Price for Soya Beans; Other than Seed, Whether or Not Broken in Germany - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Germany (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Germany (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Germany
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Germany
Price for Soya Beans; Other than Seed, Whether or Not Broken in Germany (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $640 per ton in 2022, growing by 18% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soya beans; other than seed, whether or not brokens increased by +67.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($832 per ton), while the price for Paraguay ($488 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Germany (FOB) - 2023
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $821 per ton, growing by 14% against the previous month. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 20% against the previous month. The export price peaked at $973 per ton in July 2023; however, from August 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was Hong Kong SAR ($1,078 per ton), while the average price for exports to Switzerland totaled $852 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Germany
In 2022, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -4.6% to 3.4M tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a noticeable shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 5.4% against the previous year. As a result, imports reached the peak of 3.9M tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of soya beans; other than seed, whether or not brokens rose rapidly to $2.2B in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 925 | 520 | 610 | 952 | 1.0% |
Netherlands | 4.4 | 515 | 609 | 598 | 414.1% |
Brazil | 215 | 306 | 483 | 344 | 17.0% |
Ukraine | 44.1 | 22.0 | 32.6 | 81.5 | 22.7% |
Austria | 24.6 | 46.4 | 49.5 | 64.2 | 37.7% |
Canada | 44.9 | 51.5 | 33.7 | 1.1 | -71.0% |
Others | 143 | 109 | 124 | 154 | 2.5% |
Total | 1,401 | 1,570 | 1,943 | 2,195 | 16.1% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Germany in 2022:
- United States (1513.1K tons)
- Netherlands (957.6K tons)
- Brazil (548.9K tons)
- Ukraine (122.2K tons)
- Austria (81.8K tons)
- Canada (1.4K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Germany
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens increased by 55% to 43K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a drastic downturn.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $35M in 2022. In general, exports recorded a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Germany (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 4.7 | 2.4 | 0.8 | 11.9 | 36.3% |
Poland | 4.6 | 5.8 | 7.8 | 11.1 | 34.1% |
Austria | 1.3 | 2.5 | 3.7 | 3.5 | 39.1% |
Switzerland | 0.9 | 1.2 | 1.9 | 2.5 | 40.6% |
France | 1.3 | 1.5 | 1.3 | 1.4 | 2.5% |
Hungary | 7.6 | 2.9 | 0.1 | 1.2 | -46.0% |
Czech Republic | 1.3 | 0.7 | 0.3 | 0.4 | -32.5% |
Belgium | 4.8 | 0.9 | 0.1 | 0.1 | -72.5% |
United Kingdom | 4.0 | N/A | 0.3 | N/A | -72.6% |
Others | 1.4 | 2.8 | 2.3 | 2.8 | 26.0% |
Total | 32.0 | 20.6 | 18.7 | 35.0 | 3.0% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Germany in 2022:
- Poland (18.2K tons)
- Netherlands (14.0K tons)
- Austria (3.7K tons)
- Switzerland (2.4K tons)
- France (2.0K tons)
- Hungary (0.9K tons)
- Czech Republic (0.7K tons)
- Belgium (0.1K tons)
This report provides an in-depth analysis of the soya bean market in Germany.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Germany.
This report provides an in-depth analysis of the global soya bean market.
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