Price for Soya Beans; Seed, Whether or Not Broken in Thailand - 2024
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Thailand (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Thailand (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Thailand
- Exports of Soya Beans; Seed, Whether or Not Broken in Thailand
Price for Soya Beans; Seed, Whether or Not Broken in Thailand (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $4,558 per ton in 2022, surging by 8.4% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. 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 +249.0% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 223% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
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 -2.2% per year.
Price for Soya Beans; Seed, Whether or Not Broken in Thailand (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $1,025 per ton, leveling off at the previous year. In general, the export price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2016 an increase of 281% against the previous year. The export price peaked at $3,704 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lao People's Democratic Republic ($1,780 per ton), while the average price for exports to Myanmar ($1,017 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 Lao People's Democratic Republic (+8.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Seed, Whether or Not Broken in Thailand
In 2022, imports of soya beans; seed, whether or not brokens into Thailand shrank modestly to 45 tons, reducing by -3.2% on 2021 figures. Overall, imports recorded a precipitous decline. The pace of growth was the most pronounced in 2021 when imports increased by 22%.
In value terms, imports of soya beans; seed, whether or not brokens reached $205K in 2022. In general, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 22%.
| Import of Soya Beans; Seed, Whether or Not Broken in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 223 | 160 | 196 | 205 | -2.8% |
| Myanmar | 22.9 | N/A | N/A | N/A | 0% |
| Others | N/A | 0.2 | N/A | N/A | 0% |
| Total | 246 | 160 | 196 | 205 | -5.9% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Thailand in 2022:
- China (45.0 tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Thailand
In 2022, approx. 90 tons of soya beans; seed, whether or not brokens were exported from Thailand; with an increase of 1,463% compared with 2021. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; seed, whether or not brokens surged to $92K in 2022. Over the period under review, exports saw moderate growth. 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 Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | 5.4 | 89.8 | 1563.0% |
| Cambodia | 78.8 | N/A | N/A | 1.7 | -72.2% |
| Lao People's Democratic Republic | 3.3 | N/A | N/A | 0.2 | -60.7% |
| Others | 0.7 | N/A | 0.5 | 0.3 | -24.6% |
| Total | 82.9 | N/A | 5.9 | 92.0 | 3.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Thailand in 2022:
- Myanmar (88.3 tons)
- Cambodia (1.1 tons)
- Lao People's Democratic Republic (0.1 tons)
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