Price for Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh
Price for Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $404 per ton in 2022, reducing by -9.2% against the previous year. In general, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of 23% against the previous year. Over the period under review, average import prices reached the maximum at $670 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($446 per ton), while the price for Paraguay ($179 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-2.4%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $600 per ton, waning by -7.3% against the previous year. In general, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The export price peaked at $1,234 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Saudi Arabia.
From 2012 to 2022, the rate of growth in terms of prices for Nepal amounted to +37.7% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh
In 2022, after three years of growth, there was decline in supplies from abroad of soya beans; other than seed, whether or not brokens, when their volume decreased by -0.6% to 2.3M tons. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 5.3% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens contracted to $943M in 2022. The total import value increased at an average annual rate of +7.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of $1B, and then contracted in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 149 | 235 | 408 | 548 | 54.4% |
| United States | 388 | 478 | 474 | 300 | -8.2% |
| Uruguay | 16.7 | 4.2 | 29.6 | 46.6 | 40.8% |
| Canada | 193 | 118 | 129 | 46.0 | -38.0% |
| Others | 6.2 | 5.2 | 4.4 | 3.2 | -19.8% |
| Total | 754 | 840 | 1,045 | 943 | 7.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Bangladesh in 2022:
- Brazil (1374.0K tons)
- United States (733.8K tons)
- Uruguay (104.8K tons)
- Canada (103.0K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens increased by 13% to 42 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a deep contraction.
In value terms, exports of soya beans; other than seed, whether or not brokens rose slightly to $25K in 2022. Over the period under review, exports, however, showed a dramatic slump.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Saudi Arabia | 3.0 | 7.6 | N/A | 25.2 | 103.3% |
| Germany | 76.2 | N/A | N/A | N/A | 0% |
| Nepal | N/A | 18.8 | 24.2 | N/A | 28.7% |
| Others | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Total | 79.3 | 26.5 | 24.4 | 25.4 | -31.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Bangladesh in 2022:
- Saudi Arabia (41.9 tons)
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