Price for Flours and Meals; of Soya Beans in India - 2023
Contents:
- Price for Flours and Meals; of Soya Beans in India (FOB) - 2023
- Price for Flours and Meals; of Soya Beans in India (CIF) - 2022
- Exports of Flours and Meals; of Soya Beans in India
- Imports of Flours and Meals; of Soya Beans in India
Price for Flours and Meals; of Soya Beans in India (FOB) - 2023
The average export price for flours and meals; of soya beanses stood at $922 per ton in July 2023, rising by 3.5% against the previous month. Overall, the export price, however, showed a mild decline. The pace of growth appeared the most rapid in March 2023 an increase of 9.2% month-to-month. Over the period under review, the average export prices attained the maximum at $1,013 per ton in November 2022; however, from December 2022 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Mexico ($2,015 per ton), while the average price for exports to Sri Lanka ($561 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-0.2%), while the prices for the other major destinations experienced a decline.
Price for Flours and Meals; of Soya Beans in India (CIF) - 2022
In 2022, the average import price for flours and meals; of soya beanses amounted to $973 per ton, with an increase of 12% against the previous year. In general, the import price, however, recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 19%. As a result, import price attained the peak level of $1,425 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($3,905 per ton), while the price for Egypt ($888 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Flours and Meals; of Soya Beans in India
In 2022, overseas shipments of flours and meals; of soya beanses decreased by -25.6% to 10K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a dramatic curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by 11% against the previous year. As a result, the exports attained the peak of 24K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of flours and meals; of soya beanses fell notably to $11M in 2022. In general, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 19%. As a result, the exports reached the peak of $17M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Flours and Meals; of Soya Beans in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 8.5 | 9.5 | 7.6 | 6.2 | -10.0% |
| Sri Lanka | N/A | 0.1 | 0.5 | 1.0 | 216.2% |
| Bangladesh | 0.2 | 0.6 | 0.3 | 0.5 | 35.7% |
| Canada | 0.1 | 0.6 | 0.4 | 0.4 | 58.7% |
| Saudi Arabia | 0.5 | 0.3 | 0.3 | 0.4 | -7.2% |
| France | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Nepal | 0.1 | 0.2 | 0.1 | 0.3 | 44.2% |
| United States | 1.1 | 3.3 | 0.9 | 0.2 | -43.3% |
| Sweden | 2.9 | 1.6 | 1.5 | N/A | -28.1% |
| Others | 1.1 | 1.2 | 1.6 | 1.2 | 2.9% |
| Total | 14.6 | 17.5 | 13.5 | 10.6 | -10.1% |
Top Export Markets for Flours and Meals; of Soya Beans from India in 2022:
- South Korea (6.1K tons)
- Sri Lanka (1.2K tons)
- Bangladesh (0.7K tons)
- France (0.4K tons)
- Saudi Arabia (0.3K tons)
- Nepal (0.3K tons)
- Canada (0.2K tons)
- United States (0.2K tons)
Imports of Flours and Meals; of Soya Beans in India
In 2022, supplies from abroad of flours and meals; of soya beanses decreased by -67.7% to 61 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 4,591%.
In value terms, imports of flours and meals; of soya beanses contracted dramatically to $59K in 2022. In general, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 2,765%.
| Import of Flours and Meals; of Soya Beans in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | N/A | N/A | N/A | 50.6 | 0% |
| Japan | N/A | N/A | N/A | 4.5 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 3.9 | 0% |
| Sweden | N/A | 13.9 | N/A | N/A | 0% |
| Taiwan (Chinese) | N/A | N/A | 90.9 | N/A | 0% |
| Australia | N/A | 69.7 | 65.6 | N/A | -5.9% |
| Others | 2.9 | 0.1 | 6.1 | 0.1 | -67.5% |
| Total | 2.9 | 83.6 | 163 | 59.1 | 173.1% |
Top Suppliers of Flours and Meals; of Soya Beans to India in 2022:
- Egypt (57.0 tons)
- United Arab Emirates (2.5 tons)
- Japan (1.1 tons)
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