Price for Soya Beans; Other than Seed, Whether or Not Broken in India - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in India (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in India (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in India
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in India
Price for Soya Beans; Other than Seed, Whether or Not Broken in India (CIF) - 2023
In July 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $594 per ton, falling by -5.1% against the previous month. Over the period under review, the import price saw a perceptible shrinkage. The pace of growth appeared the most rapid in January 2023 an increase of 2.9% against the previous month. Over the period under review, average import prices hit record highs at $758 per ton in November 2022; however, from December 2022 to July 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the highest price was recorded for prices from Benin ($621 per ton) and Niger ($621 per ton), while the price for Mozambique ($570 per ton) and Tanzania ($572 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Niger (-0.2%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in India (FOB) - 2023
The average export price for soya beans; other than seed, whether or not brokens stood at $629 per ton in July 2023, growing by 1.8% against the previous month. Over the period under review, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in January 2023 an increase of 41% m-o-m. As a result, the export price attained the peak level of $913 per ton. From February 2023 to July 2023, the the average export prices remained at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In July 2023, the country with the highest price was Saudi Arabia ($795 per ton), while the average price for exports to Nepal ($611 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in India
After three years of growth, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -20.4% to 489K tons in 2022. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 126% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens fell to $416M in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 167% against the previous year.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Benin | 18.9 | 133 | 31.9 | 145 | 97.2% |
| Togo | 15.2 | 72.1 | 80.5 | 137 | 108.1% |
| Burkina Faso | 1.1 | 4.0 | 11.6 | 35.9 | 219.6% |
| Mozambique | 8.6 | 18.7 | 101 | 24.1 | 41.0% |
| Tanzania | N/A | N/A | 117 | 16.9 | -85.6% |
| United Arab Emirates | 2.2 | 19.1 | 20.6 | 15.5 | 91.7% |
| Ethiopia | 50.3 | 8.8 | 23.0 | 12.2 | -37.6% |
| Malawi | 1.2 | 1.0 | 64.9 | 1.0 | -5.9% |
| Others | 9.1 | 29.0 | 38.2 | 29.0 | 47.2% |
| Total | 107 | 285 | 488 | 416 | 57.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken 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)
- Malawi (1.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in India
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 50K tons after two years of decline. Overall, exports, however, saw a abrupt downturn.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $47M in 2022. Over the period under review, exports, however, recorded a pronounced decrease.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 10.7 | 10.7 | 4.2 | 28.9 | 39.3% |
| United States | 29.7 | 17.2 | 6.4 | 6.4 | -40.0% |
| Turkey | N/A | N/A | N/A | 6.0 | 0% |
| Nepal | 0.8 | 0.9 | 1.7 | 2.8 | 51.8% |
| Sri Lanka | 0.3 | N/A | 1.0 | 2.0 | 88.2% |
| Belgium | 9.4 | 8.9 | 2.8 | 0.3 | -68.3% |
| Others | 2.9 | 1.1 | 1.9 | 0.4 | -48.3% |
| Total | 53.7 | 38.9 | 17.9 | 46.8 | -4.5% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from India in 2022:
- Canada (30.2K tons)
- Turkey (7.0K tons)
- United States (6.5K tons)
- Nepal (3.9K tons)
- Sri Lanka (2.2K tons)
- Belgium (0.3K tons)
2466
This report provides an in-depth analysis of the soya bean market in India.
5798
This report provides an in-depth analysis of the global soya bean market.
2466
This report provides an in-depth analysis of the soya bean market in India.
5798
This report provides an in-depth analysis of the global soya bean market.
471
The price of Soya Bean in March 2023 remained almost unchanged at $668 per ton (CIF, India), compared to the previous month.
111
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.
295
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.
657
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.
676
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.
3982
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
3690
Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
13006
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
1449
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
1466
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
