Price for Flours and Meals; of Soya Beans in Bangladesh - 2022

Contents:

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

Price for Flours and Meals; of Soya Beans in Bangladesh (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $483 per ton in 2022, remaining stable against the previous year. Overall, the import price showed a noticeable decline. The pace of growth appeared the most rapid in 2020 an increase of 16%. The import price peaked at $640 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -2.8% per year.

Price for Flours and Meals; of Soya Beans in Bangladesh (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $1,335 per ton in 2021, increasing by 9.4% against the previous year. Overall, the export price, however, showed a pronounced downturn. The export price peaked at $1,613 per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2017 to 2021, the rate of growth in terms of prices for Singapore amounted to -0.5% per year.

Imports of Flours and Meals; of Soya Beans in Bangladesh

After three years of growth, purchases abroad of flours and meals; of soya beanses decreased by -24.3% to 37K tons in 2022. In general, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 1,729% against the previous year.

In value terms, imports of flours and meals; of soya beanses dropped rapidly to $18M in 2022. Overall, imports, however, saw significant growth. The growth pace was the most rapid in 2020 with an increase of 2,016% against the previous year.

Top Suppliers of Flours and Meals; of Soya Beans to Bangladesh in 2022:

1. United States (36.9K tons)
2. India (0.5K tons)

Exports of Flours and Meals; of Soya Beans in Bangladesh

Exports of flours and meals; of soya beanses from Bangladesh soared to 3.9 tons in 2021, picking up by 24% compared with the previous year. The total export volume increased at an average annual rate of +24.3% over the period from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained 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 $5.2K in 2021. Over the period under review, total exports indicated a significant expansion from 2020 to 2021: its value increased at an average annual rate of +35.9% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Flours and Meals; of Soya Beans from Bangladesh in 2022:

1. Malaysia (3.9 tons)

Source: IndexBox Market Intelligence Platform