Price for Soya Beans; Seed, Whether or Not Broken in Singapore - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Singapore (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Singapore (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Singapore
- Exports of Soya Beans; Seed, Whether or Not Broken in Singapore
Price for Soya Beans; Seed, Whether or Not Broken in Singapore (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $1,865 per ton, growing by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. 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 Canada.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +11.0% per year.
Price for Soya Beans; Seed, Whether or Not Broken in Singapore (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $1,076 per ton, declining by -14.3% against the previous year. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 78%. Over the period under review, the average export prices hit record highs at $2,222 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Seychelles ($1,098 per ton), while the average price for exports to Malaysia stood at $1,066 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Seychelles (+0.9%).
Imports of Soya Beans; Seed, Whether or Not Broken in Singapore
In 2022, imports of soya beans; seed, whether or not brokens into Singapore surged to 100 tons, with an increase of 26% on the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +17.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of soya beans; seed, whether or not brokens soared to $186K in 2022. Overall, imports continue to indicate a significant expansion. 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 Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 47.6 | 67.8 | 134 | 186 | 57.5% |
Myanmar | N/A | 27.5 | N/A | N/A | 0% |
China | 45.5 | 7.0 | N/A | N/A | -84.6% |
Others | N/A | 0.4 | N/A | N/A | 0% |
Total | 93.1 | 103 | 134 | 186 | 25.9% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Singapore in 2022:
- Canada (99.6 tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Singapore
After two years of decline, shipments abroad of soya beans; seed, whether or not brokens increased by 48% to 34 tons in 2022. In general, exports, however, saw a sharp slump.
In value terms, exports of soya beans; seed, whether or not brokens soared to $36K in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 56%.
Export of Soya Beans; Seed, Whether or Not Broken in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 41.6 | 13.0 | 19.0 | 34.7 | -5.9% |
Seychelles | N/A | N/A | N/A | 0.6 | 0% |
France | 1.6 | 1.9 | 0.5 | 0.3 | -42.8% |
Bahrain | 3.5 | 2.5 | N/A | N/A | -28.6% |
Others | 0.9 | 0.9 | 9.1 | 0.7 | -8.0% |
Total | 47.5 | 18.3 | 28.7 | 36.3 | -8.6% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Singapore in 2022:
- Malaysia (32.5 tons)
- Seychelles (0.6 tons)
- France (0.3 tons)
This report provides an in-depth analysis of the soya bean market in Singapore.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Singapore.
This report provides an in-depth analysis of the global soya bean market.
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