Price for Flours and Meals; of Soya Beans in Malaysia - 2024

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $3,730 per ton in 2022, surging by 33% against the previous year. In general, the import price saw a significant increase. The growth pace was the most rapid in 2014 when the average import price increased by 232% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in years to come.

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 Japan ($13,399 per ton), while the price for Vietnam ($528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $908 per ton, reducing by -23% against the previous year. Over the period under review, the export price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2020 when the average export price increased by 84% against the previous year. The export price peaked at $1,179 per ton in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,942 per ton), while the average price for exports to Brunei Darussalam ($648 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 Vietnam (+35.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Malaysia

In 2022, approx. 310 tons of flours and meals; of soya beanses were imported into Malaysia; rising by 25% against 2021 figures. Overall, imports, however, showed a precipitous decline.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $1.2M in 2022. In general, imports, however, showed a deep slump.

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

1. India (114.0 tons)
2. China (91.6 tons)
3. Japan (58.8 tons)
4. Vietnam (24.0 tons)
5. Denmark (13.1 tons)
6. United States (5.7 tons)

Exports of Flours and Meals; of Soya Beans in Malaysia

Exports of flours and meals; of soya beanses from Malaysia soared to 399 tons in 2022, with an increase of 59% on 2021. Overall, exports, however, continue to indicate a precipitous contraction.

In value terms, exports of flours and meals; of soya beanses soared to $362K in 2022. Over the period under review, exports, however, saw a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 45%.

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

1. Brunei Darussalam (350.0 tons)
2. Hong Kong SAR (22.0 tons)
3. Singapore (17.2 tons)

Source: IndexBox Market Intelligence Platform