Price for Soya Beans; Other than Seed, Whether or Not Broken in Ukraine - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (FOB) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $451 per ton in August 2023, rising by 34% against the previous month. Over the last eight months, it increased at an average monthly rate of +2.3%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was the Netherlands ($578 per ton), while the average price for exports to Egypt ($372 per ton) was amongst the lowest.
From December 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+4.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $629 per ton, with a decrease of -18.2% against the previous year. In general, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2021 when the average import price increased by 93%. As a result, import price attained the peak level of $769 per ton, and then fell markedly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($2,361 per ton), while the price for Romania ($379 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens increased by 75% to 2M tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, faced a deep setback.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $865M in 2022. Over the period under review, exports, however, showed a deep downturn.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | 424 | 231 | 169 | 276 | -13.3% |
| Romania | 0.7 | 10.7 | 3.8 | 84.4 | 394.0% |
| Germany | 44.2 | 20.6 | 33.4 | 78.9 | 21.3% |
| Italy | 64.2 | 32.4 | 61.3 | 77.6 | 6.5% |
| Poland | 20.8 | 3.3 | 3.7 | 67.1 | 47.8% |
| Netherlands | 4.3 | 46.7 | 86.1 | 58.0 | 138.0% |
| Egypt | 227 | 32.3 | 27.5 | 31.0 | -48.5% |
| Belarus | 138 | 144 | 121 | 14.7 | -52.6% |
| Lebanon | 52.4 | 31.0 | 5.8 | 12.3 | -38.3% |
| Greece | 55.4 | 41.9 | 20.7 | 11.4 | -41.0% |
| Others | 136 | 96.4 | 88.9 | 154 | 4.2% |
| Total | 1,166 | 690 | 621 | 865 | -9.5% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Ukraine in 2022:
- Turkey (758.5K tons)
- Romania (233.1K tons)
- Italy (168.2K tons)
- Poland (133.7K tons)
- Germany (122.0K tons)
- Netherlands (103.5K tons)
- Egypt (96.5K tons)
- Greece (27.8K tons)
- Lebanon (27.8K tons)
- Belarus (22.7K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine
In 2022, purchases abroad of soya beans; other than seed, whether or not brokens decreased by -3% to 735 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a significant decrease. The growth pace was the most rapid in 2020 when imports increased by 800%. As a result, imports reached the peak of 23K 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 declined significantly to $462K in 2022. Overall, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2020 with an increase of 868%. As a result, imports attained the peak of $9.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Ukraine (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | N/A | 17.4 | N/A | 206 | 244.1% |
| Canada | 94.9 | 46.7 | 136 | 59.4 | -14.5% |
| China | 0.2 | 52.2 | 101 | 51.9 | 537.8% |
| Belarus | 791 | 521 | 275 | 49.6 | -60.3% |
| Romania | N/A | N/A | N/A | 35.9 | 0% |
| Moldova | N/A | N/A | N/A | 31.1 | 0% |
| Serbia | N/A | N/A | N/A | 27.0 | 0% |
| Brazil | N/A | 8,455 | N/A | N/A | 0% |
| Others | 57.4 | 34.3 | 71.8 | 1.0 | -74.1% |
| Total | 943 | 9,126 | 583 | 462 | -21.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Ukraine in 2022:
- Poland (386.9 tons)
- Romania (94.8 tons)
- Belarus (70.3 tons)
- Serbia (66.0 tons)
- Moldova (52.0 tons)
- Canada (42.2 tons)
- China (22.0 tons)
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