Price for Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan
Price for Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $684 per ton in 2022, with an increase of 6.3% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 soya beans; other than seed, whether or not brokens increased by +73.7% against 2019 indices. The growth pace was the most rapid in 2021 when the average import price increased by 39%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($739 per ton), while the price for Argentina ($630 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+235.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Azerbaijan skyrocketed to 40K tons, increasing by 22% against 2021 figures. Over the period under review, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 176%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of soya beans; other than seed, whether or not brokens soared to $27M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 283% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Azerbaijan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ukraine | 3.7 | N/A | 11.4 | 17.4 | 67.5% |
Brazil | N/A | 1.4 | 8.7 | 8.9 | 152.1% |
Argentina | N/A | N/A | N/A | 1.1 | 0% |
Russia | 6.3 | 2.4 | N/A | N/A | -61.9% |
Canada | N/A | 1.8 | N/A | N/A | 0% |
Romania | N/A | N/A | 1.1 | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 10.1 | 5.5 | 21.2 | 27.4 | 39.5% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Azerbaijan in 2022:
- Ukraine (26.2K tons)
- Brazil (12.1K tons)
- Argentina (1.7K tons)
This report provides an in-depth analysis of the soya bean market in Azerbaijan.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Azerbaijan.
This report provides an in-depth analysis of the global soya bean market.
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