Price for Soya Beans; Seed, Whether or Not Broken in Turkey - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in Turkey (FOB) - 2022
- Price for Soya Beans; Seed, Whether or Not Broken in Turkey (CIF) - 2022
- Exports of Soya Beans; Seed, Whether or Not Broken in Turkey
- Imports of Soya Beans; Seed, Whether or Not Broken in Turkey
Price for Soya Beans; Seed, Whether or Not Broken in Turkey (FOB) - 2022
The average export price for soya beans; seed, whether or not brokens stood at $1,679 per ton in 2022, waning by -3.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 78% against the previous year. The export price peaked at $2,190 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Azerbaijan ($1,733 per ton) and Uzbekistan ($1,674 per ton), while the average price for exports to Syrian Arab Republic ($1,517 per ton) and Turkmenistan ($1,591 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (-2.3%), while the prices for the other major destinations experienced a decline.
Price for Soya Beans; Seed, Whether or Not Broken in Turkey (CIF) - 2022
The average import price for soya beans; seed, whether or not brokens stood at $5,650 per ton in 2022, picking up by 88% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 151%. Over the period under review, average import prices reached the maximum at $16,322 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +138.6% per year.
Exports of Soya Beans; Seed, Whether or Not Broken in Turkey
In 2022, exports of soya beans; seed, whether or not brokens from Turkey skyrocketed to 542 tons, picking up by 168% against the previous year's figure. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; seed, whether or not brokens soared to $910K in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Seed, Whether or Not Broken in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Uzbekistan | N/A | N/A | N/A | 543 | 0% |
| Azerbaijan | 168 | 176 | 329 | 281 | 18.7% |
| Syrian Arab Republic | 3.6 | 3.5 | 17.4 | 78.7 | 179.6% |
| Turkmenistan | 165 | 52.5 | N/A | 3.2 | -73.1% |
| Others | 7.2 | 1.1 | 4.3 | 5.2 | -10.3% |
| Total | 344 | 233 | 351 | 910 | 38.3% |
Top Export Markets for Soya Beans; Seed, Whether or Not Broken from Turkey in 2022:
- Uzbekistan (324.1 tons)
- Azerbaijan (162.0 tons)
- Syrian Arab Republic (51.9 tons)
- Turkmenistan (2.0 tons)
Imports of Soya Beans; Seed, Whether or Not Broken in Turkey
After three years of growth, supplies from abroad of soya beans; seed, whether or not brokens decreased by -98.3% to 40 kg in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 1,505%. As a result, imports reached the peak of 2.4 tons, and then shrank sharply in the following year.
In value terms, imports of soya beans; seed, whether or not brokens fell markedly to $226 in 2022. In general, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 196%. As a result, imports reached the peak of $7.2K, and then fell sharply in the following year.
| Import of Soya Beans; Seed, Whether or Not Broken in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | N/A | 2.1 | 5.1 | 0.2 | -69.1% |
| Iran | N/A | N/A | 1.8 | N/A | 0% |
| Canada | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.9 | 0.4 | 0.1 | N/A | -66.7% |
| Total | 0.9 | 2.4 | 7.2 | 0.2 | -39.4% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to Turkey in 2022:
- United States (40.0 kg)
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