Price for Soya Beans; Other than Seed, Whether or Not Broken in Indonesia - 2022
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (CIF) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (CIF) - 2022
In 2022, the average import price for soya beans; other than seed, whether or not brokens amounted to $690 per ton, surging by 16% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 47%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($709 per ton) and Argentina ($707 per ton), while the price for Canada ($584 per ton) and Brazil ($616 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (FOB) - 2022
In 2022, the average export price for soya beans; other than seed, whether or not brokens amounted to $691 per ton, picking up by 123% against the previous year. In general, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($733 per ton), while the average price for exports to Timor-Leste totaled $454 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+2.5%), while the prices for the other major destinations experienced a decline.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia
In 2022, the amount of soya beans; other than seed, whether or not brokens imported into Indonesia dropped to 2.4M tons, waning by -5.2% compared with 2021. Over the period under review, imports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 0.6% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens amounted to $1.6B in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 48%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,000 | 906 | 1,287 | 1,367 | 11.0% |
| Canada | 52.7 | 94.4 | 136 | 187 | 52.5% |
| Argentina | N/A | 0.3 | 52.1 | 43.0 | 1097.2% |
| Brazil | 7.1 | N/A | 5.3 | 26.8 | 55.7% |
| Others | 4.7 | 3.1 | 2.7 | 3.3 | -11.1% |
| Total | 1,065 | 1,003 | 1,483 | 1,627 | 15.2% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Indonesia in 2022:
- United States (1928.1K tons)
- Canada (319.7K tons)
- Argentina (60.8K tons)
- Brazil (43.4K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia
In 2022, shipments abroad of soya beans; other than seed, whether or not brokens was finally on the rise to reach 11K tons for the first time since 2019, thus ending a two-year declining trend. 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.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $7.7M in 2022. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 6.8 | 0% |
| Timor-Leste | 0.3 | 0.5 | 0.6 | 0.8 | 38.7% |
| Malaysia | 0.6 | N/A | N/A | N/A | 0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 1.1 | 0.5 | 0.7 | 7.7 | 91.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Indonesia in 2022:
- China (9.3K tons)
- Timor-Leste (1.8K tons)
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