Eastern Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

Eastern Asia: Soya Bean Market Overview 2019

Soya Bean Market Size in Eastern Asia

The revenue of the soya bean market in Eastern Asia amounted to $X in 2017, increasing by X% against the previous year. The total market indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2008, when it surged by X% against the previous year. The level of soya bean consumption peaked of $X in 2014; however, from 2015 to 2017, it stood at a somewhat lower level.

Soya Bean Production in Eastern Asia

In 2017, production of soya beans in Eastern Asia amounted to X tonnes, jumping by X% against the previous year. The soya bean production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2008, when the output figure increased by X% year-to-year. In that year, the soya bean production attained their peak volume of X tonnes. From 2009 to 2017, growth of the soya bean production failed to regain its momentum. The general positive trend in terms of soya bean output was largely conditioned by a relatively flat trend pattern of the harvested area and a temperate increase in yield figures.

China (X tonnes) constituted the country with the largest volume of soya bean production, accounting for X% of total production. It was followed by Japan (X tonnes), with a X% share of total production. Taiwan, Chinese (X tonnes) ranked third in terms of total production with a X% share.

In China, soya bean production remained relatively stable over the period from 2007-2017. The remaining producing countries recorded the following average annual rates of production growth: Japan (+X% per year) and Taiwan, Chinese (+X% per year).

In 2017, average soya bean yield in Eastern Asia stood at X tonne per ha, approximately reflecting the previous year. The yield figure increased an average annual rate of +X% over the period from 2007 to 2017; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2008, when yield increased by X% year-to-year. Over the period under review, the soya bean yield reached its peak figure level of X tonne per ha in 2011; however, from 2012 to 2017, it failed to regain its momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, soya bean harvested area in Eastern Asia amounted to X ha, growing by X% against the previous year. The soya bean harvested area continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2016, when harvested area increased by X% year-to-year. The figure of soya bean harvested area peaked of X ha in 2009; however, from 2010 to 2017, it failed to regain its momentum.

Soya Bean Exports

Exports in Eastern Asia

In 2017, approx. X tonnes of soya beans were exported in Eastern Asia; shrinking by -X% against the previous year. The soya bean exports continue to indicate a deep deduction. The most prominent rate of growth was recorded in 2012, when it surged by X% year-to-year. The volume of exports peaked of X tonnes in 2008; however, from 2009 to 2017, it failed to regain its momentum.

In value terms, soya bean exports stood at $X in 2017. The soya bean exports continue to indicate an abrupt drop. In that year, the soya bean exports reached their peak level of $X. From 2009 to 2017, growth of the soya bean exports failed to regain its momentum.

Exports by Country

China dominates soya bean exports structure, resulting at X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by China, Hong Kong SAR (X tonnes), generating X% share of total exports.

From 2007 to 2017, average annual rates of growth with regard to soya bean exports from China stood at -X%. China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. China (X%) and China, Hong Kong SAR (X%) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, soya bean exports contracted by an average annual rate of -X% over the period from 2007-2017.

Export Prices by Country

In 2017, the soya bean export price in Eastern Asia amounted to $X per tonne, falling by -X% against the previous year. The export price indicated a prominent growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soya bean export price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008, when it surged by X% year-to-year. Over the period under review, the export prices for soya beans reached its peak figure level of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Average export prices varied somewhat amongst the major exporting countries. In 2017, the country with the highest export price was China ($X per tonne), while China, Hong Kong SAR ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year).

Soya Bean Imports

Imports in Eastern Asia

The imports totaled X tonnes in 2017, picking up by X% against the previous year. The soya bean imports continue to indicate a strong growth. The most prominent rate of growth was recorded in 2010, when imports increased by X% y-o-y. Over the period under review, the soya bean imports reached its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, soya bean imports amounted to $X in 2017. The soya bean imports continue to indicate a strong growth. Over the period under review, the soya bean imports attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Imports by Country

China dominates soya bean imports structure, amounting to X tonnes, which was near X% of total imports in 2017. The following importers - Japan (X tonnes) and Taiwan, Chinese (X tonnes) together made up X% of total imports.

China was also the fastest growing in terms of the soya beans imports, with a CAGR of +X% from 2007 to 2017. Taiwan, Chinese experienced a relatively flat trend pattern. Japan (-X%) illustrated a downward trend over the same period. China (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2017, the average annual growth rate of value in China amounted to +X%. 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

The soya bean import price in Eastern Asia stood at $X per tonne in 2017, jumping by X% against the previous year. The import price indicated a modest increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the soya bean import price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2008, when the import prices increased by X% against the previous year. The level of import price peaked of $X per tonne in 2013; however, from 2014 to 2017, it failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, the country with the highest import price was Japan ($X per tonne), while China ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Taiwan, Chinese (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox AI Platform