Price for Flours and Meals; of Soya Beans in the United Arab Emirates - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in the United Arab Emirates (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in the United Arab Emirates (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in the United Arab Emirates
4. Exports of Flours and Meals; of Soya Beans in the United Arab Emirates

Price for Flours and Meals; of Soya Beans in the United Arab Emirates (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,292 per ton in 2022, surging by 37% against the previous year. Overall, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 flours and meals; of soya beanses increased by +77.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 44%. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($3,913 per ton), while the price for Canada ($929 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ethiopia (+93.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $877 per ton, falling by -29.3% against the previous year. Over the period under review, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 66% against the previous year. As a result, the export price reached the peak level of $1,240 per ton, and then dropped significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Qatar ($1,891 per ton), while the average price for exports to Bahrain ($649 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+12.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in the United Arab Emirates

Imports of flours and meals; of soya beanses into the United Arab Emirates surged to 883 tons in 2022, picking up by 95% against the year before. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 124% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of flours and meals; of soya beanses soared to $1.1M in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 177% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Flours and Meals; of Soya Beans to the United Arab Emirates in 2022:

1. India (601.4 tons)
2. United States (176.1 tons)
3. Japan (33.1 tons)
4. Canada (20.8 tons)
5. Singapore (15.0 tons)

Exports of Flours and Meals; of Soya Beans in the United Arab Emirates

In 2022, the amount of flours and meals; of soya beanses exported from the United Arab Emirates skyrocketed to 520 tons, growing by 738% compared with the previous year. Overall, exports saw a significant expansion. 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 $456K in 2022. In general, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flours and Meals; of Soya Beans from the United Arab Emirates in 2022:

1. Nepal (309.2 tons)
2. Bahrain (51.2 tons)
3. Thailand (35.6 tons)
4. Saudi Arabia (34.2 tons)
5. Oman (19.5 tons)
6. Yemen (16.2 tons)
7. Qatar (14.4 tons)

Source: IndexBox Market Intelligence Platform