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

Contents:

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

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

The average import price for flours and meals; of soya beanses stood at $504 per ton in September 2023, increasing by 41% against the previous month. Over the period under review, import price indicated a mild expansion from November 2022 to September 2023: its price increased at an average monthly rate of +1.5% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for flours and meals; of soya beanses increased by +43.5% against July 2023 indices. The import price peaked at $599 per ton in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the UK.

From November 2022 to September 2023, the rate of growth in terms of prices for the UK amounted to +2.0% per month.

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

The average export price for flours and meals; of soya beanses stood at $495 per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 29%. As a result, the export price reached the peak level of $650 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -1.3% per year.

Imports of Flours and Meals; of Soya Beans in Ireland

In 2022, overseas purchases of flours and meals; of soya beanses were finally on the rise to reach 17K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a dramatic decrease.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $7.1M in 2022. Over the period under review, imports, however, continue to indicate a deep setback.

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

1. United Kingdom (16.6K tons)

Exports of Flours and Meals; of Soya Beans in Ireland

In 2022, exports of flours and meals; of soya beanses from Ireland dropped sharply to 631 tons, which is down by -17.2% on the previous year. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 13%.

In value terms, exports of flours and meals; of soya beanses declined notably to $312K in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of $373K, and then dropped dramatically in the following year.

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

1. United Kingdom (626.5 tons)

Source: IndexBox Market Intelligence Platform