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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $1,057 per ton in 2022, picking up by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Australia ($1,057 per ton) and Austria ($1,057 per ton), while the price for China ($1,057 per ton) and Belgium ($1,057 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+28.4%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flours and meals; of soya beanses stood at $1,092 per ton in 2022, declining by -16.1% against the previous year. Over the period under review, the export price, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2013 an increase of 199%. Over the period under review, the average export prices attained the peak figure at $2,752 per ton in 2017; however, from 2018 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 the United States.

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

Imports of Flours and Meals; of Soya Beans in Vietnam

In 2022, imports of flours and meals; of soya beanses into Vietnam declined sharply to 22 tons, falling by -60.3% on 2021. Over the period under review, imports continue to indicate a significant decline. The smallest decline of -27.6% was in 2021.

In value terms, imports of flours and meals; of soya beanses reduced sharply to $23K in 2022. Overall, imports recorded a dramatic decline. The smallest decline of -20% was in 2021.

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

1. China (9.5 tons)
2. Austria (5.9 tons)
3. Netherlands (3.1 tons)
4. Belgium (1.7 tons)
5. Australia (1.6 tons)

Exports of Flours and Meals; of Soya Beans in Vietnam

After three years of growth, overseas shipments of flours and meals; of soya beanses decreased by -99.9% to 1.7 tons in 2022. Overall, exports showed a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 6,372%. As a result, the exports reached the peak of 2.6K tons, and then declined significantly in the following year.

In value terms, exports of flours and meals; of soya beanses dropped markedly to $1.8K in 2022. Over the period under review, exports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 12,703%. As a result, the exports reached the peak of $3.4M, and then fell rapidly in the following year.

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

1. United States (1.7 tons)

Source: IndexBox Market Intelligence Platform