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

Soya Bean Market Size in Eastern Asia

In 2021, the East Asian soya bean market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded 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 Eastern Asia

In value terms, soya bean production fell to $X in 2021 estimated in export prices. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then fell in the following year.

China (X tonnes) constituted the country with the largest volume of soya bean production, accounting for X% of total volume.

In China, soya bean production increased at an average annual rate of +X% over the period from 2012-2021.

The average soya bean yield shrank to X tonnes per ha in 2021, which is down by -X% against 2020 figures. In general, the yield, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the yield increased by X% year-to-year. The level of yield peaked at X tonnes per ha in 2020, and then reduced modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the soya bean harvested area in Eastern Asia amounted to X ha, approximately reflecting 2020. The harvested area increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, the harvested area dedicated to soya bean production attained the maximum in 2021 and is likely to see steady growth in the near future.

Production By Country in Eastern Asia

The country with the largest volume of soya bean production was China (X tonnes), comprising approx. X% of total volume.

From 2012 to 2021, the average annual rate of growth in terms of volume in China stood at +X%.

Soya Bean Exports

Exports in Eastern Asia

In 2021, overseas shipments of soya beans were finally on the rise to reach X tonnes for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, the exports hit record highs at X tonnes in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, soya bean exports skyrocketed to $X in 2021. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in soya bean exports structure, resulting at X tonnes, which was approx. X% of total exports in 2021. It was distantly followed by Hong Kong SAR (X tonnes), committing a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to soya bean exports from China stood at -X%. Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest soya bean supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled -X%.

Export Prices by Country

The soya bean export price in Eastern Asia stood at $X per tonne in 2021, surging by X% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price 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, soya bean export price increased by +X% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of origin: the country with the highest price was China ($X per tonne), while Hong Kong SAR stood at $X per tonne.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+X%).

Soya Bean Imports

Imports in Eastern Asia

After two years of growth, overseas purchases of soya beans decreased by -X% to X tonnes in 2021. Total imports indicated a resilient expansion 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 increased by +X% against 2017 indices. The growth pace was the most rapid in 2015 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2020, and then declined 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% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China prevails in soya bean imports structure, amounting to X tonnes, which was approx. X% of total imports in 2021. The following importers - Japan (X tonnes) and Taiwan (Chinese) (X tonnes) - each finished at a X% share of total imports.

China was also the fastest-growing in terms of the soya beans imports, with a CAGR of +X% from 2012 to 2021. At the same time, Japan (+X%) and Taiwan (Chinese) (+X%) displayed positive paces of growth. China (+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 ($X) constitutes the largest market for imported soya beans in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Japan ($X), with a X% share of total imports.

In China, soya bean imports increased at an average annual rate of +X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+X% per year) and Taiwan (Chinese) (-X% per year).

Import Prices by Country

In 2021, the soya bean import price in Eastern Asia amounted to $X per tonne, growing by X% against the previous year. In general, the import price, however, recorded a mild decrease. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Japan ($X per tonne), while Taiwan (Chinese) ($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 Eastern Asia?
+
China constituted the country with the largest volume of soya bean consumption, accounting for 94% of total volume. It was followed by Japan, with a 2.8% share of total consumption.
What are the largest producers of soya beans in Eastern Asia?
+
China constituted the country with the largest volume of soya bean production, accounting for 97% of total volume.
What are the leading suppliers of soya beans in Eastern Asia?
+
In value terms, China remains the largest soya bean supplier in Eastern Asia, comprising 97% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 2.9% share of total exports.
What are the leading importers of soya beans in Eastern Asia?
+
In value terms, China constitutes the largest market for imported soya beans in Eastern Asia, comprising 94% of total imports. The second position in the ranking was occupied by Japan, with a 3.6% share of total imports.
What is the average export price for soya beans in Eastern Asia?
+
In 2021, the soya bean export price in Eastern Asia amounted to $1,279 per tonne, rising by 42% against the previous year.
What is the average import price for soya beans in Eastern Asia?
+
The soya bean import price in Eastern Asia stood at $552 per tonne in 2021, picking up by 39% against the previous year.

This report provides an in-depth analysis of the soya bean market in Eastern 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 Eastern Asia, split by region and country
• Trade (exports and imports) in Eastern 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

• China
• Hong Kong SAR
• Macao SAR
• Japan
• South Korea
• Taiwan (Chinese)
• 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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