Price for Soya Beans; Seed, Whether or Not Broken in Italy - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Italy (CIF) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Italy (FOB) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in Italy
- Exports of Soya Beans; Seed, Whether or Not Broken in Italy
Price for Soya Beans; Seed, Whether or Not Broken in Italy (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $1,948 per ton in 2022, surging by 14% against the previous year. In general, import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +3.6% 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; seed, whether or not brokens increased by +91.4% against 2017 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 42% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.
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 the Netherlands ($2,194 per ton), while the price for Slovenia ($1,239 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in Italy (FOB) - 2022
In 2022, the average export price for soya beans; seed, whether or not brokens amounted to $1,770 per ton, surging by 24% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $1,779 per ton in 2012; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Hungary ($2,293 per ton), while the average price for exports to Austria ($1,301 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 Serbia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Seed, Whether or Not Broken in Italy
In 2022, purchases abroad of soya beans; seed, whether or not brokens decreased by -1.2% to 10K tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of soya beans; seed, whether or not brokens stood at $20M in 2022. The total import value increased at an average annual rate of +13.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 22%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Soya Beans; Seed, Whether or Not Broken in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 7.1 | 14.6 | 16.1 | 17.0 | 33.8% |
Croatia | 0.2 | 0.2 | 0.6 | 0.8 | 58.7% |
Serbia | 0.6 | 0.3 | 0.4 | 0.6 | 0.0% |
France | 0.4 | 0.3 | 0.2 | 0.6 | 14.5% |
Netherlands | 4.7 | 1.0 | 0.1 | 0.5 | -52.6% |
Slovenia | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
Others | 0.7 | 0.2 | 0.3 | 0.3 | -24.6% |
Total | 13.8 | 16.8 | 17.8 | 20.1 | 13.4% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Italy in 2022:
- United States (8.3K tons)
- Croatia (0.6K tons)
- Serbia (0.5K tons)
- France (0.4K tons)
- Netherlands (0.2K tons)
- Slovenia (0.2K tons)
Exports of Soya Beans; Seed, Whether or Not Broken in Italy
In 2022, exports of soya beans; seed, whether or not brokens from Italy reduced markedly to 1.8K tons, with a decrease of -24.8% on the previous year. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 75%. As a result, the exports reached the peak of 2.4K tons, and then shrank markedly in the following year.
In value terms, exports of soya beans; seed, whether or not brokens dropped to $3.2M in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of $3.4M, and then declined in the following year.
Export of Soya Beans; Seed, Whether or Not Broken in Italy (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Romania | 1,678 | 888 | 1,651 | 1,764 | 1.7% |
France | 249 | 486 | 951 | 709 | 41.7% |
Croatia | 354 | 58.3 | 161 | 213 | -15.6% |
Austria | 23.2 | 26.3 | 19.4 | 124 | 74.8% |
United States | 195 | 54.9 | N/A | 97.4 | -20.7% |
Hungary | 92.7 | 63.3 | 123 | 77.0 | -6.0% |
Serbia | 21.1 | N/A | N/A | 66.3 | 46.5% |
Greece | 139 | 83.3 | 232 | 46.0 | -30.8% |
Spain | 81.2 | 91.8 | 77.0 | 39.5 | -21.4% |
Slovenia | 103 | 74.6 | 6.6 | 2.0 | -73.1% |
Others | 220 | 129 | 212 | 72.3 | -31.0% |
Total | 3,156 | 1,955 | 3,434 | 3,209 | 0.6% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Italy in 2022:
- Romania (1004.9 tons)
- France (402.7 tons)
- Croatia (102.0 tons)
- Austria (95.3 tons)
- United States (54.9 tons)
- Serbia (38.6 tons)
- Hungary (33.6 tons)
- Greece (29.7 tons)
- Spain (21.5 tons)
- Slovenia (0.8 tons)
This report provides an in-depth analysis of the soya bean market in Italy.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Italy.
This report provides an in-depth analysis of the global soya bean market.
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