Price for Soya Beans; Seed, Whether or Not Broken in the United States - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in the United States (FOB) - 2023
- Price for Soya Beans; Seed, Whether or Not Broken in the United States (CIF) - 2023
- Exports of Soya Beans; Seed, Whether or Not Broken in the United States
- Imports of Soya Beans; Seed, Whether or Not Broken in the United States
Price for Soya Beans; Seed, Whether or Not Broken in the United States (FOB) - 2023
The average export price for soya beans; seed, whether or not brokens stood at $665 per ton in September 2023, rising by 4.7% against the previous month. Over the period under review, the export price, however, showed a abrupt decline. The most prominent rate of growth was recorded in February 2023 an increase of 15% month-to-month. Over the period under review, the average export prices reached the maximum at $1,193 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($860 per ton), while the average price for exports to Mexico ($535 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+28.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in the United States (CIF) - 2023
The average import price for soya beans; seed, whether or not brokens stood at $749 per ton in September 2023, surging by 3.9% against the previous month. Overall, the import price, however, continues to indicate a perceptible contraction. The growth pace was the most rapid in May 2023 an increase of 56% against the previous month. As a result, import price attained the peak level of $3,817 per ton. From June 2023 to September 2023, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From December 2022 to September 2023, the rate of growth in terms of prices for Argentina amounted to +42.3% per month.
Exports of Soya Beans; Seed, Whether or Not Broken in the United States
Exports of soya beans; seed, whether or not brokens from the United States rose rapidly to 109K tons in 2022, increasing by 6.9% on 2021. The total export volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of soya beans; seed, whether or not brokens surged to $95M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 20.7 | 19.6 | 10.3 | 26.1 | 8.0% |
| Italy | 17.9 | 19.0 | 16.6 | 13.9 | -8.1% |
| Philippines | 1.7 | 6.2 | 10.6 | 9.6 | 78.1% |
| Taiwan (Chinese) | N/A | 0.2 | 9.0 | 7.3 | 504.2% |
| Japan | 0.4 | 1.0 | 3.4 | 6.1 | 148.0% |
| Thailand | 1.0 | 0.2 | 7.1 | 5.7 | 78.6% |
| Malaysia | 0.7 | 1.6 | 8.1 | 5.2 | 95.1% |
| Romania | 4.0 | 9.1 | 3.1 | 4.9 | 7.0% |
| China | N/A | 1.1 | 1.2 | 3.3 | 73.2% |
| Mexico | 10.6 | 1.4 | 1.9 | 3.2 | -32.9% |
| Nepal | 0.7 | N/A | 3.7 | 3.0 | 62.4% |
| Vietnam | 3.1 | 1.3 | 0.8 | 2.5 | -6.9% |
| Others | 3.8 | 4.5 | 4.5 | 4.2 | 3.4% |
| Total | 64.5 | 65.4 | 80.4 | 94.9 | 13.7% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from the United States in 2022:
- Canada (15.7K tons)
- Philippines (14.3K tons)
- Taiwan (Chinese) (12.4K tons)
- Thailand (9.3K tons)
- Malaysia (9.2K tons)
- Mexico (8.6K tons)
- Japan (8.3K tons)
- Italy (7.8K tons)
- China (6.0K tons)
- Nepal (5.3K tons)
- Vietnam (4.1K tons)
- Romania (3.6K tons)
Imports of Soya Beans; Seed, Whether or Not Broken in the United States
In 2022, imports of soya beans; seed, whether or not brokens into the United States shrank rapidly to 15K tons, falling by -46.9% compared with 2021 figures. In general, imports faced a dramatic decrease. The smallest decline of -2.4% was in 2020.
In value terms, imports of soya beans; seed, whether or not brokens contracted remarkably to $31M in 2022. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 10% against the previous year.
| Import of Soya Beans; Seed, Whether or Not Broken in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 15.6 | 14.2 | 17.3 | 12.0 | -8.4% |
| Argentina | 12.4 | 8.2 | 12.8 | 9.3 | -9.1% |
| Uruguay | 7.6 | 10.5 | 6.8 | 4.9 | -13.6% |
| Canada | 10.5 | 7.5 | 7.6 | 4.2 | -26.3% |
| Others | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Total | 46.1 | 40.5 | 44.6 | 30.5 | -12.9% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to the United States in 2022:
- Argentina (4.3K tons)
- Canada (4.1K tons)
- Chile (3.4K tons)
- Uruguay (3.3K tons)
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This report provides an in-depth analysis of the soya bean market in the U.S..
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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 global soya bean market.
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