Price for Flours and Meals; of Soya Beans in Peru - 2022
Contents:
- Price for Flours and Meals; of Soya Beans in Peru (CIF) - 2022
- Price for Flours and Meals; of Soya Beans in Peru (FOB) - 2022
- Imports of Flours and Meals; of Soya Beans in Peru
- Exports of Flours and Meals; of Soya Beans in Peru
Price for Flours and Meals; of Soya Beans in Peru (CIF) - 2022
The average import price for flours and meals; of soya beanses stood at $537 per ton in 2022, growing by 2.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 31% against the previous year. The import price peaked at $544 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Bolivia.
From 2012 to 2022, the rate of growth in terms of prices for Bolivia amounted to +0.0% per year.
Price for Flours and Meals; of Soya Beans in Peru (FOB) - 2022
In 2022, the average export price for flours and meals; of soya beanses amounted to $2,351 per ton, reducing by -5.6% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for flours and meals; of soya beanses decreased by -11.3% against 2019 indices. The growth pace was the most rapid in 2019 an increase of 50% against the previous year. As a result, the export price reached the peak level of $2,651 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($23,000 per ton), while the average price for exports to Chile ($670 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 Spain (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Flours and Meals; of Soya Beans in Peru
In 2022, the amount of flours and meals; of soya beanses imported into Peru rose significantly to 99K tons, surging by 8.8% compared with the previous year's figure. Overall, imports recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 69%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of flours and meals; of soya beanses amounted to $53M in 2022. In general, imports saw significant growth. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Flours and Meals; of Soya Beans in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bolivia | 16.9 | 28.8 | 47.6 | 53.1 | 46.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 16.9 | 28.8 | 47.6 | 53.1 | 46.5% |
Top Suppliers of Flours and Meals; of Soya Beans to Peru in 2022:
- Bolivia (98.9K tons)
Exports of Flours and Meals; of Soya Beans in Peru
Exports of flours and meals; of soya beanses from Peru surged to 11 tons in 2022, jumping by 16% against 2021. In general, exports continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2021 when exports increased by 70% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of flours and meals; of soya beanses expanded remarkably to $26K in 2022. Overall, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +87.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 71% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Flours and Meals; of Soya Beans in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.3 | 12.6 | 14.1 | 12.2 | -9.2% |
| Japan | 0.5 | N/A | N/A | 6.9 | 139.9% |
| Spain | 2.0 | 0.7 | 2.4 | 4.4 | 30.1% |
| Chile | N/A | 0.4 | 0.9 | 1.8 | 112.1% |
| United Kingdom | N/A | N/A | 3.5 | 0.9 | -74.3% |
| Others | 0.1 | 0.3 | 3.3 | 0.2 | 26.0% |
| Total | 18.9 | 14.1 | 24.1 | 26.3 | 11.6% |
Top Export Markets for Flours and Meals; of Soya Beans from Peru in 2022:
- United States (5.3 tons)
- Chile (2.6 tons)
- Spain (2.6 tons)
- United Kingdom (0.4 tons)
- Japan (0.3 tons)
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