Price for Soya Beans; Other than Seed, Whether or Not Broken in Austria - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Austria (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Austria (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Austria
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Austria
Price for Soya Beans; Other than Seed, Whether or Not Broken in Austria (CIF) - 2023
The average import price for soya beans; other than seed, whether or not brokens stood at $566 per ton in September 2023, which is down by -16.5% against the previous month. Overall, the import price showed a perceptible decrease. The pace of growth appeared the most rapid in December 2022 when the average import price increased by 6.9% against the previous month. The import price peaked at $821 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From November 2022 to September 2023, the rate of growth in terms of prices for Ukraine amounted to +2.8% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Austria (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $788 per ton in September 2023, dropping by -26% against the previous month. Over the period under review, the export price showed a mild downturn. The pace of growth was the most pronounced in August 2023 when the average export price increased by 23% month-to-month. As a result, the export price reached the peak level of $1,065 per ton, and then dropped dramatically in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Jordan ($2,249 per ton), while the average price for exports to Switzerland ($1,360 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Austria
In 2022, approx. 153K tons of soya beans; other than seed, whether or not brokens were imported into Austria; increasing by 21% against the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, imports of soya beans; other than seed, whether or not brokens surged to $114M in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +24.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +92.6% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 15.3 | 21.5 | 25.8 | 31.2 | 26.8% |
| Romania | 6.3 | 11.9 | 12.8 | 13.2 | 28.0% |
| Croatia | 6.1 | 0.8 | 7.6 | 12.8 | 28.0% |
| Ukraine | 1.8 | 7.9 | 6.8 | 10.3 | 78.9% |
| Slovakia | 2.7 | 4.5 | 7.3 | 8.4 | 46.0% |
| Italy | 7.5 | 6.9 | 12.5 | 7.7 | 0.9% |
| Germany | 1.8 | 4.1 | 6.6 | 7.1 | 58.0% |
| Slovenia | 2.0 | 2.3 | 2.0 | 5.6 | 40.9% |
| Serbia | 12.2 | 15.6 | 0.9 | 2.8 | -38.8% |
| Others | 3.5 | 1.6 | 3.1 | 14.9 | 62.1% |
| Total | 59.2 | 77.2 | 85.6 | 114 | 24.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Austria in 2022:
- Hungary (44.9K tons)
- Croatia (18.1K tons)
- Romania (14.5K tons)
- Ukraine (14.1K tons)
- Slovakia (12.5K tons)
- Italy (12.2K tons)
- Slovenia (10.1K tons)
- Germany (8.3K tons)
- Serbia (3.4K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Austria
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens decreased by -7.1% to 70K tons, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +5.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. As a result, the exports reached the peak of 78K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soya beans; other than seed, whether or not brokens totaled $63M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 22% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Austria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 21.1 | 28.9 | 37.1 | 38.4 | 22.1% |
| Italy | 2.1 | 4.5 | 2.2 | 4.5 | 28.9% |
| Switzerland | 1.7 | 1.2 | 2.4 | 4.3 | 36.3% |
| Belgium | 3.8 | 4.0 | 2.5 | 4.2 | 3.4% |
| Netherlands | 2.5 | 1.4 | 2.7 | 2.4 | -1.4% |
| Hungary | 0.9 | 1.1 | 2.4 | 1.7 | 23.6% |
| Czech Republic | 1.4 | 1.6 | 1.6 | 1.6 | 4.6% |
| France | 1.5 | 1.4 | 1.7 | 1.6 | 2.2% |
| Slovakia | 1.8 | 1.7 | 2.1 | 1.0 | -17.8% |
| Slovenia | 0.9 | 0.4 | 0.5 | 0.6 | -12.6% |
| Others | 2.4 | 2.6 | 2.7 | 2.6 | 2.7% |
| Total | 40.1 | 48.9 | 58.0 | 63.0 | 16.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Austria in 2022:
- Germany (44.4K tons)
- Italy (7.1K tons)
- Switzerland (3.4K tons)
- Belgium (2.7K tons)
- Hungary (2.3K tons)
- Slovakia (2.3K tons)
- Netherlands (2.0K tons)
- Czech Republic (1.7K tons)
- France (1.3K tons)
- Slovenia (0.9K tons)
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