Price for Soya Beans; Other than Seed, Whether or Not Broken in New Zealand - 2024
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in New Zealand (CIF) - 2024
- Price for Soya Beans; Other than Seed, Whether or Not Broken in New Zealand (FOB) - 2022
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in New Zealand
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in New Zealand
Price for Soya Beans; Other than Seed, Whether or Not Broken in New Zealand (CIF) - 2024
The average import price for soya beans; other than seed, whether or not brokens stood at $1,128 per ton in September 2023, growing by 7.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1,154 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,284 per ton), while the price for Australia ($1,036 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Canada (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Soya Beans; Other than Seed, Whether or Not Broken in New Zealand (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $1,405 per ton in 2022, which is down by -7.5% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2016 when the average export price increased by 324%. Over the period under review, the average export prices attained the peak figure at $8,844 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Solomon Islands.
From 2012 to 2022, the rate of growth in terms of prices for Samoa amounted to +3.6% per year.
Imports of Soya Beans; Other than Seed, Whether or Not Broken in New Zealand
After three years of growth, overseas purchases of soya beans; other than seed, whether or not brokens decreased by -16.5% to 2.2K tons in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 13% against the previous year.
In value terms, imports of soya beans; other than seed, whether or not brokens fell slightly to $2.5M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $2.6M, and then shrank modestly in the following year.
Import of Soya Beans; Other than Seed, Whether or Not Broken in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 1,212 | 1,333 | 1,182 | 1,379 | 4.4% |
Australia | 586 | 680 | 1,269 | 950 | 17.5% |
China | 49.2 | 75.7 | 118 | 151 | 45.3% |
Others | 16.4 | 5.2 | 1.0 | 35.0 | 28.7% |
Total | 1,864 | 2,094 | 2,569 | 2,514 | 10.5% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to New Zealand in 2022:
- Canada (1217.6 tons)
- Australia (877.3 tons)
- China (66.9 tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in New Zealand
In 2022, the amount of soya beans; other than seed, whether or not brokens exported from New Zealand soared to 4.4 tons, increasing by 166% compared with the previous year. Overall, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 311%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of soya beans; other than seed, whether or not brokens soared to $6.2K in 2022. Over the period under review, exports showed a significant expansion. 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 New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Solomon Islands | 0.4 | 1.5 | 2.0 | 6.2 | 149.3% |
Hong Kong SAR | N/A | 1.1 | N/A | N/A | 0% |
Samoa | N/A | 0.6 | 0.5 | N/A | -16.7% |
Others | 1.2 | 0.2 | 0.1 | N/A | -71.1% |
Total | 1.6 | 3.4 | 2.5 | 6.2 | 57.1% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from New Zealand in 2022:
- Solomon Islands (4.4 tons)
This report provides an in-depth analysis of the soya bean market in New Zealand.
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This report provides an in-depth analysis of the soya bean market in New Zealand.
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