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

Contents:

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

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

The average export price for flours and meals; of soya beanses stood at $8,706 per ton in 2022, rising by 17% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 122%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($14,053 per ton), while the average price for exports to Latvia ($675 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 Taiwan (Chinese) (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $2,988 per ton, rising by 72% against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 299% against the previous year. Over the period under review, average import prices attained the peak figure at $3,650 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($8,511 per ton), while the price for Lithuania ($2,457 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+18.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Estonia

In 2022, approx. 22 tons of flours and meals; of soya beanses were exported from Estonia; increasing by 43% on the year before. Overall, exports, however, showed a perceptible downturn.

In value terms, exports of flours and meals; of soya beanses soared to $192K in 2022. In general, exports enjoyed a significant expansion. 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 Estonia in 2022:

1. South Korea (7.5 tons)
2. Taiwan (Chinese) (4.2 tons)
3. Finland (3.0 tons)
4. China (3.0 tons)
5. Canada (1.5 tons)
6. Malaysia (1.1 tons)
7. Latvia (1.0 tons)
8. Bangladesh (0.3 tons)

Imports of Flours and Meals; of Soya Beans in Estonia

In 2022, after two years of decline, there was significant growth in purchases abroad of flours and meals; of soya beanses, when their volume increased by 502% to 1.4 tons. Over the period under review, imports, however, continue to indicate a significant contraction.

In value terms, imports of flours and meals; of soya beanses soared to $4.2K in 2022. Overall, imports, however, showed a precipitous decrease.

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

1. Latvia (1160.0 kg)
2. Germany (139.0 kg)
3. Lithuania (70.0 kg)
4. Netherlands (45.0 kg)

Source: IndexBox Market Intelligence Platform