Price for Soya Beans; Other than Seed, Whether or Not Broken in Iran - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Iran (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Iran (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Iran
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Iran
Price for Soya Beans; Other than Seed, Whether or Not Broken in Iran (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $578 per ton in 2022, which is down by -12.3% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 33% against the previous year. Over the period under review, average import prices attained the maximum at $703 per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Brazil ($694 per ton), while the price for Ukraine ($245 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 Arab Emirates (+3.8%), 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 Iran (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $1,448 per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of 98% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($7,599 per ton), while the average price for exports to Kuwait ($425 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+38.5%), 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 Iran
In 2022, imports of soya beans; other than seed, whether or not brokens into Iran fell modestly to 2.2M tons, waning by -1.8% compared with the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 3.8% against the previous year. As a result, imports attained the peak of 2.2M tons, and then fell modestly in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens fell to $1.3B in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, imports attained the peak of $1.5B, and then fell in the following year.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Iran (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Arab Emirates | 51.8 | 174 | 454 | 388 | 95.7% |
Switzerland | 260 | 80.3 | 377 | 323 | 7.5% |
United Kingdom | 122 | 220 | 142 | 138 | 4.2% |
Turkey | 85.5 | 117 | 157 | 134 | 16.2% |
Netherlands | 304 | 151 | 154 | 126 | -25.4% |
Oman | 16.4 | 21.2 | 68.9 | 58.9 | 53.1% |
Singapore | 16.5 | 52.5 | 56.4 | 48.3 | 43.0% |
Brazil | 27.5 | 192 | 4.8 | 3.9 | -47.9% |
Others | 51.0 | 40.6 | 36.9 | 29.9 | -16.3% |
Total | 934 | 1,048 | 1,452 | 1,250 | 10.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Iran in 2022:
- United Arab Emirates (597.8K tons)
- Switzerland (515.0K tons)
- Netherlands (284.9K tons)
- United Kingdom (275.4K tons)
- Turkey (204.4K tons)
- Singapore (96.8K tons)
- Oman (87.2K tons)
- Brazil (5.6K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Iran
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens decreased by -2% to 49 tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 decreased by -5.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 with an increase of 64%. As a result, the exports reached the peak of 51 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 shrank to $71K in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +19.8% 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 +71.7% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 69%.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Iran (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Afghanistan | 6.3 | 19.6 | 56.0 | 36.2 | 79.1% |
Germany | 0.4 | 0.4 | 1.5 | 16.7 | 246.9% |
Sweden | 7.6 | 11.4 | 7.6 | 10.0 | 9.6% |
Australia | 8.7 | 1.0 | 0.4 | 1.5 | -44.3% |
Netherlands | 0.7 | 2.6 | 1.8 | 1.4 | 26.0% |
Kuwait | 3.1 | 7.6 | 0.3 | 1.4 | -23.3% |
Switzerland | 1.0 | 1.8 | 0.1 | 0.8 | -7.2% |
United Kingdom | N/A | 2.6 | N/A | 0.6 | -52.0% |
Iraq | 2.4 | 2.6 | 1.1 | 0.6 | -37.0% |
Norway | 7.5 | 6.0 | 1.7 | 0.2 | -70.1% |
Others | 3.6 | 13.7 | 1.3 | 1.2 | -30.7% |
Total | 41.1 | 69.3 | 71.9 | 70.6 | 19.8% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Iran in 2022:
- Afghanistan (31.2 tons)
- Germany (8.4 tons)
- Kuwait (3.2 tons)
- Sweden (1.3 tons)
- Netherlands (1.0 tons)
- Switzerland (1.0 tons)
- Australia (0.9 tons)
- Iraq (0.7 tons)
- Norway (0.1 tons)
This report provides an in-depth analysis of the soya bean market in Iran.
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 Iran.
This report provides an in-depth analysis of the global soya bean market.
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