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Romania - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSoya Bean Price in Romania - 2023
Contents:
- Soya Bean Price in Romania (CIF) - 2023
- Soya Bean Price in Romania (FOB) - 2023
- Soya Bean Imports in Romania
- Soya Bean Exports in Romania
Soya Bean Price in Romania (CIF) - 2023
In August 2023, the average soya bean import price amounted to $635 per ton, with an increase of 13% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in March 2023 an increase of 20% m-o-m. As a result, import price reached the peak level of $719 per ton. From April 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Bulgaria ($724 per ton), while the price for Slovenia ($454 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Soya Bean Price in Romania (FOB) - 2023
In July 2023, the average soya bean export price amounted to $782 per ton, growing by 27% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The export price peaked at $858 per ton in May 2023; however, from June 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was the Netherlands ($1,058 per ton), while the average price for exports to Ukraine ($572 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Soya Bean Imports in Romania
In 2022, the amount of soya beans imported into Romania skyrocketed to 328K tons, increasing by 86% compared with the previous year. Overall, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 208%. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, soya bean imports skyrocketed to $191M in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 200%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Soya Bean in Romania (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 18.5 | 54.2 | 66.0 | 75.1 | 59.5% |
Ukraine | 0.7 | 12.6 | 2.4 | 74.9 | 374.7% |
United States | 1.6 | 15.0 | 23.2 | 22.9 | 142.8% |
Netherlands | N/A | 0.3 | 2.8 | 6.9 | 379.6% |
Hungary | 2.5 | 1.9 | 2.0 | 2.7 | 2.6% |
Serbia | 2.2 | 10.3 | 2.0 | 1.3 | -16.1% |
Moldova | 4.3 | 4.3 | 2.9 | 1.0 | -38.5% |
Others | 5.6 | 7.6 | 3.7 | 6.1 | 2.9% |
Total | 35.4 | 106 | 105 | 191 | 75.4% |
Top Suppliers of Soya Bean to Romania in 2022:
- Ukraine (149.8K tons)
- Brazil (118.7K tons)
- United States (40.6K tons)
- Netherlands (5.9K tons)
- Hungary (4.1K tons)
- Moldova (2.2K tons)
- Serbia (1.0K tons)
Soya Bean Exports in Romania
In 2022, approx. 174K tons of soya beans were exported from Romania; picking up by 9.7% compared with 2021. Over the period under review, exports, however, recorded a abrupt shrinkage.
In value terms, soya bean exports surged to $126M in 2022. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.8% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 39%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
Export of Soya Bean in Romania (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 11.2 | 7.5 | 12.0 | 35.8 | 47.3% |
Germany | 21.9 | 17.2 | 11.8 | 24.6 | 4.0% |
France | N/A | 0.2 | 0.2 | 21.4 | 934.4% |
Turkey | 30.3 | 8.7 | 2.7 | 13.1 | -24.4% |
Hungary | 7.5 | 6.0 | 9.9 | 12.6 | 18.9% |
Austria | 8.0 | 9.0 | 9.9 | 10.8 | 10.5% |
Serbia | N/A | N/A | 1.6 | 3.3 | 106.2% |
Russia | 29.8 | 19.7 | 31.4 | 1.1 | -66.7% |
Norway | N/A | N/A | 21.5 | N/A | 0% |
Others | 0.5 | 6.7 | 3.2 | 2.8 | 77.6% |
Total | 109 | 74.8 | 104 | 126 | 4.9% |
Top Export Markets for Soya Bean from Romania in 2022:
- Italy (48.9K tons)
- Germany (33.3K tons)
- France (29.9K tons)
- Turkey (20.8K tons)
- Hungary (18.3K tons)
- Austria (13.3K tons)
- Serbia (4.8K tons)
- Russia (1.8K tons)
This report provides an in-depth analysis of the soya bean market in Romania. 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:
- Romania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Romania
- 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 Romania.
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 Romania.
This report provides an in-depth analysis of the global soya bean market.
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