Price for Soya Beans; Other than Seed, Whether or Not Broken in Morocco - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Morocco (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Morocco (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Morocco
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Morocco
Price for Soya Beans; Other than Seed, Whether or Not Broken in Morocco (CIF) - 2023
In November 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $650 per ton, declining by -81.8% against the previous month. Overall, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 418% month-to-month. As a result, import price attained the peak level of $4,346 per ton. From August 2022 to November 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From June 2022 to November 2022, the rate of growth in terms of prices for the United States amounted to -4.0% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Morocco (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $11,500 per ton, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when the average export price decreased by 99.9%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($13,667 per ton), while the average price for exports to France amounted to $5,000 per ton.
From 2018 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (-40.2%).
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Morocco
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Morocco surged to 59K tons, rising by 118% on the previous year. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 254% against the previous year. As a result, imports reached the peak of 88K 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 skyrocketed to $34M in 2022. In general, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 258%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Morocco (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.6 | 23.2 | 6.7 | 33.7 | 81.9% |
| Argentina | 1.1 | 4.1 | 3.6 | N/A | 80.9% |
| Brazil | 1.2 | 6.6 | 5.1 | N/A | 106.2% |
| Ukraine | 1.3 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.4 | 0.6 | 0.7 | 32.6% |
| Total | 9.6 | 34.3 | 16.0 | 34.5 | 53.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Morocco in 2022:
- United States (58.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Morocco
In 2022, exports of soya beans; other than seed, whether or not brokens from Morocco was estimated at 4 kg, approximately reflecting 2021 figures. Over the period under review, exports saw a dramatic setback. The smallest decline of 99.9% was in 2021.
In value terms, exports of soya beans; other than seed, whether or not brokens totaled $46 in 2022. Overall, exports showed a sharp contraction. The smallest decline of 99.9% was in 2021.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Morocco (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Germany | N/A | N/A | 41.0 | 0% | |
| France | 84.0 | N/A | 5.0 | -75.6% | |
| Spain | 7.0 | N/A | N/A | 0% | |
| Mali | 1.0 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 92.0 | N/A | 46.0 | -29.3% | |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Morocco in 2022:
- Germany (3.0 kg)
- France (1.0 kg)
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