Price for Soya Beans; Seed, Whether or Not Broken in Sri Lanka - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Sri Lanka (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Sri Lanka (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in Sri Lanka
- Imports of Soya Beans; Seed, Whether or Not Broken in Sri Lanka
Price for Soya Beans; Seed, Whether or Not Broken in Sri Lanka (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $6,402 per ton in 2022, growing by 100% against the previous year. Over the period under review, the export price showed a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($17,580 per ton), while the average price for exports to Singapore ($730 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 Jordan (+26.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Soya Beans; Seed, Whether or Not Broken in Sri Lanka (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $1,154 per ton, increasing by 57% against the previous year. In general, the import price showed a relatively flat trend pattern. 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 China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +33.7% per year.
Exports of Soya Beans; Seed, Whether or Not Broken in Sri Lanka
In 2022, shipments abroad of soya beans; seed, whether or not brokens was finally on the rise to reach 3.6 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a sharp curtailment.
In value terms, exports of soya beans; seed, whether or not brokens skyrocketed to $23K in 2022. Overall, exports showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | N/A | N/A | N/A | 15.1 | 0% |
| United Arab Emirates | 5.8 | 0.6 | 0.7 | 3.3 | -17.1% |
| Qatar | N/A | N/A | N/A | 2.1 | 0% |
| Japan | N/A | N/A | N/A | 1.6 | 0% |
| Oman | N/A | 0.3 | N/A | 0.9 | 73.2% |
| Singapore | N/A | N/A | N/A | 0.1 | 0% |
| Jordan | 12.1 | 6.7 | 2.0 | N/A | -59.3% |
| Others | 0.7 | 0.9 | 0.5 | 0.2 | -34.1% |
| Total | 18.5 | 8.5 | 3.2 | 23.3 | 8.0% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Sri Lanka in 2022:
- Japan (1080.0 kg)
- Saudi Arabia (858.0 kg)
- United Arab Emirates (796.0 kg)
- Qatar (518.0 kg)
- Oman (238.0 kg)
- Singapore (100.0 kg)
Imports of Soya Beans; Seed, Whether or Not Broken in Sri Lanka
After three years of growth, overseas purchases of soya beans; seed, whether or not brokens decreased by -99.9% to 455 kg in 2022. Over the period under review, imports continue to indicate a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports attained the peak of 663 tons, and then reduced remarkably in the following year.
In value terms, imports of soya beans; seed, whether or not brokens shrank markedly to $525 in 2022. Overall, imports recorded a significant decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports reached the peak of $488K, and then declined significantly in the following year.
| Import of Soya Beans; Seed, Whether or Not Broken in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.1 | 0.3 | 0.2 | 0.5 | 71.0% |
| India | 267 | 361 | 242 | N/A | -4.8% |
| United States | N/A | N/A | 245 | N/A | 0% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 268 | 361 | 488 | 0.5 | -87.7% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Sri Lanka in 2022:
- China (455.0 kg)
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