Price for Flours and Meals; of Soya Beans in Italy - 2023
Contents:
- Price for Flours and Meals; of Soya Beans in Italy (FOB) - 2023
- Price for Flours and Meals; of Soya Beans in Italy (CIF) - 2023
- Exports of Flours and Meals; of Soya Beans in Italy
- Imports of Flours and Meals; of Soya Beans in Italy
Price for Flours and Meals; of Soya Beans in Italy (FOB) - 2023
In September 2023, the average export price for flours and meals; of soya beanses amounted to $609 per ton, with a decrease of -6.5% against the previous month. In general, the export price recorded a slight reduction. The growth pace was the most rapid in January 2023 an increase of 3.8% against the previous month. The export price peaked at $733 per ton in April 2023; however, from May 2023 to September 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Switzerland.
From November 2022 to September 2023, the rate of growth in terms of prices for Austria amounted to -0.4% per month.
Price for Flours and Meals; of Soya Beans in Italy (CIF) - 2023
The average import price for flours and meals; of soya beanses stood at $864 per ton in September 2023, with a decrease of -9.1% against the previous month. Overall, the import price recorded a perceptible reduction. The growth pace was the most rapid in April 2023 an increase of 39% against the previous month. As a result, import price reached the peak level of $1,682 per ton. From May 2023 to September 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Serbia.
From November 2022 to September 2023, the rate of growth in terms of prices for Spain amounted to +2.1% per month.
Exports of Flours and Meals; of Soya Beans in Italy
In 2022, approx. 169K tons of flours and meals; of soya beanses were exported from Italy; rising by 43% on 2021. The total export volume increased at an average annual rate of +10.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of flours and meals; of soya beanses skyrocketed to $119M in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Flours and Meals; of Soya Beans in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 16.9 | 18.5 | 21.0 | 69.2 | 60.0% |
| Austria | 23.7 | 19.6 | 20.1 | 29.9 | 8.1% |
| Germany | 9.7 | 16.5 | 18.8 | 14.5 | 14.3% |
| Hungary | 2.3 | 1.8 | 5.9 | 4.2 | 22.2% |
| Others | 0.9 | 2.5 | 3.2 | 1.6 | 21.1% |
| Total | 53.5 | 58.9 | 69.1 | 119 | 30.5% |
Top Export Markets for Flours and Meals; of Soya Beans from Italy in 2022:
- Switzerland (90.8K tons)
- Austria (49.6K tons)
- Germany (21.2K tons)
- Hungary (5.4K tons)
Imports of Flours and Meals; of Soya Beans in Italy
In 2022, approx. 7K tons of flours and meals; of soya beanses were imported into Italy; waning by -59.5% compared with the year before. Over the period under review, imports recorded a dramatic descent. The smallest decline of -19.2% was in 2021.
In value terms, imports of flours and meals; of soya beanses declined significantly to $5.7M in 2022. In general, imports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year.
| Import of Flours and Meals; of Soya Beans in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 1.4 | 0% |
| Austria | 1.0 | 1.3 | 1.1 | 1.3 | 9.1% |
| Serbia | 0.8 | 1.0 | 1.2 | 1.1 | 11.2% |
| Netherlands | 0.5 | 0.2 | 0.4 | 0.7 | 11.9% |
| Hungary | 0.2 | 3.5 | 6.1 | 0.7 | 51.8% |
| Slovenia | 10.6 | N/A | N/A | 0.2 | -73.4% |
| Slovakia | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 1.1 | 0.1 | 0.2 | -34.1% |
| Total | 13.9 | 7.2 | 9.1 | 5.7 | -25.7% |
Top Suppliers of Flours and Meals; of Soya Beans to Italy in 2022:
- Spain (2680.3 tons)
- Hungary (1422.8 tons)
- Austria (964.0 tons)
- Serbia (847.3 tons)
- Netherlands (490.8 tons)
- Slovenia (352.8 tons)
- Slovakia (106.7 tons)
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