Price for Soya Beans; Other than Seed, Whether or Not Broken in Finland - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Finland (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Finland (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Finland
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Finland
Price for Soya Beans; Other than Seed, Whether or Not Broken in Finland (CIF) - 2023
In August 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $614 per ton, reducing by -54.1% against the previous month. Over the period under review, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in January 2023 an increase of 53% against the previous month. Over the period under review, average import prices hit record highs at $1,339 per ton in July 2023, and then shrank markedly in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($2,589 per ton), while the price for the Netherlands ($582 per ton) was amongst the lowest.
From October 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Finland (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $500 per ton, stabilizing at the previous year. In general, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 187% against the previous year. Over the period under review, the average export prices reached the peak figure at $3,329 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($1,000 per ton), while the average price for exports to the Netherlands ($250 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.9%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Finland
After three years of growth, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -5.4% to 25K tons in 2022. In general, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 88%.
In value terms, imports of soya beans; other than seed, whether or not brokens expanded sharply to $18M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +21.0% 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 +77.3% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | N/A | 4.1 | 7.9 | 8.7 | 45.7% |
| Poland | 4.6 | 2.4 | 2.1 | 4.6 | 0.0% |
| United States | 4.2 | 0.2 | 1.8 | 1.7 | -26.0% |
| Austria | 0.2 | 0.1 | 0.9 | 1.4 | 91.3% |
| Canada | 0.4 | 5.7 | 4.1 | 0.5 | 7.7% |
| Others | 0.7 | 0.4 | 0.3 | 1.2 | 19.7% |
| Total | 10.2 | 12.8 | 17.0 | 18.0 | 20.8% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Finland in 2022:
- Netherlands (13.4K tons)
- Poland (6.8K tons)
- United States (2.6K tons)
- Austria (1.7K tons)
- Canada (0.5K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Finland
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by 0% to 6 kg, falling for the second year in a row after two years of growth. In general, exports saw a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 13%. As a result, the exports attained the peak of 9 kg. 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 $3 in 2022. Overall, exports saw a dramatic decline. The smallest decline of -42.9% was in 2020.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Finland (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 1.0 | 1.0 | N/A | 1.0 | 0.0% |
| Estonia | 1.0 | 1.0 | N/A | 1.0 | 0.0% |
| Denmark | N/A | 1.0 | N/A | 1.0 | 0.0% |
| Belgium | N/A | 1.0 | N/A | N/A | 0% |
| Austria | 1.0 | N/A | N/A | N/A | 0% |
| Indonesia | 1.0 | N/A | N/A | N/A | 0% |
| Portugal | 3.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | 4.0 | N/A | 3.0 | -24.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Finland in 2022:
- Netherlands (4.0 kg)
- Denmark (1.0 kg)
- Estonia (1.0 kg)
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