
South-Eastern Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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South-Eastern Asia: Soya Bean Market 2022
Soya Bean Market Size in South-Eastern Asia
The Southeast Asian soya bean market rose remarkably to $X in 2021, growing by X% against the previous year. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2021 and is likely to see gradual growth in the immediate term.
Soya Bean Production in South-Eastern Asia
In value terms, soya bean production expanded rapidly to $X in 2021 estimated in export prices. In general, production, however, continues to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of X% year-to-year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.
Indonesia (X tonnes) remains the largest soya bean producing country in South-Eastern Asia, comprising approx. X% of total volume. Moreover, soya bean production in Indonesia exceeded the figures recorded by the second-largest producer, Cambodia (X tonnes), sixfold. Myanmar (X tonnes) ranked third in terms of total production with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume in Indonesia totaled +X%. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Myanmar (-X% per year).
In 2021, the average yield of soya beans in South-Eastern Asia dropped modestly to X tonnes per ha, waning by -X% against the previous year. In general, the yield recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. The level of yield peaked at X tonnes per ha in 2015; however, from 2016 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 South-Eastern Asia rose slightly to X ha, increasing by X% on 2020. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by X% y-o-y. Over the period under review, the harvested area dedicated to soya bean production attained the maximum at X ha in 2018; however, from 2019 to 2021, the harvested area stood at a somewhat lower figure.
Production By Country in South-Eastern Asia
The country with the largest volume of soya bean production was Indonesia (X tonnes), comprising approx. X% of total volume. Moreover, soya bean production in Indonesia exceeded the figures recorded by the second-largest producer, Cambodia (X tonnes), sixfold. Myanmar (X tonnes) ranked third in terms of total production with a X% share.
From 2012 to 2021, the average annual growth rate of volume in Indonesia stood at +X%. In the other countries, the average annual rates were as follows: Cambodia (+X% per year) and Myanmar (-X% per year).
Soya Bean Exports
Exports in South-Eastern Asia
In 2021, after two years of decline, there was significant growth in overseas shipments of soya beans, when their volume increased by X% to X tonnes. Over the period under review, exports, however, showed a deep setback. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tonnes in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.
In value terms, soya bean exports surged to $X in 2021. Overall, exports, however, faced a drastic downturn. The growth pace was the most rapid in 2014 when exports increased by X% y-o-y. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
Exports by Country
Cambodia was the main exporting country with an export of around X tonnes, which accounted for X% of total exports. Singapore (X tonnes) occupied the second position in the ranking, followed by Malaysia (X tonnes) and Indonesia (X tonnes). All these countries together held near X% share of total exports. The following exporters - Thailand (X tonnes) and Vietnam (X tonnes) - each amounted to a X% share of total exports.
From 2012 to 2021, average annual rates of growth with regard to soya bean exports from Cambodia stood at -X%. At the same time, Vietnam (+X%), Indonesia (+X%) and Singapore (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Thailand (-X%) and Malaysia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Cambodia, Singapore, Indonesia and Vietnam increased by +X, +X, +X and +X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, Cambodia ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2021, together accounting for X% of total exports. These countries were followed by Indonesia, Thailand and Vietnam, which together accounted for a further X terms of the main exporting countries, Vietnam, with a CAGR of +X%, recorded 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
In 2021, the soya bean export price in South-Eastern Asia amounted to $X per tonne, picking up by X% against the previous year. In general, the export price, however, showed a pronounced reduction. The level of export peaked at $X per tonne in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Malaysia ($X per tonne), while Indonesia ($X per tonne) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+X%), while the other leaders experienced a decline in the export price figures.
Soya Bean Imports
Imports in South-Eastern Asia
After two years of growth, purchases abroad of soya beans decreased by -X% to X tonnes in 2021. Total imports indicated a noticeable increase 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 2013 indices. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of import peaked at X tonnes in 2020, and then contracted slightly in the following year.
In value terms, soya bean imports soared to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports by Country
In 2021, Thailand (X tonnes) represented the major importer of soya beans, mixing up X% of total imports. It was distantly followed by Indonesia (X tonnes), Vietnam (X tonnes) and Malaysia (X tonnes), together creating a X% share of total imports. The Philippines (X tonnes) followed a long way behind the leaders.
From 2012 to 2021, the biggest increases were in the Philippines (+X%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Thailand ($X) constitutes the largest market for imported soya beans in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by Indonesia ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.
From 2012 to 2021, the average annual growth rate of value in Thailand amounted to +X%. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (-X% per year) and Vietnam (-X% per year).
Import Prices by Country
The soya bean import price in South-Eastern Asia stood at $X per tonne in 2021, increasing by X% against the previous year. Overall, the import price, however, saw a pronounced downturn. The level of import peaked at $X per tonne in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Philippines ($X per tonne) and Thailand ($X per tonne), while Indonesia ($X per tonne) and Vietnam ($X per tonne) were amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (-X%), while the other leaders experienced a decline in the import price figures.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tonnes |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the soya bean market in South-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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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