Price for Flours and Meals; of Soya Beans in Germany - 2023

Contents:

1. Price for Flours and Meals; of Soya Beans in Germany (CIF) - 2023
2. Price for Flours and Meals; of Soya Beans in Germany (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Germany
4. Exports of Flours and Meals; of Soya Beans in Germany

Price for Flours and Meals; of Soya Beans in Germany (CIF) - 2023

In September 2023, the average import price for flours and meals; of soya beanses amounted to $602 per ton, declining by -34.1% against the previous month. Overall, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 34% month-to-month. The import price peaked at $1,004 per ton in February 2023; however, from March 2023 to September 2023, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Brazil ($1,535 per ton), while the price for Serbia stood at $1,293 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Poland (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Flours and Meals; of Soya Beans in Germany (FOB) - 2022

In 2022, the average export price for flours and meals; of soya beanses amounted to $807 per ton, with an increase of 3.1% against the previous year. Overall, the export price, however, recorded a abrupt setback. The growth pace was the most rapid in 2018 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $1,647 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($2,347 per ton), while the average price for exports to the Netherlands ($325 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 Saudi Arabia (+6.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours and Meals; of Soya Beans in Germany

In 2022, purchases abroad of flours and meals; of soya beanses was finally on the rise to reach 46K tons after two years of decline. In general, imports, however, recorded a abrupt descent.

In value terms, imports of flours and meals; of soya beanses soared to $35M in 2022. Over the period under review, imports, however, continue to indicate a abrupt downturn.

Top Suppliers of Flours and Meals; of Soya Beans to Germany in 2022:

1. Belgium (20.9K tons)
2. Netherlands (15.4K tons)
3. Luxembourg (2.7K tons)
4. Austria (2.7K tons)
5. Poland (1.9K tons)
6. Italy (1.7K tons)

Exports of Flours and Meals; of Soya Beans in Germany

In 2022, exports of flours and meals; of soya beanses from Germany soared to 2.8K tons, surging by 75% on the previous year's figure. In general, exports, however, saw a deep contraction.

In value terms, exports of flours and meals; of soya beanses surged to $2.3M in 2022. Overall, exports, however, saw a abrupt decline.

Top Export Markets for Flours and Meals; of Soya Beans from Germany in 2022:

1. Netherlands (1997.6 tons)
2. Denmark (586.2 tons)
3. Romania (45.1 tons)

Source: IndexBox Market Intelligence Platform