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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $358 per ton in 2022, which is down by -2% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by 26% against the previous year. The import price peaked at $778 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to -7.5% per year.

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $2,000 per ton, with a decrease of -5.9% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 6.2% against the previous year. As a result, the export price attained the peak level of $2,125 per ton, and then shrank in the following year.

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

From 2019 to 2022, the rate of growth in terms of prices for Luxembourg amounted to 0.0% per year.

Imports of Flours and Meals; of Soya Beans in Venezuela

Imports of flours and meals; of soya beanses into Venezuela surged to 59K tons in 2022, rising by 30% compared with the year before. Overall, imports showed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 594% against the previous year. As a result, imports attained the peak of 73K 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 surged to $21M in 2022. In general, imports enjoyed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 599%. As a result, imports attained the peak of $26M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. United States (59.1K tons)

Exports of Flours and Meals; of Soya Beans in Venezuela

In 2022, approx. 8 kg of flours and meals; of soya beanses were exported from Venezuela; stabilizing at 2021. Over the period under review, exports showed a relatively flat trend pattern. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of flours and meals; of soya beanses fell to $16 in 2022. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 6.2% against the previous year. As a result, the exports attained the peak of $17, and then fell in the following year.

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

1. Luxembourg (8.0 kg)

Source: IndexBox Market Intelligence Platform