Price for Soya Beans; Other than Seed, Whether or Not Broken in Serbia - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Serbia (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Serbia (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Serbia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Serbia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Serbia (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $477 per ton, with a decrease of -7.1% against the previous month. In general, the import price recorded a noticeable contraction. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 4.4% m-o-m. Over the period under review, average import prices reached the maximum at $669 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Slovakia ($573 per ton), while the price for Croatia amounted to $477 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Slovakia (-1.7%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Serbia (FOB) - 2023
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $569 per ton, approximately reflecting the previous month. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 21% against the previous month. Over the period under review, the average export prices hit record highs at $1,504 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Italy ($1,399 per ton), while the average price for exports to Montenegro ($521 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Serbia
Imports of soya beans; other than seed, whether or not brokens into Serbia soared to 99K tons in 2022, with an increase of 92% on 2021. In general, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 26,656% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $65M in 2022. Over the period under review, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 34,986%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the near future.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Croatia | N/A | N/A | 29.1 | 48.9 | 68.0% |
Hungary | N/A | N/A | 2.8 | 9.7 | 246.4% |
Romania | 0.3 | N/A | 1.7 | 4.3 | 142.9% |
Ukraine | N/A | N/A | 1.0 | 1.3 | 30.0% |
Bosnia and Herzegovina | N/A | N/A | 3.1 | 0.6 | -80.6% |
Others | N/A | 0.1 | 0.2 | 0.2 | 41.4% |
Total | 0.4 | 0.1 | 38.0 | 65.0 | 445.7% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Serbia in 2022:
- Croatia (74.9K tons)
- Hungary (14.8K tons)
- Romania (6.3K tons)
- Ukraine (2.1K tons)
- Bosnia and Herzegovina (1.0K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Serbia
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens decreased by -94% to 3.9K tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. As a result, the exports attained the peak of 247K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soya beans; other than seed, whether or not brokens reduced dramatically to $3.4M in 2022. In general, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 54% against the previous year. As a result, the exports attained the peak of $106M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Serbia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | N/A | 5.3 | 1.7 | 1.6 | -45.1% |
Slovakia | N/A | N/A | 0.7 | 0.4 | -42.9% |
Germany | 30.7 | 34.0 | 19.8 | 0.4 | -76.5% |
Italy | N/A | 2.9 | 6.2 | 0.2 | -73.7% |
France | N/A | N/A | N/A | 0.2 | 0% |
Croatia | N/A | 0.2 | N/A | 0.2 | 0.0% |
Romania | 1.6 | 9.4 | 1.4 | 0.1 | -60.3% |
Montenegro | 0.3 | 0.7 | 0.1 | 0.1 | -30.7% |
Russia | 30.1 | 43.2 | 5.2 | N/A | -58.4% |
Hungary | 5.0 | 9.2 | 4.2 | N/A | -8.3% |
Others | 1.2 | 1.3 | 1.0 | 0.1 | -56.3% |
Total | 68.9 | 106 | 40.3 | 3.4 | -63.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Serbia in 2022:
- Austria (1803.9 tons)
- Slovakia (549.9 tons)
- Germany (496.2 tons)
- Croatia (300.5 tons)
- Italy (196.8 tons)
- Montenegro (160.1 tons)
- France (132.0 tons)
- Romania (64.5 tons)
- Hungary (55.8 tons)
This report provides an in-depth analysis of the soya bean market in Serbia.
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 Serbia.
This report provides an in-depth analysis of the global soya bean market.
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