Price for Soya Beans; Other than Seed, Whether or Not Broken in Denmark - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Denmark (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Denmark (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Denmark
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Denmark
Price for Soya Beans; Other than Seed, Whether or Not Broken in Denmark (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $1,146 per ton, surging by 46% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $1,273 per ton in January 2023; however, from February 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 China.
From November 2022 to September 2023, the rate of growth in terms of prices for China amounted to -1.4% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Denmark (FOB) - 2023
In September 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $2,018 per ton, reducing by -7.6% against the previous month. In general, the export price saw a pronounced contraction. The pace of growth was the most pronounced in May 2023 when the average export price increased by 61% against the previous month. As a result, the export price attained the peak level of $2,866 per ton. From June 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Faroe Islands ($4,103 per ton), while the average price for exports to Iceland ($2,148 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+2.6%), 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 Denmark
In 2022, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -13.4% to 25K tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +2.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. As a result, imports reached the peak of 29K tons, and then declined in the following year.
In value terms, imports of soya beans; other than seed, whether or not brokens rose modestly to $30M in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +45.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
Import of Soya Beans; Other than Seed, Whether or Not Broken in Denmark (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
France | N/A | 0.7 | 4.0 | 5.3 | 175.2% |
Netherlands | 1.4 | 5.4 | 7.5 | 5.2 | 54.9% |
Slovenia | 1.1 | 2.0 | 1.3 | 4.4 | 58.7% |
China | 7.5 | 1.6 | 3.3 | 3.8 | -20.3% |
Germany | 8.9 | 3.8 | 6.0 | 3.6 | -26.0% |
Luxembourg | N/A | 1.5 | 1.6 | 3.3 | 48.3% |
Italy | 0.6 | 0.6 | 2.6 | 3.1 | 72.9% |
Kazakhstan | N/A | 2.7 | 0.4 | N/A | -85.2% |
Others | 0.9 | 2.8 | 1.6 | 0.9 | 0.0% |
Total | 20.3 | 21.0 | 28.3 | 29.5 | 13.3% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Denmark in 2022:
- Netherlands (4.9K tons)
- France (4.7K tons)
- Luxembourg (4.2K tons)
- Slovenia (3.7K tons)
- Germany (3.1K tons)
- Italy (2.4K tons)
- China (1.8K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Denmark
In 2022, overseas shipments of soya beans; other than seed, whether or not brokens were finally on the rise to reach 1.3K tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $2.7M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Soya Beans; Other than Seed, Whether or Not Broken in Denmark (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 1,158 | 1,015 | 739 | 2,116 | 22.3% |
Germany | 4.9 | N/A | 75.2 | 149 | 212.1% |
Finland | 52.7 | 67.6 | 98.6 | 111 | 28.2% |
Others | 57.8 | 148 | 496 | 278 | 68.8% |
Total | 1,273 | 1,231 | 1,409 | 2,654 | 27.7% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Denmark in 2022:
- Sweden (1092.3 tons)
- Germany (41.5 tons)
- Finland (35.6 tons)
This report provides an in-depth analysis of the soya bean market in Denmark.
This report provides an in-depth analysis of the global soya bean market.
This report provides an in-depth analysis of the soya bean market in Denmark.
This report provides an in-depth analysis of the global soya bean market.
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