Price for Soya Beans; Other than Seed, Whether or Not Broken in Romania - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Romania (CIF) - 2023
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Romania (FOB) - 2023
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Romania
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Romania
Price for Soya Beans; Other than Seed, Whether or Not Broken in Romania (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $498 per ton, dropping by -20.5% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 11% month-to-month. As a result, import price attained the peak level of $626 per ton, and then declined dramatically in the following month.
As there is only one major supplying country, the average price level is determined by prices for Ukraine.
From November 2022 to September 2023, the rate of growth in terms of prices for Moldova amounted to +1.0% per month.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Romania (FOB) - 2023
In August 2023, the average export price for soya beans; other than seed, whether or not brokens amounted to $824 per ton, increasing by 5.8% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in July 2023 when the average export price increased by 27% month-to-month. Over the period under review, the average export prices reached the maximum in August 2023.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($986 per ton), while the average price for exports to Iran ($617 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+5.2%), 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 Romania
In 2022, imports of soya beans; other than seed, whether or not brokens into Romania skyrocketed to 320K tons, rising by 89% on 2021. Over the period under review, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 225% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of soya beans; other than seed, whether or not brokens skyrocketed to $179M in 2022. Overall, imports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when imports increased by 249%. 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 Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 18.5 | 54.2 | 66.0 | 75.1 | 59.5% |
| Ukraine | 0.7 | 12.6 | 2.4 | 74.9 | 374.7% |
| United States | N/A | 13.3 | 19.6 | 22.1 | 28.9% |
| Hungary | 2.3 | 1.5 | 2.0 | 2.7 | 5.5% |
| Moldova | 4.3 | 4.3 | 2.9 | 1.0 | -38.5% |
| Serbia | 1.1 | 9.3 | 0.6 | 0.1 | -55.0% |
| Others | 1.1 | 3.2 | 1.5 | 3.5 | 47.1% |
| Total | 28.1 | 98.2 | 94.9 | 179 | 85.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Romania in 2022:
- Ukraine (149.9K tons)
- Brazil (118.8K tons)
- United States (40.0K tons)
- Hungary (4.1K tons)
- Moldova (2.2K tons)
- Serbia (0.1K tons)
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Romania
In 2022, exports of soya beans; other than seed, whether or not brokens from Romania rose rapidly to 169K tons, with an increase of 7.5% against the year before. Over the period under review, exports, however, saw a abrupt descent.
In value terms, exports of soya beans; other than seed, whether or not brokens surged to $119M in 2022. Overall, total exports indicated a pronounced expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 38% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Soya Beans; Other than Seed, Whether or Not Broken in Romania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.9 | 7.1 | 11.0 | 31.5 | 42.4% |
| Germany | 21.9 | 17.2 | 11.4 | 24.2 | 3.4% |
| France | N/A | N/A | N/A | 21.2 | 0% |
| Turkey | 30.3 | 8.7 | 2.7 | 13.1 | -24.4% |
| Hungary | 7.5 | 5.9 | 9.8 | 12.6 | 18.9% |
| Austria | 7.6 | 8.5 | 9.2 | 10.7 | 12.1% |
| Serbia | N/A | N/A | 1.6 | 3.2 | 100.0% |
| Russia | 29.8 | 19.7 | 31.4 | N/A | 2.6% |
| Norway | N/A | N/A | 21.5 | N/A | 0% |
| Others | 0.5 | 6.4 | 2.7 | 2.6 | 73.2% |
| Total | 108 | 73.5 | 101 | 119 | 3.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Romania in 2022:
- Italy (54.8K tons)
- Germany (38.5K tons)
- Turkey (24.7K tons)
- Hungary (21.7K tons)
- Austria (15.6K tons)
- Serbia (5.7K tons)
- France (5.6K tons)
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This report provides an in-depth analysis of the soya bean market in Romania.
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This report provides an in-depth analysis of the global soya bean market.
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This report provides an in-depth analysis of the soya bean market in Romania.
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This report provides an in-depth analysis of the global soya bean market.
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