 | 35.2 | 30.2 | 0.8 | -72.5% |
| Others | 5.9 | 6.7 | 8.3 | 11.2 | 23.8% |
| Total | 755 | 842 | 1,368 | 1,005 | 10.0% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Pakistan in 2022:
- Brazil (1047.0K tons)
- United States (550.4K tons)
- Canada (1.3K tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Pakistan
For the third consecutive year, Pakistan recorded decline in overseas shipments of soya beans; seed, whether or not brokens, which decreased by 0% to 176 tons in 2022. In general, exports saw a perceptible decline. The smallest decline of -69.5% was in 2020.
In value terms, exports of soya beans; seed, whether or not brokens stood at $123K in 2022. Overall, exports showed a noticeable increase. The smallest decline of -71.8% was in 2020. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Export of Soya Beans; Seed, Whether or Not Broken in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 111 | 23.6 | N/A | 62.7 | -17.3% |
| Sri Lanka | N/A | N/A | N/A | 57.7 | 0% |
| Afghanistan | 0.2 | 4.1 | N/A | 2.3 | 125.7% |
| Qatar | N/A | 3.6 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 111 | 31.2 | N/A | 123 | 3.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Pakistan in 2022:
- Sri Lanka (100.0 tons)
- Japan (70.8 tons)
- Afghanistan (5.3 tons)
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This report provides an in-depth analysis of the soya bean market in Pakistan.
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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 Pakistan.
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This report provides an in-depth analysis of the global soya bean market.
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Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
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