Price for Soya Beans; Other than Seed, Whether or Not Broken in Brazil - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Brazil (FOB) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Brazil (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Brazil
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Brazil
Price for Soya Beans; Other than Seed, Whether or Not Broken in Brazil (FOB) - 2024
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $516 per ton, rising by 3.2% against the previous month. In general, the export price, however, continues to indicate a slight descent. The export price peaked at $561 per ton in February 2023; however, from March 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In September 2023, the highest price was recorded for prices to Thailand ($530 per ton) and Taiwan (Chinese) ($523 per ton), while the average price for exports to Argentina ($482 per ton) and Vietnam ($499 per ton) were amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.0%), while the prices for the other major destinations experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Brazil (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $483 per ton, picking up by 2.2% against the previous year. In general, the import price, however, saw a slight downturn. The growth pace was the most rapid in 2021 an increase of 38% against the previous year. Over the period under review, average import prices reached the peak figure at $573 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Uruguay ($616 per ton), while the price for Paraguay ($472 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bolivia (+1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Brazil
After three years of growth, overseas shipments of soya beans; other than seed, whether or not brokens decreased by -8.8% to 79M tons in 2022. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 12%.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $46.7B in 2022. In general, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.2% 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 +78.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 35%. Over the period under review, the exports of reached the peak figure 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 Brazil (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.5 | 20.9 | 27.2 | 31.8 | 15.8% |
| Spain | 0.8 | 1.0 | 1.7 | 1.9 | 33.4% |
| Thailand | 0.6 | 0.9 | 1.3 | 1.7 | 41.5% |
| Iran | 0.5 | 0.2 | 0.6 | 1.4 | 40.9% |
| Turkey | 0.4 | 0.7 | 1.0 | 1.1 | 40.1% |
| Netherlands | 0.6 | 1.1 | 1.2 | 1.1 | 22.4% |
| Russia | 0.4 | 0.4 | 0.3 | 0.9 | 31.0% |
| Pakistan | 0.3 | 0.4 | 0.7 | 0.7 | 32.6% |
| Others | 2.2 | 3.0 | 4.8 | 6.0 | 39.7% |
| Total | 26.2 | 28.7 | 38.8 | 46.7 | 21.2% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Brazil in 2022:
- China (53.7M tons)
- Spain (3.3M tons)
- Thailand (2.8M tons)
- Iran (2.3M tons)
- Netherlands (2.0M tons)
- Turkey (1.9M tons)
- Russia (1.6M tons)
- Pakistan (1.2M tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Brazil
In 2022, after three years of growth, there was significant decline in purchases abroad of soya beans; other than seed, whether or not brokens, when their volume decreased by -51.5% to 419K tons. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 470% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens contracted sharply to $202M in 2022. In general, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 506%.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Paraguay | 34.5 | 241 | 375 | 182 | 74.1% |
| Uruguay | 12.0 | 40.0 | 16.7 | 20.3 | 19.2% |
| Others | N/A | 0.9 | 16.6 | 0.4 | -33.3% |
| Total | 46.4 | 282 | 408 | 202 | 63.3% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Brazil in 2022:
- Paraguay (385.1K tons)
- Uruguay (33.0K tons)
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