Price for Soya Beans; Seed, Whether or Not Broken in South Africa - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in South Africa (FOB) - 2023
- Price for Soya Beans; Seed, Whether or Not Broken in South Africa (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in South Africa
- Imports of Soya Beans; Seed, Whether or Not Broken in South Africa
Price for Soya Beans; Seed, Whether or Not Broken in South Africa (FOB) - 2023
The average export price for soya beans; seed, whether or not brokens stood at $617 per ton in July 2023, rising by 1.6% against the previous month. Overall, the export price, however, showed a deep contraction. The export price peaked at $2,901 per ton in December 2022; however, from January 2023 to July 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Mozambique.
From December 2022 to July 2023, the rate of growth in terms of prices for Mozambique amounted to +0.3% per month.
Price for Soya Beans; Seed, Whether or Not Broken in South Africa (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $850 per ton, flattening at the previous year. Overall, the import price continues to indicate a mild slump. The growth pace was the most rapid in 2018 an increase of 59% against the previous year. Over the period under review, average import prices hit record highs at $1,014 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 United States ($6,020 per ton), while the price for Swaziland ($541 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Seed, Whether or Not Broken in South Africa
In 2022, after three years of growth, there was significant decline in overseas shipments of soya beans; seed, whether or not brokens, when their volume decreased by -90.4% to 1.2K tons. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 446% against the previous year. As a result, the exports attained the peak of 12K tons, and then fell notably in the following year.
In value terms, exports of soya beans; seed, whether or not brokens fell sharply to $1.4M in 2022. Overall, exports, however, saw a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 427% against the previous year.
Export of Soya Beans; Seed, Whether or Not Broken in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Angola | 155 | 81.7 | 2.1 | 424 | 39.9% |
Zimbabwe | 47.3 | N/A | 5,266 | 327 | 90.5% |
Democratic Republic of the Congo | N/A | N/A | 8.5 | 258 | 2935.3% |
Zambia | 153 | 1,818 | 1,199 | 217 | 12.4% |
Mozambique | N/A | N/A | 1,345 | 122 | -90.9% |
Taiwan (Chinese) | 41.1 | 51.5 | 13.6 | 15.2 | -28.2% |
Malaysia | 21.7 | 10.0 | 643 | 4.5 | -40.8% |
Others | 24.2 | 368 | 99.8 | 47.7 | 25.4% |
Total | 441 | 2,328 | 8,577 | 1,416 | 47.5% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from South Africa in 2022:
- Zimbabwe (494.0 tons)
- Angola (194.5 tons)
- Mozambique (160.0 tons)
- Democratic Republic of the Congo (153.2 tons)
- Zambia (130.1 tons)
- Taiwan (Chinese) (22.6 tons)
- Malaysia (10.0 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in South Africa
In 2022, purchases abroad of soya beans; seed, whether or not brokens was finally on the rise to reach 326 tons after two years of decline. Over the period under review, imports, however, showed a sharp contraction.
In value terms, imports of soya beans; seed, whether or not brokens surged to $277K in 2022. In general, imports, however, showed a sharp shrinkage.
Import of Soya Beans; Seed, Whether or Not Broken in South Africa (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Argentina | 7.4 | 5.9 | 47.5 | 173 | 185.9% |
Brazil | 0.1 | 2.5 | 6.2 | 73.2 | 801.2% |
Zambia | N/A | 0.7 | N/A | 23.3 | 476.9% |
Swaziland | N/A | N/A | 26.6 | 6.9 | -74.1% |
Malawi | 1,358 | 228 | N/A | N/A | -83.2% |
Tanzania | 70.3 | 113 | N/A | N/A | 60.7% |
Others | 4.2 | 33.2 | 10.3 | 1.4 | -30.7% |
Total | 1,440 | 384 | 90.7 | 277 | -42.3% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to South Africa in 2022:
- Argentina (188.9 tons)
- Brazil (89.4 tons)
- Zambia (34.0 tons)
- Swaziland (12.7 tons)
This report provides an in-depth analysis of the soya bean market in South Africa.
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 South Africa.
This report provides an in-depth analysis of the global soya bean market.
Global demand for soya beans is expected to continue increasing over the next seven years, with market performance forecasted to accelerate and reach 451M tons by 2030. The market value is projected to grow to $278.3B by 2030.
Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
In 2021, the average annual soybean price soared by 43% y/y to $583 per ton. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.
The currently increasing demand for soybeans in biofuel production, animal feed and food products outpaced production growth, resulting in a significant hike in soya prices. Together with expectations of further price growth, it contributes to rising costs of many downstream products and accelerates food inflation. In China, rebuilding pig herds after swine fever outbreaks emerges as a new driver for the global market. Those factors highlight soybeans as an attractive commodity to invest in, leading to robust expansion of crop acreage in the U.S. and Brazil.
Global Soybean Market: Soybean is widely used both in animal feeding and human consumption, with soyfeed taking the larger part of consumption. For human consumption such products as soy oil, soy milk, soy flour, soy protein, tofu and many retail food
Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
From 2008 to 2015, the global soya bean market was roller-coast in physical terms, showing an upward trend, overall. The last wave started from a local low point in 2012 at X million tons. Over the next two years, the market posted solid gains. How
Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
The volume of total imports on the global soya bean market in 2015 stood at X million tons. There was an annual increase of +X% for the period from 2008 to 2015. In value terms, imports of soya beans dropped to X billion USD in 2015, which was X
According to a recently published report by IndexBox Marketing, China is the largest consumer on the soy beanmarket in the world. At the same time, X% of China's total consumption in 2015 accounted for imports. In 2016, according to Oil World data, th