Price for Flours and Meals; of Soya Beans in Bolivia - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Bolivia (FOB) - 2023
2. Price for Flours and Meals; of Soya Beans in Bolivia (CIF) - 2022
3. Exports of Flours and Meals; of Soya Beans in Bolivia
4. Imports of Flours and Meals; of Soya Beans in Bolivia

Price for Flours and Meals; of Soya Beans in Bolivia (FOB) - 2023

The average export price for flours and meals; of soya beanses stood at $479 per ton in July 2023, remaining constant against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 5.8% month-to-month. The export price peaked at $506 per ton in May 2023; however, from June 2023 to July 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 Peru.

From November 2022 to July 2023, the rate of growth in terms of prices for Chile amounted to +4.3% per month.

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,092 per ton, declining by -37.5% against the previous year. Overall, the import price recorded a sharp curtailment. The pace of growth appeared the most rapid in 2014 an increase of 460%. Over the period under review, average import prices reached the peak figure at $14,333 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($1,092 per ton), while the price for the United States stood at $1,091 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-8.8%).

Exports of Flours and Meals; of Soya Beans in Bolivia

In 2022, exports of flours and meals; of soya beanses from Bolivia stood at 102K tons, surging by 11% against the year before. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 78%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of flours and meals; of soya beanses reached $48M in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. Peru (98.3K tons)
2. Chile (3.8K tons)

Imports of Flours and Meals; of Soya Beans in Bolivia

In 2022, approx. 331 tons of flours and meals; of soya beanses were imported into Bolivia; jumping by 88% on the year before. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of flours and meals; of soya beanses surged to $362K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +26.1% 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 +100.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 60% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Brazil (330.5 tons)

Source: IndexBox Market Intelligence Platform