Price for Soya Beans; Other than Seed, Whether or Not Broken in Portugal - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Portugal (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Portugal (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Portugal
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Portugal
Price for Soya Beans; Other than Seed, Whether or Not Broken in Portugal (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $478 per ton, declining by -13.5% against the previous month. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in August 2023 an increase of 7% against the previous month. Over the period under review, average import prices reached the peak figure at $629 per ton in November 2022; however, from December 2022 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($1,112 per ton), while the price for Spain ($455 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), 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 Portugal (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $588 per ton in September 2023, with an increase of 4.3% against the previous month. Over the period under review, the export price, however, continues to indicate a mild shrinkage. The export price peaked at $702 per ton in November 2022; however, from December 2022 to September 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In September 2023, the country with the highest price was Angola ($841 per ton), while the average price for exports to Spain totaled $595 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-1.6%).
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Portugal
After three years of growth, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -24.1% to 1.1M tons in 2022. Over the period under review, imports showed a perceptible setback. The most prominent rate of growth was recorded in 2020 when imports increased by 22% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens dropped to $635M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +49.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $672M, and then dropped in the following year.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 129 | 255 | 351 | 386 | 44.1% |
United States | 184 | 120 | 139 | 159 | -4.8% |
Canada | 25.9 | 18.8 | 50.4 | 60.6 | 32.8% |
Germany | 68.0 | 133 | 128 | 25.0 | -28.4% |
Others | 19.1 | 4.0 | 2.9 | 5.2 | -35.2% |
Total | 426 | 530 | 672 | 635 | 14.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Portugal in 2022:
- Brazil (640.1K tons)
- United States (272.7K tons)
- Canada (96.5K tons)
- Germany (51.9K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Portugal
In 2022, approx. 6.5K tons of soya beans; other than seed, whether or not brokens were exported from Portugal; falling by -43.1% against 2021. In general, exports continue to indicate a slight reduction. The growth pace was the most rapid in 2021 when exports increased by 91%. As a result, the exports attained the peak of 11K tons, and then dropped rapidly in the following year.
In value terms, exports of soya beans; other than seed, whether or not brokens declined notably to $4.2M in 2022. Overall, exports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 136%. As a result, the exports reached the peak of $5.9M, and then contracted remarkably in the following year.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Portugal (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 2.5 | 2.5 | 5.4 | 4.0 | 17.0% |
Angola | 0.1 | 0.1 | 0.3 | 0.2 | 26.0% |
Others | N/A | N/A | 0.3 | N/A | 0% |
Total | 2.6 | 2.5 | 5.9 | 4.2 | 17.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Portugal in 2022:
- Spain (6.2K tons)
- Angola (0.2K tons)
This report provides an in-depth analysis of the soya bean market in Portugal.
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This report provides an in-depth analysis of the soya bean market in Portugal.
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