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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $1,092 per ton in 2022, increasing by 29% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flours and meals; of soya beanses stood at $855 per ton in 2022, with an increase of 9.6% against the previous year. Overall, the export price showed slight growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by 45%. Over the period under review, the average export prices attained the peak figure at $3,035 per ton in 2014; however, from 2015 to 2022, 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 Jordan.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +22.2% per year.

Imports of Flours and Meals; of Soya Beans in Egypt

In 2022, after three years of growth, there was significant decline in purchases abroad of flours and meals; of soya beanses, when their volume decreased by -78.5% to 301 tons. In general, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 45%.

In value terms, imports of flours and meals; of soya beanses declined markedly to $329K in 2022. Overall, imports faced a sharp descent. The growth pace was the most rapid in 2020 when imports increased by 27%.

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

1. China (170.4 tons)
2. United States (80.0 tons)
3. Austria (50.6 tons)

Exports of Flours and Meals; of Soya Beans in Egypt

In 2022, overseas shipments of flours and meals; of soya beanses decreased by -98.4% to 1.4 tons, falling for the second year in a row after two years of growth. Overall, exports recorded a precipitous slump. The growth pace was the most rapid in 2020 when exports increased by 79%. As a result, the exports attained the peak of 136 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flours and meals; of soya beanses fell significantly to $1.2K in 2022. In general, exports continue to indicate a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 79% against the previous year. As a result, the exports reached the peak of $73K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Jordan (1.4 tons)

Source: IndexBox Market Intelligence Platform