Price for Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands
Price for Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $664 per ton, picking up by 13% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($1,051 per ton), while the price for the United States ($658 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 Canada (+3.9%), 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 the Netherlands (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $648 per ton in September 2023, rising by 3.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($3,602 per ton), while the average price for exports to Bosnia and Herzegovina ($1,101 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 Norway (+15.3%), 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 the Netherlands
In 2022, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -3.8% to 4M tons, falling for the second consecutive year after two years of growth. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 4.5M 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 expanded notably to $2.4B in 2022. In general, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +16.4% 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 +57.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 580 | 612 | 633 | 1,098 | 23.7% |
| Brazil | 681 | 855 | 1,286 | 1,005 | 13.9% |
| Uruguay | 83.8 | N/A | 5.7 | 82.3 | -0.6% |
| Ukraine | 9.7 | 44.7 | 90.4 | 69.1 | 92.4% |
| Canada | 133 | 163 | 126 | 59.6 | -23.5% |
| Others | 44.4 | 62.8 | 57.5 | 101 | 31.5% |
| Total | 1,532 | 1,737 | 2,198 | 2,414 | 16.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to the Netherlands in 2022:
- Brazil (1800.7K tons)
- United States (1761.5K tons)
- Uruguay (117.0K tons)
- Ukraine (92.3K tons)
- Canada (91.2K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens decreased by -3.1% to 958K tons, falling for the second consecutive year after two years of growth. Overall, exports, however, saw a modest increase. The growth pace was the most rapid in 2020 when exports increased by 13%. As a result, the exports attained the peak of 1M tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of soya beans; other than seed, whether or not brokens expanded rapidly to $644M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in the Netherlands (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 343 | 394 | 536 | 554 | 17.3% |
| Belgium | 10.2 | 24.0 | 36.9 | 43.2 | 61.8% |
| Denmark | 1.2 | 4.9 | 7.3 | 17.1 | 142.4% |
| Others | 24.0 | 24.1 | 18.0 | 29.5 | 7.1% |
| Total | 378 | 447 | 598 | 644 | 19.4% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from the Netherlands in 2022:
- Germany (857.3K tons)
- Belgium (56.9K tons)
- Denmark (14.9K tons)
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