Price for Flours and Meals; of Soya Beans in New Zealand - 2024
Contents:
- Price for Flours and Meals; of Soya Beans in New Zealand (CIF) - 2022
- Price for Flours and Meals; of Soya Beans in New Zealand (FOB) - 2022
- Imports of Flours and Meals; of Soya Beans in New Zealand
- Exports of Flours and Meals; of Soya Beans in New Zealand
Price for Flours and Meals; of Soya Beans in New Zealand (CIF) - 2022
In 2022, the average import price for flours and meals; of soya beanses amounted to $1,461 per ton, falling by -4.7% against the previous year. Over the period under review, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 +56.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 55%. Over the period under review, average import prices reached the peak figure at $1,533 per ton in 2021, and then fell modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($1,851 per ton), while the price for the Netherlands ($1,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+7.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Flours and Meals; of Soya Beans in New Zealand (FOB) - 2022
In 2022, the average export price for flours and meals; of soya beanses amounted to $2,526 per ton, declining by -13.1% against the previous year. Over the period under review, the export price, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 129%. The export price peaked at $3,505 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
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 Cook Islands ($9,747 per ton), while the average price for exports to Fiji ($1,692 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 Malaysia (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Flours and Meals; of Soya Beans in New Zealand
In 2022, the amount of flours and meals; of soya beanses imported into New Zealand contracted dramatically to 744 tons, declining by -68.1% compared with 2021. Over the period under review, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 88%.
In value terms, imports of flours and meals; of soya beanses shrank markedly to $1.1M in 2022. Overall, imports showed a significant decline. The pace of growth was the most pronounced in 2021 when imports increased by 132% against the previous year.
| Import of Flours and Meals; of Soya Beans in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,378 | 249 | 2,342 | 551 | -49.9% |
| Australia | 955 | 958 | 820 | 330 | -29.8% |
| Netherlands | N/A | 110 | 93.3 | 143 | 14.0% |
| India | 197 | 147 | 265 | 27.9 | -47.9% |
| Others | 68.6 | 74.6 | 53.1 | 35.5 | -19.7% |
| Total | 5,599 | 1,539 | 3,574 | 1,087 | -42.1% |
Top Suppliers of Flours and Meals; of Soya Beans to New Zealand in 2022:
- United States (333.3 tons)
- Australia (265.6 tons)
- Netherlands (122.7 tons)
- India (15.1 tons)
Exports of Flours and Meals; of Soya Beans in New Zealand
In 2022, the amount of flours and meals; of soya beanses exported from New Zealand skyrocketed to 24 tons, increasing by 86% compared with 2021 figures. In general, exports posted slight growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of flours and meals; of soya beanses skyrocketed to $60K in 2022. Over the period under review, total exports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Flours and Meals; of Soya Beans in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 26.7 | 11.8 | 16.9 | 35.8 | 10.3% |
| New Caledonia | 15.2 | 6.0 | 5.2 | 7.7 | -20.3% |
| Cook Islands | 0.8 | 3.9 | 3.7 | 7.3 | 109.0% |
| French Polynesia | 11.9 | 13.2 | 8.1 | 6.7 | -17.4% |
| Fiji | 1.6 | 0.3 | 0.3 | 0.6 | -27.9% |
| Others | 0.8 | 6.0 | 2.8 | 2.0 | 35.7% |
| Total | 57.0 | 41.3 | 37.1 | 60.0 | 1.7% |
Top Export Markets for Flours and Meals; of Soya Beans from New Zealand in 2022:
- Malaysia (20.6 tons)
- New Caledonia (0.9 tons)
- French Polynesia (0.8 tons)
- Cook Islands (0.7 tons)
- Fiji (0.3 tons)
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