Price for Soya Beans; Other than Seed, Whether or Not Broken in Russia - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Russia (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Russia (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Russia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Russia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Russia (CIF) - 2022
The average import price for soya beans; other than seed, whether or not brokens stood at $507 per ton in 2022, surging by 3.9% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 35%. Over the period under review, average import prices hit record highs at $524 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($509 per ton), while the price for Brazil totaled $507 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Russia (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $494 per ton, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2021 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($951 per ton), while the average price for exports to China ($468 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.8%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Russia
In 2022, approx. 1.8M tons of soya beans; other than seed, whether or not brokens were imported into Russia; growing by 8.3% compared with 2021. Overall, imports, however, recorded a slight setback.
In value terms, imports of soya beans; other than seed, whether or not brokens expanded significantly to $935M in 2022. The total import value increased at an average annual rate of +11.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 355 | 387 | 343 | 889 | 35.8% |
| Paraguay | 256 | 233 | 399 | 46.0 | -43.6% |
| Croatia | 9.8 | 35.8 | 46.3 | N/A | 117.4% |
| Serbia | 30.1 | 43.2 | 5.2 | N/A | -58.4% |
| Romania | 29.8 | 19.7 | 31.8 | N/A | 3.3% |
| Others | 1.1 | 1.0 | 5.6 | N/A | 125.6% |
| Total | 681 | 719 | 831 | 935 | 11.1% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Russia in 2022:
- Brazil (1754.4K tons)
- Paraguay (90.3K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Russia
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from Russia surged to 921K tons, growing by 27% against 2021 figures. Over the period under review, exports continue to indicate a relatively flat trend pattern.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $455M in 2022. The total export value increased at an average annual rate of +13.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 36% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 236 | 240 | 235 | 384 | 17.6% |
| United States | 12.5 | 40.3 | 22.5 | 31.3 | 35.8% |
| Kazakhstan | 13.2 | 9.3 | 20.4 | 22.9 | 20.2% |
| Turkey | 18.8 | 27.9 | 3.8 | 3.2 | -44.6% |
| Belarus | 9.0 | 88.8 | 55.8 | N/A | 149.0% |
| Others | 21.8 | 18.1 | 17.4 | 13.8 | -14.1% |
| Total | 312 | 425 | 355 | 455 | 13.4% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Russia in 2022:
- China (820.3K tons)
- Kazakhstan (40.6K tons)
- United States (33.0K tons)
- Turkey (6.2K tons)
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