Price for Soya Beans; Other than Seed, Whether or Not Broken in France - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in France (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in France (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in France
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in France
Price for Soya Beans; Other than Seed, Whether or Not Broken in France (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $693 per ton in 2022, picking up by 21% against the previous year. Overall, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 +74.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of 37%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($1,232 per ton), while the price for the United States ($617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+26.4%), 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 France (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $617 per ton in September 2023, waning by -17.8% against the previous month. Over the period under review, the export price saw a mild setback. The most prominent rate of growth was recorded in December 2022 an increase of 19% month-to-month. Over the period under review, the average export prices hit record highs at $873 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In September 2023, the country with the highest price was Switzerland ($915 per ton), while the average price for exports to Taiwan (Chinese) stood at $807 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.6%), 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 France
In 2022, purchases abroad of soya beans; other than seed, whether or not brokens decreased by -4.6% to 463K tons, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 3%. As a result, imports reached the peak of 617K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soya beans; other than seed, whether or not brokens soared to $320M in 2022. The total import value increased at an average annual rate of +10.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 71.1 | 99.4 | 132 | 190 | 38.8% |
| Togo | 19.2 | 18.5 | 19.9 | 37.4 | 24.9% |
| United States | 80.3 | 77.6 | 59.1 | 20.5 | -36.6% |
| Ukraine | 13.0 | 10.6 | 15.9 | 19.4 | 14.3% |
| Belgium | 12.6 | 9.9 | 17.9 | 14.1 | 3.8% |
| Canada | 27.0 | 18.8 | 11.7 | 12.0 | -23.7% |
| Benin | 0.2 | 3.3 | 3.6 | 8.9 | 254.4% |
| Others | 14.3 | 18.5 | 16.6 | 18.0 | 8.0% |
| Total | 238 | 257 | 277 | 320 | 10.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to France in 2022:
- Brazil (296.8K tons)
- Togo (44.2K tons)
- United States (33.3K tons)
- Ukraine (25.5K tons)
- Belgium (17.3K tons)
- Canada (15.8K tons)
- Benin (11.0K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in France
Exports of soya beans; other than seed, whether or not brokens from France expanded sharply to 120K tons in 2022, growing by 15% against the year before. Overall, exports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 34% against the previous year. As a result, the exports attained the peak of 179K 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 soared to $94M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.2% 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 +45.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 43% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the near future.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in France (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 23.3 | 29.3 | 26.0 | 28.8 | 7.3% |
| Spain | 22.6 | 26.2 | 17.5 | 26.2 | 5.1% |
| Italy | 3.1 | 10.3 | 11.4 | 20.9 | 88.9% |
| Germany | 4.6 | 6.3 | 4.5 | 5.2 | 4.2% |
| Netherlands | 1.3 | 4.3 | 1.7 | 4.9 | 55.6% |
| Switzerland | 3.3 | 4.3 | 4.2 | 2.7 | -6.5% |
| United Kingdom | 1.6 | 3.7 | 2.0 | 1.0 | -14.5% |
| Thailand | 3.7 | 3.4 | 1.8 | 0.6 | -45.5% |
| Others | 1.4 | 4.9 | 4.2 | 3.7 | 38.3% |
| Total | 64.9 | 92.6 | 73.1 | 94.1 | 13.2% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from France in 2022:
- Belgium (42.2K tons)
- Spain (34.4K tons)
- Italy (20.7K tons)
- Netherlands (6.5K tons)
- Germany (5.8K tons)
- Switzerland (3.4K tons)
- United Kingdom (1.2K tons)
- Thailand (0.8K tons)
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This report provides an in-depth analysis of the soya bean market in France.
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This report provides an in-depth analysis of the soya bean market in France.
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