Price for Soya Beans; Seed, Whether or Not Broken in the UK - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in the UK (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in the UK (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in the UK
- Imports of Soya Beans; Seed, Whether or Not Broken in the UK
Price for Soya Beans; Seed, Whether or Not Broken in the UK (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $1,482 per ton in 2022, dropping by -51.2% against the previous year. In general, the export price, however, continues to indicate slight growth. The most prominent rate of growth was recorded in 2021 an increase of 137% against the previous year. As a result, the export price attained the peak level of $3,037 per ton, and then fell sharply in the following year.
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 France ($1,726 per ton), while the average price for exports to Italy ($251 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 Israel (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Soya Beans; Seed, Whether or Not Broken in the UK (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $1,065 per ton in 2022, rising by 56% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 245% against the previous year. Over the period under review, average import prices hit record highs at $2,239 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($4,634 per ton), while the price for Ireland ($376 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Soya Beans; Seed, Whether or Not Broken in the UK
In 2022, overseas shipments of soya beans; seed, whether or not brokens increased by 1,717% to 220 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; seed, whether or not brokens skyrocketed to $325K in 2022. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Soya Beans; Seed, Whether or Not Broken in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | N/A | 1.9 | 236 | 12321.1% |
Italy | N/A | N/A | 1.8 | 15.7 | 772.2% |
Nigeria | N/A | N/A | N/A | 9.7 | 0% |
Oman | 2.4 | 0.4 | 0.7 | 0.5 | -40.7% |
Hong Kong SAR | 16.1 | N/A | N/A | N/A | 0% |
Spain | N/A | 15.6 | N/A | N/A | 0% |
United Arab Emirates | N/A | 12.4 | N/A | N/A | 0% |
Israel | 7.7 | N/A | N/A | N/A | 0% |
Others | 6.8 | 4.3 | 32.3 | 63.7 | 110.8% |
Total | 33.0 | 32.6 | 36.7 | 325 | 114.3% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from the UK in 2022:
- France (136.6 tons)
- Italy (62.5 tons)
- Nigeria (16.2 tons)
- Oman (0.4 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in the UK
In 2022, approx. 39 tons of soya beans; seed, whether or not brokens were imported into the UK; waning by -54.9% compared with the previous year's figure. Overall, imports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 186% against the previous year.
In value terms, imports of soya beans; seed, whether or not brokens declined notably to $42K in 2022. In general, imports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 4% against the previous year.
Import of Soya Beans; Seed, Whether or Not Broken in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | N/A | 6.8 | N/A | 24.0 | 87.9% |
Ireland | N/A | N/A | 21.6 | 11.5 | -46.8% |
China | 188 | 39.6 | 1.5 | 5.4 | -69.4% |
Cameroon | N/A | N/A | N/A | 0.8 | 0% |
Austria | 2.4 | N/A | 35.0 | N/A | 281.9% |
Canada | 52.6 | N/A | N/A | N/A | 0% |
Ghana | 14.6 | N/A | N/A | N/A | 0% |
Others | 7.2 | 10.5 | 1.1 | N/A | -60.9% |
Total | 265 | 56.9 | 59.2 | 41.6 | -46.1% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to the UK in 2022:
- Ireland (30.5 tons)
- Netherlands (6.1 tons)
- Cameroon (1.3 tons)
- China (1.2 tons)
This report provides an in-depth analysis of the soya bean market in the UK.
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 the UK.
This report provides an in-depth analysis of the global soya bean market.
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