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

Contents:

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

Price for Flours and Meals; of Soya Beans in Croatia (CIF) - 2022

In 2022, the average import price for flours and meals; of soya beanses amounted to $1,182 per ton, jumping by 17% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2013 an increase of 25% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Serbia ($1,443 per ton), while the price for Austria ($1,125 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for flours and meals; of soya beanses stood at $1,212 per ton in 2022, surging by 33% against the previous year. In general, the export price showed a moderate increase. The pace of growth appeared the most rapid in 2018 an increase of 156% against the previous year. Over the period under review, the average export prices reached the maximum at $1,657 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Slovenia ($1,357 per ton) and the UK ($1,329 per ton), while the average price for exports to Austria ($937 per ton) and Bosnia and Herzegovina ($1,170 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 the UK (+139.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Croatia

In 2022, after three years of growth, there was significant decline in purchases abroad of flours and meals; of soya beanses, when their volume decreased by -19.9% to 398 tons. Overall, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2020 when imports increased by 8.6%.

In value terms, imports of flours and meals; of soya beanses shrank to $471K in 2022. The total import value increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 15%. As a result, imports reached the peak of $502K, and then contracted in the following year.

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

1. Austria (327.8 tons)
2. Serbia (68.8 tons)

Exports of Flours and Meals; of Soya Beans in Croatia

Exports of flours and meals; of soya beanses from Croatia contracted slightly to 23 tons in 2022, shrinking by -2.7% against 2021. The total export volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 16%. As a result, the exports reached the peak of 24 tons, and then fell slightly in the following year.

In value terms, exports of flours and meals; of soya beanses soared to $28K in 2022. In general, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +58.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Slovenia (12.8 tons)
2. Austria (7.5 tons)
3. United Kingdom (1.5 tons)
4. Bosnia and Herzegovina (1.3 tons)
5. Montenegro (0.1 tons)

Source: IndexBox Market Intelligence Platform