Price for Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $498 per ton, reducing by -15.3% against the previous year. Overall, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 48%. The import price peaked at $600 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($523 per ton), while the price for the United States ($454 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+2.9%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (FOB) - 2022
In 2021, the average export price for soya beans; other than seed, whether or not brokens amounted to $595 per ton, dropping by -29.6% against the previous year. Over the period under review, the export price continues to indicate a precipitous descent. The pace of growth appeared the most rapid in 2015 a decrease of -20.5%. The export price peaked at $11,153 per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($4,520 per ton), while the average price for exports to Yemen ($1,330 per ton) was amongst the lowest.
From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+149.5%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Saudi Arabia dropped to 689K tons, falling by -5.1% on 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 726K tons, and then reduced in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens reduced markedly to $343M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.5% 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 +32.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 64%. As a result, imports reached the peak of $426M, and then reduced dramatically in the following year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 127 | 121 | 251 | 209 | 18.1% |
| United States | 101 | 114 | 123 | 103 | 0.7% |
| Argentina | 32.2 | 23.1 | 37.8 | 31.5 | -0.7% |
| Others | 1.1 | 1.5 | 14.4 | 0.2 | -43.3% |
| Total | 261 | 260 | 426 | 343 | 9.5% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Saudi Arabia in 2022:
- Brazil (398.6K tons)
- United States (226.4K tons)
- Argentina (63.7K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia
For the third year in a row, Saudi Arabia recorded growth in overseas shipments of soya beans; other than seed, whether or not brokens, which increased by 107% to 248 tons in 2021. In general, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 193%. Over the period under review, the exports of hit record highs in 2021 and are likely to see gradual growth in years to come.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $148K in 2021. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2020 | 2021 | CAGR, 2020-2021 |
| United Arab Emirates | 43.7 | 2.1 | -95.2% |
| Bahrain | 24.3 | 0.9 | -96.3% |
| Yemen | 33.7 | 0.1 | -99.7% |
| Others | N/A | 145 | 0% |
| Total | 102 | 148 | 45.1% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Saudi Arabia in 2022:
- United Arab Emirates (1.4 tons)
- Bahrain (0.2 tons)
- Yemen (0.1 tons)
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