Price for Soya Beans; Other than Seed, Whether or Not Broken in Ireland - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ireland (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Ireland (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ireland
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ireland
Price for Soya Beans; Other than Seed, Whether or Not Broken in Ireland (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $675 per ton, jumping by 29% against the previous year. Overall, the import price posted temperate growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 38%. The import price peaked at $724 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($758 per ton), while the price for the UK ($239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+28.3%), 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 Ireland (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $781 per ton in 2022, rising by 30% against the previous year. Overall, the export price saw a measured increase. The growth pace was the most rapid in 2014 when the average export price increased by 58% against the previous year. As a result, the export price reached the peak level of $845 per ton. From 2015 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +3.7% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Ireland
Imports of soya beans; other than seed, whether or not brokens into Ireland dropped rapidly to 9.4K tons in 2022, waning by -55.8% against the year before. In general, imports continue to indicate a significant decline. The growth pace was the most rapid in 2021 when imports increased by 224%.
In value terms, imports of soya beans; other than seed, whether or not brokens contracted notably to $6.3M in 2022. Over the period under review, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 308%. As a result, imports attained the peak of $11M, and then dropped remarkably in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | N/A | N/A | 5.5 | 0% |
| United Kingdom | 1.4 | 1.2 | 0.8 | 0.2 | -47.7% |
| Canada | 8.3 | 0.1 | 9.1 | 0.1 | -77.1% |
| Denmark | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.4 | 1.3 | 1.3 | 0.5 | 7.7% |
| Total | 10.0 | 2.7 | 11.1 | 6.3 | -14.3% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Ireland in 2022:
- United States (8.0K tons)
- United Kingdom (0.9K tons)
- Canada (0.2K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Ireland
Exports of soya beans; other than seed, whether or not brokens from Ireland soared to 793 tons in 2022, rising by 285% against 2021 figures. Overall, exports, however, recorded a dramatic decline.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $619K in 2022. Over the period under review, exports, however, continue to indicate a deep reduction.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 816 | 765 | 124 | 619 | -8.8% |
| Others | 1.3 | N/A | N/A | N/A | 0% |
| Total | 818 | 765 | 124 | 619 | -8.9% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Ireland in 2022:
- United Kingdom (793.5 tons)
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