Price for Soya Beans; Seed, Whether or Not Broken in Ethiopia - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in Ethiopia
- Imports of Soya Beans; Seed, Whether or Not Broken in Ethiopia
Price for Soya Beans; Seed, Whether or Not Broken in Ethiopia (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $765 per ton in 2022, growing by 4.6% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for soya beans; seed, whether or not brokens increased by +92.7% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of 50% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($805 per ton), while the average price for exports to Singapore ($695 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in Ethiopia (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $2,835 per ton, with a decrease of -28.8% against the previous year. In general, the import price recorded a deep reduction. The pace of growth was the most pronounced in 2019 an increase of 24%. The import price peaked at $22,921 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($3,557 per ton), while the price for Denmark ($2,057 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (-14.3%), while the prices for the other major suppliers experienced a decline.
Exports of Soya Beans; Seed, Whether or Not Broken in Ethiopia
For the third year in a row, Ethiopia recorded decline in overseas shipments of soya beans; seed, whether or not brokens, which decreased by -50.4% to 1.3K tons in 2022. In general, exports saw a dramatic shrinkage. The smallest decline of -7.5% was in 2020.
In value terms, exports of soya beans; seed, whether or not brokens reduced markedly to $1M in 2022. Over the period under review, exports saw a dramatic slump. The smallest decline of -3.6% was in 2020.
| Export of Soya Beans; Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 2,503 | 1,587 | 1,081 | 669 | -35.6% |
| Singapore | 376 | 436 | 276 | 267 | -10.8% |
| Djibouti | N/A | N/A | N/A | 77.7 | 0% |
| China | 92.8 | 553 | 55.2 | N/A | -22.9% |
| Vietnam | 1,359 | 1,225 | 148 | N/A | -67.0% |
| United Arab Emirates | 132 | 56.5 | 52.6 | N/A | -36.9% |
| Turkey | 1,398 | 1,701 | 212 | N/A | -61.1% |
| Others | 145 | 228 | 128 | N/A | -6.0% |
| Total | 6,005 | 5,787 | 1,952 | 1,014 | -44.7% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Ethiopia in 2022:
- India (831.6 tons)
- Singapore (384.0 tons)
- Djibouti (110.0 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in Ethiopia
After three years of growth, supplies from abroad of soya beans; seed, whether or not brokens decreased by -53.2% to 56 tons in 2022. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 14,254% against the previous year.
In value terms, imports of soya beans; seed, whether or not brokens reduced rapidly to $158K in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 13,390%.
| Import of Soya Beans; Seed, Whether or Not Broken in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | N/A | 95.0 | 124 | 79.2 | -8.7% |
| China | 0.1 | 0.6 | 2.7 | 54.0 | 714.3% |
| Zimbabwe | N/A | N/A | N/A | 6.0 | 0% |
| France | N/A | 126 | N/A | N/A | 0% |
| Israel | 2.0 | 69.1 | 348 | N/A | 1219.1% |
| Others | N/A | N/A | N/A | 19.0 | 0% |
| Total | 2.2 | 290 | 475 | 158 | 315.7% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Ethiopia in 2022:
- Denmark (38.5 tons)
- China (15.2 tons)
- Zimbabwe (2.1 tons)
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