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

South-Eastern Asia: Soya Bean Market Overview 2019

Soya Bean Market Size in South-Eastern Asia

The revenue of the soya bean market in South-Eastern Asia amounted to $X in 2017, going up 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 pace of growth was the most pronounced in 2008, with an increase of X% year-to-year. The level of soya bean consumption peaked of $X in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Soya Bean Production in South-Eastern Asia

The soya bean production amounted to X tonnes in 2017, going down by -X% against the previous year. The soya bean production continues to indicate a temperate decline. The pace of growth was the most pronounced in 2014, when the output figure increased by X% y-o-y. The volume of soya bean production peaked of X tonnes in 2010; however, from 2011 to 2017, it stood at a somewhat lower level. The general negative trend in terms of soya bean output was largely conditioned by a moderate setback of the harvested area and a slight expansion in yield figures.

Indonesia (X tonnes) constituted the country with the largest volume of soya bean production, comprising approx. X% of total production. Moreover, soya bean production in Indonesia exceeded the figures recorded by the world's second largest producer, Myanmar (X tonnes), threefold. Cambodia (X tonnes) ranked third in terms of total production with a X% share.

From 2007 to 2017, the average annual growth rate of volume in Indonesia was relatively modest. In the other countries, the average annual rates were as follows: Myanmar (-X% per year) and Cambodia (+X% per year).

In 2017, average soya bean yield in South-Eastern Asia totaled X tonne per ha, growing by X% against the previous year. The yield figure increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2014, when yield increased by X% year-to-year. The level of soya bean yield peaked in 2017, and is expected to retain its growth in the near future. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area totaled X ha in 2017, going down by -X% against the previous year. The soya bean harvested area continues to indicate a significant decrease. The pace of growth appeared the most rapid in 2008, with an increase of X% year-to-year. Over the period under review, the harvested area dedicated to soya bean production reached its maximum of X ha in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

Soya Bean Exports

Exports in South-Eastern Asia

In 2017, soya bean exports in South-Eastern Asia stood at X tonnes, shrinking by -X% against the previous year. The soya bean exports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016, when it surged by X% year-to-year. In that year, the soya bean exports attained their peak volume of X tonnes, and then declined slightly in the following year.

In value terms, soya bean exports stood at $X in 2017. The total exports indicated a remarkable increase 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. Based on 2017 figures, the soya bean exports increased by +X% against 2013 indices. Over the period under review, the soya bean exports attained its peak figure level of $X in 2016, and then declined slightly in the following year.

Exports by Country

Malaysia was the key exporter of soya beans in South-Eastern Asia, with the volume of exports reaching X tonnes, which was approx. X% of total exports in 2017. It was distantly followed by Thailand (X tonnes), mixed up X% share of total exports. Myanmar (X tonnes) and Indonesia (X tonnes) followed a long way behind the leaders.

From 2007 to 2017, average annual rates of growth with regard to soya bean exports from Malaysia stood at +X%. At the same time, Myanmar (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest growing exporter in South-Eastern Asia, with a CAGR of +X% from 2007-2017. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. While the share of Indonesia (X%) increased significantly in terms of the global exports from 2007-2017, the share of Myanmar (-X%), Thailand (-X%) and Malaysia (-X%) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest soya bean supplier in South-Eastern Asia, making up X% of global exports. The second position in the ranking was occupied by Thailand ($X), with a X% share of global exports. It was followed by Myanmar, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in Malaysia totaled +X%. In the other countries, the average annual rates were as follows: Thailand (+X% per year) and Myanmar (+X% per year).

Export Prices by Country

The soya bean export price in South-Eastern Asia stood at $X per tonne in 2017, growing by X% against the previous year. The soya bean export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. The level of export price peaked of $X per tonne in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Myanmar ($X per tonne), while Indonesia ($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 Myanmar (+X% per year), while the other leaders experienced mixed trends in the export price figures.

Soya Bean Imports

Imports in South-Eastern Asia

In 2017, approx. X tonnes of soya beans were imported in South-Eastern Asia; rising by X% against the previous year. The total imports indicated a prominent expansion from 2007 to 2017: its volume 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 imports increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2010, when imports increased by X% against the previous year. Over the period under review, the soya bean imports reached its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, soya bean imports totaled $X in 2017. The total imports indicated a strong increase 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 level of imports peaked in 2017, and are likely to see steady growth in the immediate term.

Imports by Country

In 2017, Thailand (X tonnes) and Indonesia (X tonnes) were the key importers of soya beans in the globe, together reaching near X% of total imports. Viet Nam (X tonnes) held a X% share (based on tonnes) of total imports, which put it in second place, followed by Malaysia (X%). The Philippines (X tonnes) held the mild share of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest soya bean markets worldwide were Thailand ($X), Indonesia ($X) and Viet Nam ($X), with a combined X% share of total imports.

In terms of the main importing countries, Indonesia (+X% per year) recorded the highest growth rate of imports, over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The soya bean import price in South-Eastern Asia stood at $X per tonne in 2017, picking up by X% against the previous year. The import price indicated a slight expansion 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 2012 indices. The pace of growth was the most pronounced in 2008, when it surged by X% against the previous year. The level of import price peaked of $X per tonne in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Average import prices varied noticeably amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Indonesia ($X per tonne) and the Philippines ($X per tonne), while Viet Nam ($X per tonne) and Thailand ($X per tonne) were amongst the lowest.

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

Source: IndexBox AI Platform