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

Contents:

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

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $5,012 per ton, rising by 2.2% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 151%. The import price peaked in 2022 and is expected to retain growth in the near future.

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 Austria ($39,880 per ton), while the price for India ($1,041 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+42.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $1,329 per ton, reducing by -52.6% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 108% against the previous year. The export price peaked at $3,351 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($6,321 per ton), while the average price for exports to Lao People's Democratic Republic ($1,069 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 Hong Kong SAR (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Thailand

In 2022, supplies from abroad of flours and meals; of soya beanses decreased by -29.6% to 39 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 59% against the previous year. As a result, imports reached the peak of 84 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 fell sharply to $198K in 2022. Overall, imports recorded a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 95%. As a result, imports reached the peak of $412K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (18.0 tons)
2. China (18.0 tons)
3. India (1.8 tons)
4. Japan (1.6 tons)

Exports of Flours and Meals; of Soya Beans in Thailand

In 2022, exports of flours and meals; of soya beanses from Thailand shrank notably to 3.1 tons, with a decrease of -74.9% against the previous year. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year.

In value terms, exports of flours and meals; of soya beanses fell dramatically to $4.1K in 2022. Overall, exports showed a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 33%.

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

1. Lao People's Democratic Republic (2905.0 kg)
2. Japan (88.0 kg)
3. Hong Kong SAR (53.0 kg)

Source: IndexBox Market Intelligence Platform