Price for Soya Beans; Other than Seed, Whether or Not Broken in Australia - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Australia (FOB) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Australia (CIF) - 2024
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Australia
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Australia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Australia (FOB) - 2024
The average export price for soya beans; other than seed, whether or not brokens stood at $951 per ton in September 2023, picking up by 11% against the previous month. Over the period from January 2023 to September 2023, it increased at an average monthly rate of +2.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was South Korea ($1,181 per ton), while the average price for exports to Taiwan (Chinese) amounted to $856 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+3.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Australia (CIF) - 2024
The average import price for soya beans; other than seed, whether or not brokens stood at $1,253 per ton in September 2023, picking up by 13% against the previous month. In general, the import price, however, continues to indicate a abrupt setback. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 80% m-o-m. As a result, import price reached the peak level of $4,975 per ton. From March 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($5,486 per ton), while the price for China stood at $1,177 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Australia
In 2022, exports of soya beans; other than seed, whether or not brokens from Australia surged to 8.2K tons, rising by 18% on 2021. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 603% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, exports of soya beans; other than seed, whether or not brokens surged to $7.6M in 2022. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 513% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 187 | 325 | 1,091 | 3,670 | 169.7% |
| Taiwan (Chinese) | 798 | 480 | 2,289 | 2,631 | 48.8% |
| New Caledonia | 2.0 | N/A | 645 | 1,027 | 700.8% |
| New Zealand | N/A | 15.0 | N/A | 222 | 284.7% |
| Malaysia | 12.0 | N/A | 1,589 | N/A | 1050.7% |
| Others | 0.2 | 96.4 | 3.8 | 16.6 | 336.2% |
| Total | 998 | 917 | 5,618 | 7,566 | 96.4% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Australia in 2022:
- South Korea (4.4K tons)
- Taiwan (Chinese) (2.3K tons)
- New Caledonia (1.3K tons)
- New Zealand (0.2K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Australia
In 2022, imports of soya beans; other than seed, whether or not brokens into Australia skyrocketed to 2.8K tons, rising by 20% on 2021 figures. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 45% against the previous year. As a result, imports attained the peak of 4.8K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of soya beans; other than seed, whether or not brokens stood at $3.4M in 2022. Overall, imports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 44% against the previous year. As a result, imports reached the peak of $5.2M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.7 | 2.9 | 2.4 | 2.6 | -1.3% |
| United States | N/A | 0.1 | N/A | 0.6 | 144.9% |
| Austria | 0.3 | 0.6 | 0.2 | N/A | -18.4% |
| Canada | 0.3 | 1.3 | 0.5 | N/A | 29.1% |
| Others | 0.3 | 0.4 | 0.4 | 0.2 | -12.6% |
| Total | 3.6 | 5.2 | 3.4 | 3.4 | -1.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Australia in 2022:
- China (1630.0 tons)
- United States (1100.0 tons)
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