Price for Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR
- Exports of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR
Price for Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $665 per ton, increasing by 4.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 23% against the previous year. The import price peaked at $724 per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($682 per ton), while the price for Canada totaled $661 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (-0.7%).
Price for Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $1,308 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 an increase of 68%. Over the period under review, the average export prices reached the peak figure at $1,554 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($1,440 per ton), while the average price for exports to Seychelles amounted to $106 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+45.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR
Imports of soya beans; seed, whether or not brokens into Hong Kong SAR surged to 370 tons in 2022, rising by 130% on 2021 figures. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 265% 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; seed, whether or not brokens skyrocketed to $246K in 2022. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 275% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 134 | 10.5 | 46.5 | 206 | 15.4% |
| United States | 31.4 | 16.3 | 46.9 | 39.6 | 8.0% |
| Others | 14.7 | 0.4 | 8.9 | 0.9 | -60.6% |
| Total | 180 | 27.2 | 102 | 246 | 11.0% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Hong Kong SAR in 2022:
- Canada (311.1 tons)
- United States (58.1 tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR
In 2022, overseas shipments of soya beans; seed, whether or not brokens decreased by -34.4% to 6 tons, falling for the second year in a row after two years of growth. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2020 when exports increased by 22%. As a result, the exports reached the peak of 14 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of soya beans; seed, whether or not brokens contracted markedly to $7.9K in 2022. In general, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 3.1%. As a result, the exports reached the peak of $18K. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Soya Beans; Seed, Whether or Not Broken in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 14.8 | 18.3 | 11.9 | 7.8 | -19.2% |
| Seychelles | N/A | N/A | N/A | 0.1 | 0% |
| Papua New Guinea | 2.9 | N/A | 0.1 | N/A | -81.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 17.8 | 18.3 | 12.0 | 7.9 | -23.7% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Hong Kong SAR in 2022:
- Canada (5.4 tons)
- Seychelles (0.6 tons)
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This report provides an in-depth analysis of the soya bean market in Hong Kong SAR, China.
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