Price for Soya Beans; Seed, Whether or Not Broken in South Korea - 2022
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in South Korea (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in South Korea (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in South Korea
- Imports of Soya Beans; Seed, Whether or Not Broken in South Korea
Price for Soya Beans; Seed, Whether or Not Broken in South Korea (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $6,365 per ton in 2022, shrinking by -48.8% against the previous year. Over the period under review, the export price showed a slight descent. The growth pace was the most rapid in 2014 when the average export price increased by 285%. The export price peaked at $23,413 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($7,579 per ton), while the average price for exports to Singapore ($2,300 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 Kuwait (+14.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Soya Beans; Seed, Whether or Not Broken in South Korea (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $416 per ton, falling by -91% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2015 when the average import price increased by 81% against the previous year. Over the period under review, average import prices attained the peak figure at $5,357 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 China ($2,500 per ton), while the price for Taiwan (Chinese) stood at $30 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%).
Exports of Soya Beans; Seed, Whether or Not Broken in South Korea
In 2022, after two years of growth, there was significant decline in shipments abroad of soya beans; seed, whether or not brokens, when their volume decreased by -65.3% to 52 kg. In general, exports showed a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 100%. As a result, the exports attained the peak of 150 kg, and then shrank sharply in the following year.
In value terms, exports of soya beans; seed, whether or not brokens dropped dramatically to $331 in 2022. Overall, exports showed a dramatic contraction. The pace of growth was the most pronounced in 2021 when exports increased by 6.3%. As a result, the exports reached the peak of $1.9K, and then declined remarkably in the following year.
| Export of Soya Beans; Seed, Whether or Not Broken in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| United States | N/A | 1,866 | 288 | -84.6% | |
| Singapore | N/A | N/A | 23.0 | 0% | |
| Haiti | N/A | N/A | 20.0 | 0% | |
| New Zealand | 1,756 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 1,756 | 1,866 | 331 | -56.6% | |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from South Korea in 2022:
- United States (38.0 kg)
- Singapore (10.0 kg)
- Haiti (4.0 kg)
Imports of Soya Beans; Seed, Whether or Not Broken in South Korea
In 2022, the amount of soya beans; seed, whether or not brokens imported into South Korea skyrocketed to 594 kg, growing by 1,463% on the previous year. Overall, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of soya beans; seed, whether or not brokens surged to $247 in 2022. In general, imports showed a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 194%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Soya Beans; Seed, Whether or Not Broken in South Korea (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | 155 | 42.0 | 23.0 | -61.5% |
| Taiwan (Chinese) | N/A | 33.0 | N/A | 17.0 | -28.2% |
| Canada | 51.0 | N/A | 67.0 | N/A | 14.6% |
| Others | 27.0 | 41.0 | 67.0 | 207 | 97.2% |
| Total | 78.0 | 229 | 176 | 247 | 46.8% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to South Korea in 2022:
- Taiwan (Chinese) (573.0 kg)
- Vietnam (7.0 kg)
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