India - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoya Bean Price in India - 2023
Contents:
- Soya Bean Price in India (CIF) - 2023
- Soya Bean Price in India (FOB) - 2023
- Soya Bean Imports in India
- Soya Bean Exports in India
Soya Bean Price in India (CIF) - 2023
The average soya bean import price stood at $585 per ton in September 2023, approximately equating the previous month. Over the period under review, the import price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 6% against the previous month. As a result, import price reached the peak level of $758 per ton. From December 2022 to September 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the countries with the highest prices were Burkina Faso ($616 per ton) and Niger ($603 per ton), while the price for Mozambique ($573 per ton) and Tanzania ($582 per ton) were amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Niger (+0.6%), while the prices for the other major suppliers experienced a decline.
Soya Bean Price in India (FOB) - 2023
The average soya bean export price stood at $676 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price saw a slight setback. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 40% month-to-month. As a result, the export price attained the peak level of $913 per ton. From February 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($1,559 per ton), while the average price for exports to Nepal ($612 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Bean Imports in India
In 2022, after three years of growth, there was significant decline in overseas purchases of soya beans, when their volume decreased by -20.4% to 490K tons. In general, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 120%.
In value terms, soya bean imports dropped to $416M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 160%.
Import of Soya Bean in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Benin | 19.4 | 143 | 33.4 | 145 | 95.5% |
Togo | 15.7 | 77.8 | 84.3 | 137 | 105.9% |
Burkina Faso | 1.2 | 4.4 | 12.2 | 35.9 | 210.4% |
Mozambique | 8.8 | 20.2 | 105 | 24.1 | 39.9% |
Tanzania | N/A | N/A | 122 | 16.9 | -86.1% |
United Arab Emirates | N/A | N/A | N/A | 15.5 | 0% |
Ethiopia | 56.9 | 13.9 | 24.4 | 12.2 | -40.1% |
Others | 10.3 | 33.0 | 107 | 30.0 | 42.8% |
Total | 112 | 292 | 488 | 416 | 54.9% |
Top Suppliers of Soya Bean to India in 2022:
- Benin (165.9K tons)
- Togo (161.9K tons)
- Burkina Faso (43.1K tons)
- Mozambique (31.1K tons)
- Tanzania (21.2K tons)
- United Arab Emirates (18.0K tons)
- Ethiopia (13.4K tons)
Soya Bean Exports in India
In 2022, overseas shipments of soya beans were finally on the rise to reach 54K tons after two years of decline. Over the period under review, exports, however, recorded a abrupt curtailment.
In value terms, soya bean exports surged to $50M in 2022. In general, exports, however, saw a drastic downturn.
Export of Soya Bean in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 11.9 | 13.2 | 4.4 | 29.6 | 35.5% |
United States | 33.6 | 18.7 | 7.7 | 7.7 | -38.8% |
Turkey | N/A | N/A | N/A | 6.0 | 0% |
Nepal | 0.8 | 0.9 | 1.7 | 2.9 | 53.6% |
Sri Lanka | 0.5 | N/A | 1.1 | 2.9 | 79.7% |
Belgium | 9.8 | 9.6 | 3.3 | 0.6 | -60.6% |
Others | 4.1 | 1.8 | 1.8 | 0.8 | -42.0% |
Total | 60.6 | 44.1 | 20.0 | 50.3 | -6.0% |
Top Export Markets for Soya Bean from India in 2022:
- Canada (31.1K tons)
- United States (7.9K tons)
- Turkey (7.0K tons)
- Nepal (3.9K tons)
- Sri Lanka (3.1K tons)
- Belgium (0.7K tons)
This report provides an in-depth analysis of the soya bean market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- FCL 236 - Soybeans
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the soya bean market in India.
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 India.
This report provides an in-depth analysis of the global soya bean market.
The price of Soya Bean in March 2023 remained almost unchanged at $668 per ton (CIF, India), compared to the previous month.
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