Price for Soya Beans; Other than Seed, Whether or Not Broken in South Africa - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in South Africa (FOB) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in South Africa (CIF) - 2022
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in South Africa
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in South Africa
Price for Soya Beans; Other than Seed, Whether or Not Broken in South Africa (FOB) - 2024
In July 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $588 per ton, shrinking by -2.3% against the previous month. Overall, the export price showed a mild contraction. The most prominent rate of growth was recorded in June 2023 an increase of 9.9% against the previous month. Over the period under review, the average export prices hit record highs at $641 per ton in March 2023; however, from April 2023 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Mozambique.
From January 2023 to July 2023, the rate of growth in terms of prices for Thailand amounted to +10.6% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in South Africa (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $602 per ton, waning by -10% against the previous year. In general, the import price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 103% against the previous year. The import price peaked at $957 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Zambia.
From 2012 to 2022, the rate of growth in terms of prices for Paraguay amounted to +1.9% per year.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in South Africa
Exports of soya beans; other than seed, whether or not brokens from South Africa surged to 236K tons in 2022, with an increase of 777% compared with the year before. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 1,099% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $165M in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 1,401%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 70.4 | 0% |
| Mozambique | 0.1 | 0.2 | 3.3 | 43.2 | 656.0% |
| Vietnam | N/A | N/A | N/A | 18.5 | 0% |
| Thailand | N/A | N/A | N/A | 16.7 | 0% |
| Zimbabwe | 2.4 | 0.5 | 12.5 | 15.8 | 87.4% |
| Others | 0.4 | 0.4 | 1.7 | 0.3 | -9.1% |
| Total | 2.9 | 1.2 | 17.5 | 165 | 284.6% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from South Africa in 2022:
- Malaysia (96.6K tons)
- Mozambique (62.3K tons)
- Vietnam (27.0K tons)
- Thailand (25.0K tons)
- Zimbabwe (24.9K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in South Africa
In 2022, purchases abroad of soya beans; other than seed, whether or not brokens decreased by -89.2% to 5K tons, falling for the second consecutive year after two years of growth. In general, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 899% against the previous year. As a result, imports reached the peak of 62K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of soya beans; other than seed, whether or not brokens shrank significantly to $3M in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 696%.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in South Africa (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Zambia | 1.5 | 1.6 | 6.2 | 3.0 | 26.0% |
| Malawi | 0.1 | 0.3 | 2.4 | N/A | 389.9% |
| Mozambique | 0.8 | 0.8 | N/A | N/A | 0.0% |
| United States | N/A | N/A | 22.4 | N/A | 0% |
| Brazil | N/A | 17.5 | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Total | 2.6 | 20.3 | 31.1 | 3.0 | 4.9% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to South Africa in 2022:
- Zambia (5.0K tons)
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