Report Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
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Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Asia: Soya Bean Market 2022

Soya Bean Market Size in Asia

For the third year in a row, the Asian soya bean market recorded growth in sales value, which increased by X% to $X in 2021. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Soya Bean Production in Asia

In value terms, soya bean production dropped slightly to $X in 2021 estimated in export prices. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% year-to-year. The level of production peaked at $X in 2020, and then declined slightly in the following year.

The countries with the highest volumes of soya bean production in 2021 were China (X tonnes), India (X tonnes) and Indonesia (X tonnes), with a combined X% share of total production.

From 2012 to 2021, the biggest increases were in China (+X%), while soya bean production for the other leaders experienced mixed trends in the production figures.

The average soya bean yield reduced slightly to X tonnes per ha in 2021, flattening at the year before. In general, the yield saw a mild curtailment. The pace of growth was the most pronounced in 2016 when the yield increased by X% against the previous year. The level of yield peaked at X tonnes per ha in 2019; however, from 2020 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the total area harvested in terms of soya beans production in Asia stood at X ha, with an increase of X% against 2020. The harvested area increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure in 2021 and is expected to retain growth in the near future.

Production By Country in Asia

The countries with the highest volumes of soya bean production in 2021 were China (X tonnes), India (X tonnes) and Indonesia (X tonnes), with a combined X% share of total production.

From 2012 to 2021, the most notable rate of growth in terms of soya bean production, amongst the main producing countries, was attained by China (+X%), while soya bean production for the other leaders experienced mixed trends in the production figures.

Soya Bean Exports

Exports in Asia

For the fourth consecutive year, Asia recorded decline in shipments abroad of soya beans, which decreased by -X% to X tonnes in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X% year-to-year. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, soya bean exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of X% year-to-year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X tonnes) and China (X tonnes) were the largest exporters of soya beans in Asia, together recording near X% of total exports. The United Arab Emirates (X tonnes) occupied a X% share (based on tonnes) of total exports, which put it in second place, followed by Kazakhstan (X%), India (X%) and Cambodia (X%). Singapore (X tonnes) occupied a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (+X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2021, with a combined X% share of total exports.

Among the main exporting countries, the United Arab Emirates, with a CAGR of +X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The soya bean export price in Asia stood at $X per tonne in 2021, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per tonne in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per tonne), while Kazakhstan ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the other leaders experienced more modest paces of growth.

Soya Bean Imports

Imports in Asia

In 2021, supplies from abroad of soya beans decreased by -X% to X tonnes for the first time since 2018, thus ending a two-year rising trend. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at X tonnes in 2020, and then dropped in the following year.

In value terms, soya bean imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in soya bean imports structure, resulting at X tonnes, which was near X% of total imports in 2021. Thailand (X tonnes), Japan (X tonnes), Taiwan (Chinese) (X tonnes), Indonesia (X tonnes), Bangladesh (X tonnes) and Vietnam (X tonnes) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to soya bean imports into China stood at +X%. At the same time, Bangladesh (+X%), Thailand (+X%), Vietnam (+X%), Indonesia (+X%), Japan (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Asia, with a CAGR of +X% from 2012-2021. China (+X p.p.) and Bangladesh (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported soya beans in Asia, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Japan (+X% per year).

Import Prices by Country

In 2021, the soya bean import price in Asia amounted to $X per tonne, jumping by X% against the previous year. In general, the import price, however, saw a slight reduction. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per tonne), while Bangladesh ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tonnes

