Price for Soya Beans; Other than Seed, Whether or Not Broken in Lithuania - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (FOB) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania
Price for Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $1,054 per ton, increasing by 30% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($2,807 per ton), while the average price for exports to Germany ($1,033 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 Poland (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $959 per ton, growing by 26% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.3% 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 +77.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs 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 Latvia ($3,024 per ton), while the price for Poland ($566 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from Lithuania contracted rapidly to 562 tons, with a decrease of -85.7% compared with the previous year. In general, exports saw a sharp setback. The most prominent rate of growth was recorded in 2021 with an increase of 106%. As a result, the exports attained the peak of 3.9K tons, and then dropped rapidly in the following year.
In value terms, exports of soya beans; other than seed, whether or not brokens shrank dramatically to $592K in 2022. Over the period under review, exports recorded a dramatic shrinkage. The growth pace was the most rapid in 2021 when exports increased by 128% against the previous year. As a result, the exports reached the peak of $3.2M, and then declined significantly in the following year.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 1,153 | 1,182 | 745 | 489 | -24.9% |
Estonia | 79.9 | 118 | 121 | 96.8 | 6.6% |
Austria | 465 | 30.9 | N/A | N/A | -93.4% |
Netherlands | N/A | N/A | 2,258 | N/A | 0% |
Others | 32.2 | 66.1 | 57.0 | 6.2 | -42.3% |
Total | 1,730 | 1,397 | 3,181 | 592 | -30.1% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Lithuania in 2022:
- Germany (473.5 tons)
- Estonia (86.0 tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Lithuania shrank significantly to 306 tons, waning by -88.7% against the year before. Over the period under review, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 88%. As a result, imports attained the peak of 2.7K tons, and then shrank markedly in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens shrank notably to $294K in 2022. In general, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 when imports increased by 136% against the previous year. As a result, imports attained the peak of $2.1M, and then contracted dramatically in the following year.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Lithuania (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Belgium | 74.4 | 99.3 | 115 | 123 | 18.2% |
Canada | 56.0 | 84.1 | 86.3 | 97.4 | 20.3% |
Latvia | 14.1 | 16.2 | 5.9 | 28.4 | 26.3% |
France | N/A | 8.1 | 23.0 | 24.6 | 74.3% |
Poland | 5.5 | 8.1 | 7.3 | 3.9 | -10.8% |
Kazakhstan | 428 | 197 | N/A | N/A | -54.0% |
Ukraine | 191 | 453 | 1,760 | N/A | 203.6% |
Others | 21.3 | 9.8 | 67.8 | 16.2 | -8.7% |
Total | 791 | 876 | 2,065 | 294 | -28.1% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Lithuania in 2022:
- Belgium (143.7 tons)
- Canada (108.5 tons)
- France (33.0 tons)
- Latvia (9.4 tons)
- Poland (6.9 tons)
This report provides an in-depth analysis of the soya bean market in Lithuania.
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 Lithuania.
This report provides an in-depth analysis of the global soya bean market.
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