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

Contents:

1. Price for Flours and Meals; of Soya Beans in Slovakia (CIF) - 2023
2. Price for Flours and Meals; of Soya Beans in Slovakia (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Slovakia
4. Exports of Flours and Meals; of Soya Beans in Slovakia

Price for Flours and Meals; of Soya Beans in Slovakia (CIF) - 2023

The average import price for flours and meals; of soya beanses stood at $1,605 per ton in September 2023, which is down by -3.1% against the previous month. Over the last ten months, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices hit record highs at $1,656 per ton in August 2023, and then reduced modestly in the following month.

As there is only one major supplying country, the average price level is determined by prices for Serbia.

From November 2022 to September 2023, the rate of growth in terms of prices for Austria amounted to +5.8% per month.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $625 per ton, shrinking by -49.9% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 88% against the previous year. The export price peaked at $1,268 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($3,286 per ton), while the average price for exports to Italy ($610 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 Austria (+65.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Slovakia

In 2022, purchases abroad of flours and meals; of soya beanses decreased by -16.8% to 1.4K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. As a result, imports attained the peak of 3.3K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $1.7M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.

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

1. Czech Republic (621.6 tons)
2. Serbia (595.1 tons)
3. Austria (150.4 tons)
4. Hungary (9.4 tons)

Exports of Flours and Meals; of Soya Beans in Slovakia

After two years of decline, shipments abroad of flours and meals; of soya beanses increased by 1,388% to 1.1K tons in 2022. Over the period under review, exports recorded a significant increase. As a result, the exports reached 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 $667K in 2022. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Italy (1029.0 tons)
2. Czech Republic (33.8 tons)
3. Hungary (3.8 tons)

Source: IndexBox Market Intelligence Platform