Price for Soya Beans; Seed, Whether or Not Broken in Vietnam - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Vietnam (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Vietnam (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Vietnam
- Exports of Soya Beans; Seed, Whether or Not Broken in Vietnam
Price for Soya Beans; Seed, Whether or Not Broken in Vietnam (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $4,046 per ton in 2022, picking up by 3.4% against the previous year. Overall, the import price continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 an increase of 589%. The import price peaked at $5,450 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 -0.9% per year.
Price for Soya Beans; Seed, Whether or Not Broken in Vietnam (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $2,290 per ton in 2022, jumping by 84% against the previous year. Overall, the export price recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 an increase of 135% against the previous year. Over the period under review, the average export prices reached the maximum at $4,814 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($4,000 per ton), while the average price for exports to South Korea ($2,091 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+62.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Seed, Whether or Not Broken in Vietnam
In 2022, approx. 56 tons of soya beans; seed, whether or not brokens were imported into Vietnam; growing by 124% against 2021 figures. Over the period under review, imports recorded notable growth. 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 skyrocketed to $227K in 2022. In general, imports continue to indicate a noticeable 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 Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 201 | 58.7 | 97.8 | 227 | 4.1% |
Others | 6.8 | N/A | N/A | N/A | 0% |
Total | 208 | 58.7 | 97.8 | 227 | 3.0% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Vietnam in 2022:
- China (56.0 tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Vietnam
In 2022, exports of soya beans; seed, whether or not brokens from Vietnam surged to 279 kg, rising by 23% against the year before. In general, exports, however, saw a sharp reduction.
In value terms, exports of soya beans; seed, whether or not brokens skyrocketed to $639 in 2022. Overall, exports, however, showed a sharp reduction.
Export of Soya Beans; Seed, Whether or Not Broken in Vietnam (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | N/A | N/A | 0.6 | 0% |
South Korea | N/A | 0.2 | N/A | N/A | 0% |
United States | 51.4 | N/A | N/A | N/A | 0% |
Iceland | 1.0 | N/A | N/A | N/A | 0% |
Lao People's Democratic Republic | 0.3 | 0.9 | 0.1 | N/A | -42.3% |
Others | N/A | N/A | 0.2 | N/A | 0% |
Total | 52.8 | 1.0 | 0.3 | 0.6 | -77.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Vietnam in 2022:
- Canada (258.0 kg)
- South Korea (11.0 kg)
- Iceland (10.0 kg)
This report provides an in-depth analysis of the soya bean market in Vietnam.
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 Vietnam.
This report provides an in-depth analysis of the global soya bean market.
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