Price for Soya Beans; Seed, Whether or Not Broken in India - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in India (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in India (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in India
- Imports of Soya Beans; Seed, Whether or Not Broken in India
Price for Soya Beans; Seed, Whether or Not Broken in India (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $905 per ton in 2022, picking up by 9.6% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 32%. The export price peaked at $920 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Sri Lanka ($953 per ton) and the United Arab Emirates ($952 per ton), while the average price for exports to Nepal ($763 per ton) and France ($800 per ton) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in India (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $593 per ton in 2022, declining by -35.7% against the previous year. Overall, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 an increase of 145%. Over the period under review, average import prices attained the maximum at $1,439 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Benin.
From 2012 to 2022, the rate of growth in terms of prices for Benin amounted to +22.2% per year.
Exports of Soya Beans; Seed, Whether or Not Broken in India
In 2022, after two years of decline, there was significant growth in shipments abroad of soya beans; seed, whether or not brokens, when their volume increased by 55% to 3.9K tons. In general, exports, however, recorded a precipitous curtailment.
In value terms, exports of soya beans; seed, whether or not brokens skyrocketed to $3.5M in 2022. Overall, exports, however, showed a abrupt shrinkage.
| Export of Soya Beans; Seed, Whether or Not Broken in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4,008 | 1,578 | 1,167 | 1,292 | -31.4% |
| Sri Lanka | 273 | N/A | 34.5 | 830 | 44.9% |
| Canada | 1,203 | 2,528 | 180 | 734 | -15.2% |
| Belgium | 400 | 675 | 483 | 305 | -8.6% |
| United Arab Emirates | 64.9 | 81.8 | 73.4 | 228 | 52.0% |
| Nepal | 22.7 | N/A | N/A | 48.9 | 29.1% |
| Spain | 854 | N/A | N/A | N/A | 0% |
| Others | 51.9 | 405 | 139 | 95.9 | 22.7% |
| Total | 6,878 | 5,268 | 2,077 | 3,533 | -19.9% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from India in 2022:
- United States (1419.7 tons)
- Canada (880.1 tons)
- Sri Lanka (871.5 tons)
- Belgium (337.5 tons)
- United Arab Emirates (239.4 tons)
- Nepal (64.0 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in India
In 2022, supplies from abroad of soya beans; seed, whether or not brokens decreased by -99.8% to 112 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 102% against the previous year. As a result, imports attained the peak of 72K tons, and then dropped remarkably in the following year.
In value terms, imports of soya beans; seed, whether or not brokens reduced dramatically to $67K in 2022. In general, imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2021 when imports increased by 395% against the previous year. As a result, imports reached the peak of $66M, and then declined remarkably in the following year.
| Import of Soya Beans; Seed, Whether or Not Broken in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 2.2 | 5.9 | 1.6 | 0.1 | -64.3% |
| Ethiopia | 5.8 | 1.6 | 1.4 | N/A | -50.9% |
| Tanzania | N/A | N/A | 38.9 | N/A | 0% |
| Togo | 0.1 | 0.3 | 0.6 | N/A | 144.9% |
| Myanmar | 0.6 | 2.0 | N/A | N/A | 233.3% |
| Ghana | 1.3 | N/A | N/A | N/A | 0% |
| Others | 1.7 | 3.7 | 24.0 | N/A | 275.7% |
| Total | 11.6 | 13.4 | 66.4 | 0.1 | -79.5% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to India in 2022:
- Benin (112.4 tons)
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