Price for Soya Beans; Other than Seed, Whether or Not Broken in Spain - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Spain (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Spain (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Spain
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Spain
Price for Soya Beans; Other than Seed, Whether or Not Broken in Spain (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $643 per ton in 2022, growing by 16% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for soya beans; other than seed, whether or not brokens increased by +74.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 44%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($656 per ton) and Ukraine ($652 per ton), while the price for Paraguay ($564 per ton) and Brazil ($633 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.6%), 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 Spain (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $1,308 per ton in September 2023, with an increase of 5.1% against the previous month. Overall, the export price recorded a strong increase. The pace of growth appeared the most rapid in December 2022 an increase of 85% month-to-month. The export price peaked at $3,330 per ton in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was France ($5,977 per ton), while the average price for exports to Portugal ($481 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+3.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Spain
After three years of growth, purchases abroad of soya beans; other than seed, whether or not brokens decreased by -13.2% to 3.2M tons in 2022. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7.3%. As a result, imports attained the peak of 3.7M tons, and then shrank in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens amounted to $2B in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.2% 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 +69.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 609 | 785 | 1,369 | 1,347 | 30.3% |
| United States | 497 | 389 | 529 | 561 | 4.1% |
| Canada | 37.4 | 41.1 | 59.5 | 71.3 | 24.0% |
| Others | 60.5 | 91.0 | 65.8 | 61.2 | 0.4% |
| Total | 1,204 | 1,305 | 2,023 | 2,041 | 19.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Spain in 2022:
- Brazil (2129.6K tons)
- United States (854.7K tons)
- Canada (112.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Spain
Exports of soya beans; other than seed, whether or not brokens from Spain declined markedly to 4.4K tons in 2022, with a decrease of -55.9% on 2021. Over the period under review, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 143%. As a result, the exports reached the peak of 9.9K tons, and then declined rapidly in the following year.
In value terms, exports of soya beans; other than seed, whether or not brokens declined rapidly to $3.3M in 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 209% against the previous year. As a result, the exports attained the peak of $5.7M, and then reduced markedly in the following year.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Spain (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,173 | 804 | 1,225 | 1,675 | 12.6% |
| France | 588 | 587 | 492 | 857 | 13.4% |
| United Kingdom | 1.5 | 9.5 | 18.7 | 452 | 570.4% |
| Italy | 44.7 | 148 | 212 | 223 | 70.9% |
| India | 198 | N/A | N/A | N/A | 0% |
| Lebanon | 1,767 | 1.0 | 5.5 | N/A | -94.4% |
| Turkey | N/A | N/A | 3,606 | N/A | 0% |
| Others | 141 | 287 | 110 | 113 | -7.1% |
| Total | 3,913 | 1,837 | 5,670 | 3,320 | -5.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Spain in 2022:
- Portugal (3522.4 tons)
- France (455.4 tons)
- Italy (200.2 tons)
- United Kingdom (159.0 tons)
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