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in Asia?
+
China constituted the country with the largest volume of soya bean consumption, accounting for 76% of total volume. Moreover, soya bean consumption in China exceeded the figures recorded by the second-largest consumer, India, ninefold. Thailand ranked third in terms of total consumption with a 2.6% share.
What are the largest producers of soya beans in Asia?
+
The countries with the highest volumes of soya bean production in 2021 were China, India and Indonesia, together comprising 95% of total production.
What are the leading exporters of soya beans in Asia?
+
In value terms, the largest soya bean supplying countries in Asia were China, Turkey and the United Arab Emirates, together comprising 72% of total exports.
What are the leading importers of soya beans in Asia?
+
In value terms, China constitutes the largest market for imported soya beans in Asia, comprising 83% of total imports. The second position in the ranking was occupied by Thailand, with a 3.5% share of total imports. It was followed by Japan, with a 3.2% share.
What is the average export price for soya beans in Asia?
+
The soya bean export price in Asia stood at $802 per tonne in 2021, growing by 28% against the previous year.
What is the average import price for soya beans in Asia?
+
The soya bean import price in Asia stood at $540 per tonne in 2021, jumping by 35% against the previous year.

This report provides an in-depth analysis of the soya bean market in Asia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• FCL 236 - Soybeans

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Asia, split by region and country
• Trade (exports and imports) in Asia
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Afghanistan
• Armenia
• Azerbaijan
• Bahrain
• Bangladesh
• Bhutan
• Brunei Darussalam
• Cambodia
• China
• Hong Kong SAR
• Macao SAR
• Cyprus
• Georgia
• India
• Indonesia
• Iran
• Iraq
• Israel
• Japan
• Jordan
• Kazakhstan
• Kuwait
• Kyrgyzstan
• Lebanon
• Malaysia
• Maldives
• Mongolia
• Myanmar
• Nepal
• Oman
• Pakistan
• Palestine
• Philippines
• Qatar
• Saudi Arabia
• Singapore
• South Korea
• Sri Lanka
• Syrian Arab Republic
• Taiwan (Chinese)
• Tajikistan
• Thailand
• Timor-Leste
• Turkey
• Turkmenistan
• United Arab Emirates
• Uzbekistan
• Vietnam
• Yemen
• Lao People's Democratic Republic
• Democratic People's Republic of Korea
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption, By Country, 2015–2021
Table 5:
Production, In Physical Terms, By Country, 2007–2021
Table 6:
Harvested Area, By Country, 2007–2021
Table 7:
Yield, By Country, 2007–2021
Table 8:
Imports, In Physical Terms, By Country, 2007–2021
Table 9:
Imports, In Value Terms, By Country, 2007–2021
Table 10:
Import Prices, By Country Of Destination, 2007–2021
Table 11:
Exports, In Physical Terms, By Country, 2007–2021
Table 12:
Exports, In Value Terms, By Country, 2007–2021
Table 13:
Export Prices, By Country Of Origin, 2007–2021
Table 14:
Producer Prices, By Major Producing Country, 2021
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2007–2021
Figure 18:
Production, In Value Terms, 2007–2021
Figure 19:
Area Harvested, 2007–2021
Figure 20:
Yield, 2007–2021
Figure 21:
Production, By Country, 2021
Figure 22:
Production, In Physical Terms, By Country, 2007–2021
Figure 23:
Harvested Area, By Country, 2021
Figure 24:
Harvested Area, By Country, 2007–2021
Figure 25:
Yield, By Country, 2007–2021
Figure 26:
Imports, In Physical Terms, 2007–2021
Figure 27:
Imports, In Value Terms, 2007–2021
Figure 28:
Imports, In Physical Terms, By Country, 2021
Figure 29:
Imports, In Physical Terms, By Country, 2007–2021
Figure 30:
Imports, In Value Terms, By Country, 2007–2021
Figure 31:
Import Prices, By Country, 2007–2021
Figure 32:
Exports, In Physical Terms, 2007–2021
Figure 33:
Exports, In Value Terms, 2007–2021
Figure 34:
Exports, In Physical Terms, By Country, 2021
Figure 35:
Exports, In Physical Terms, By Country, 2007–2021
Figure 36:
Exports, In Value Terms, By Country, 2007–2021
Figure 37:
Export Prices, 2007–2021
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