Price for Flours and Meals; of Soya Beans in Australia - 2024

Contents:

1. Price for Flours and Meals; of Soya Beans in Australia (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Australia (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Australia
4. Exports of Flours and Meals; of Soya Beans in Australia

Price for Flours and Meals; of Soya Beans in Australia (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $658 per ton in 2022, declining by -2.2% against the previous year. In general, the import price recorded a slight curtailment. The pace of growth appeared the most rapid in 2019 when the average import price increased by 29% against the previous year. As a result, import price attained the peak level of $922 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,833 per ton), while the price for Indonesia ($14 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Flours and Meals; of Soya Beans in Australia (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $838 per ton in 2022, declining by -10.4% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the average export price increased by 50%. Over the period under review, the average export prices attained the maximum at $1,670 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($2,081 per ton), while the average price for exports to Fiji ($721 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 Fiji (+0.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours and Meals; of Soya Beans in Australia

In 2022, the amount of flours and meals; of soya beanses imported into Australia skyrocketed to 7.3K tons, picking up by 62% against 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flours and meals; of soya beanses skyrocketed to $4.8M in 2022. Overall, total imports indicated a slight increase from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flours and Meals; of Soya Beans to Australia in 2022:

1. China (5.7K tons)
2. Malaysia (1.2K tons)
3. Indonesia (0.2K tons)

Exports of Flours and Meals; of Soya Beans in Australia

In 2022, exports of flours and meals; of soya beanses from Australia soared to 5.4K tons, growing by 22% on 2021 figures. Over the period under review, exports, however, faced a dramatic descent. The pace of growth was the most pronounced in 2021 with an increase of 44%.

In value terms, exports of flours and meals; of soya beanses amounted to $4.6M in 2022. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year.

Top Export Markets for Flours and Meals; of Soya Beans from Australia in 2022:

1. New Zealand (2.5K tons)
2. Fiji (2.0K tons)
3. Papua New Guinea (0.8K tons)

Source: IndexBox Market Intelligence Platform