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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $1,732 per ton in 2022, rising by 5.7% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.3% 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 +33.6% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 43% against the previous year. Over the period under review, average import prices hit record highs at $1,927 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($5,681 per ton), while the price for Serbia ($14 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+4.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $5,747 per ton, shrinking by -3.9% against the previous year. Overall, the export price, however, posted a resilient expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 2.3% against the previous year. The export price peaked at $8,334 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($6,333 per ton), while the average price for exports to Germany stood at $5,388 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours and Meals; of Soya Beans in Luxembourg

In 2022, supplies from abroad of flours and meals; of soya beanses decreased by -34.5% to 48 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 168%. As a result, imports reached the peak of 131 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of flours and meals; of soya beanses reduced notably to $83K in 2022. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 201%. As a result, imports attained the peak of $191K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Germany (33.2 tons)
2. Serbia (7.5 tons)
3. Belgium (4.6 tons)
4. Czech Republic (1.3 tons)
5. Austria (0.7 tons)
6. Netherlands (0.4 tons)

Exports of Flours and Meals; of Soya Beans in Luxembourg

In 2022, overseas shipments of flours and meals; of soya beanses decreased by -49% to 79 kg, falling for the second year in a row after two years of growth. In general, exports recorded a precipitous curtailment. The pace of growth was the most pronounced in 2020 with an increase of 108% against the previous year. As a result, the exports reached the peak of 598 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of flours and meals; of soya beanses fell markedly to $454 in 2022. Overall, exports showed a precipitous slump. The pace of growth was the most pronounced in 2020 when exports increased by 112%. As a result, the exports attained the peak of $3.6K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Germany (49.0 kg)
2. France (30.0 kg)

Source: IndexBox Market Intelligence Platform