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China - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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China: Soya Bean Market Overview 2021

Soya Bean Market Size in China

In 2020, the Chinese soya bean market was finally on the rise to reach $X after two years of decline. in general, the total consumption indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when the market value increased by X% y-o-y. Soya bean consumption peaked in 2020 and is likely to see steady growth in the immediate term.

Soya Bean Production in China

In value terms, soya bean production dropped modestly to $X in 2020 estimated in export prices. Overall, the total production indicated a resilient increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 when the production volume increased by X% against the previous year. Soya bean production peaked at $X in 2019, and then reduced in the following year.

In 2020, the average soya bean yield in China expanded slightly to X tonnes per ha, picking up by X% compared with 2019. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, the average soya bean yield attained the maximum level in 2020 and is likely to continue growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2020, the total area harvested in terms of soya beans production in China shrank to X ha, standing approx. at the previous year's figure. Overall, the harvested area continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the harvested area increased by X% y-o-y. The soya bean harvested area peaked at X ha in 2009; however, from 2010 to 2020, the harvested area failed to regain the momentum.

Soya Bean Exports

Exports from China

In 2020, the amount of soya beans exported from China dropped significantly to X tonnes, waning by -X% against the year before. in general, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2012 when exports increased by X% year-to-year. Over the period under review, exports reached the peak figure at X tonnes in 2008; however, from 2009 to 2020, exports failed to regain the momentum.

In value terms, soya bean exports plummeted to $X in 2020. Over the period under review, exports saw a deep contraction. The pace of growth was the most pronounced in 2008 with an increase of X% year-to-year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

South Korea (X tonnes), Japan (X tonnes) and Viet Nam (X tonnes) were the main destinations of soya bean exports from China, with a combined X% share of total exports. The Netherlands, Hong Kong SAR, Australia and the U.S. lagged somewhat behind, together comprising a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia, while exports for the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Japan ($X) and Hong Kong SAR ($X) were the largest markets for soya bean exported from China worldwide, with a combined X% share of total exports. Viet Nam, the Netherlands, the U.S. and Australia lagged somewhat behind, together comprising a further X recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average soya bean export price stood at $X per tonne in 2020, rising by X% against the previous year. Overall, export price indicated a strong expansion from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, soya bean export price increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. Over the period under review, average export prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was South Korea ($X per tonne), while the average price for exports to Viet Nam ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to South Korea, while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into China

In 2020, approx. X tonnes of soya beans were imported into China; growing by X% on 2019 figures. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, soya bean imports rose sharply to $X in 2020. in general, imports posted a remarkable increase. The pace of growth was the most pronounced in 2008 when imports increased by X% y-o-y. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Brazil (X tonnes) constituted the largest soya bean supplier to China, with a X% share of total imports. Moreover, soya bean imports from Brazil exceeded the figures recorded by the second-largest supplier, the U.S. (X tonnes), twofold. The third position in this ranking was occupied by Argentina (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Brazil totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Argentina (-X% per year).

In value terms, Brazil ($X) constituted the largest supplier of soya bean to China, comprising X% of total imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Brazil stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and Argentina (-X% per year).

Import Prices by Country

The average soya bean import price stood at $X per tonne in 2020, leveling off at the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Average prices varied noticeably amongst the major supplying countries. in 2020, the countries with the highest prices were the U.S. ($X per tonne) and Uruguay ($X per tonne), while the price for Brazil ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?
+
China (116M tonnes) remains the largest soya bean consuming country worldwide, accounting for 34% of total volume. Moreover, soya bean consumption in China exceeded the figures recorded by the second-largest consumer, Argentina (55M tonnes), twofold. The third position in this ranking was occupied by Brazil (39M tonnes), with a 11% share.
What are the largest producers of soya beans in the world?
+
The countries with the highest volumes of soya bean production in 2020 were Brazil (121M tonnes), the U.S. (99M tonnes) and Argentina (56M tonnes), with a combined 80% share of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further 13%.
What are the leading suppliers of soya beans to China?
+
In value terms, Brazil ($24.9B) constituted the largest supplier of soya bean to China, comprising 63% of total imports. The second position in the ranking was occupied by the U.S. ($10.6B), with a 27% share of total imports. It was followed by Argentina, with a 7.3% share.
What are the leading importers of soya beans from China?
+
In value terms, the largest markets for soya bean exported from China were South Korea ($37M), Japan ($20M) and Hong Kong SAR ($2.2M), with a combined 83% share of total exports. These countries were followed by Viet Nam, the Netherlands, the U.S. and Australia, which together accounted for a further 9.5%.
What is the average export price for soya beans in China?
+
The average soya bean export price stood at $848 per tonne in 2020, surging by 5.7% against the previous year.
What is the average import price for soya beans in China?
+
The average soya bean import price stood at $394 per tonne in 2020, flattening at the previous year.

Product coverage:
• FCL 236 - Soybeans

This report provides an in-depth analysis of the soya bean market in China. 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 2025.


Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in China
• 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
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
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, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
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

LIST OF TABLES
Table 1:
Key Findings in 2020
Table 2:
Market Volume, in Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption in 2007–2020
Table 5:
Imports, in Physical Terms, by Country, 2007–2020
Table 6:
Imports, in Value Terms, by Country, 2007–2020
Table 7:
Import Prices, by Country of Origin, 2007–2020
Table 8:
Exports, in Physical Terms, by Country, 2007–2020
Table 9:
Exports, in Value Terms, by Country, 2007–2020
Table 10:
Export Prices, by Country of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, in Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, in Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, in Value Terms, 2007–2020
Figure 5:
Trade Balance, in Physical Terms, 2007–2020
Figure 6:
Trade Balance, in Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast to 2030
Figure 9:
Products: Market Size and Growth, by Type
Figure 10:
Products: Average Per Capita Consumption, by Type
Figure 11:
Products: Exports and Growth, by Type
Figure 12:
Products: Export Prices and Growth, by Type
Figure 13:
Production Volume and Growth
Figure 14:
Yield and Growth
Figure 15:
Exports and Growth
Figure 16:
Export Prices and Growth
Figure 17:
Market Size and Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports and Growth
Figure 20:
Import Prices
Figure 21:
Production, in Physical Terms, 2007–2020
Figure 22:
Production, in Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, in Physical Terms, 2007–2020
Figure 26:
Imports, in Value Terms, 2007–2020
Figure 27:
Imports, in Physical Terms, by Country, 2020
Figure 28:
Imports, in Physical Terms, by Country, 2007–2020
Figure 29:
Imports, in Value Terms, by Country, 2007–2020
Figure 30:
Import Prices, by Country of Origin, 2007–2020
Figure 31:
Exports, in Physical Terms, 2007–2020
Figure 32:
Exports, in Value Terms, 2007–2020
Figure 33:
Exports, in Physical Terms, by Country, 2020
Figure 34:
Exports, in Physical Terms, by Country, 2007–2020
Figure 35:
Exports, in Value Terms, by Country, 2007–2020
Figure 36:
Export Prices, by Country of Destination, 2007–2020
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