Price for Flours and Meals; of Soya Beans in Uganda - 2022

Contents:

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

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $601 per ton, dropping by -6.2% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.1% 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 increased by +11.0% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of 22%. The export price peaked at $766 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Kenya.

From 2012 to 2022, the rate of growth in terms of prices for South Sudan amounted to +9.6% per year.

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $944 per ton, reducing by -3.1% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +9.9% 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 +22.1% against 2018 indices. The pace of growth appeared the most rapid in 2013 an increase of 113% against the previous year. Over the period under review, average import prices hit record highs at $988 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

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 the United States ($959 per ton), while the price for Kenya amounted to $483 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in Uganda

In 2022, the amount of flours and meals; of soya beanses exported from Uganda soared to 2.9K tons, picking up by 116% against the year before. Over the period under review, exports recorded significant growth. The pace of growth was the most pronounced in 2020 with an increase of 5,055%. As a result, the exports reached the peak of 4.5K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of flours and meals; of soya beanses soared to $1.8M in 2022. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 5,508% against the previous year. As a result, the exports reached the peak of $2.7M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Kenya (2.9K tons)

Imports of Flours and Meals; of Soya Beans in Uganda

In 2022, approx. 123 tons of flours and meals; of soya beanses were imported into Uganda; jumping by 116% compared with 2021 figures. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 228%. As a result, imports reached the peak of 189 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 $116K in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 244%. As a result, imports reached the peak of $177K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (119.3 tons)
2. Kenya (4.0 tons)

Source: IndexBox Market Intelligence Platform