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

Contents:

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

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

In 2022, the average export price for flours and meals; of soya beanses amounted to $657 per ton, increasing by 3.5% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. The export price peaked at $739 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($890 per ton), while the average price for exports to Lesotho ($527 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 Mozambique (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for flours and meals; of soya beanses amounted to $3,315 per ton, picking up by 117% against the previous year. In general, the import price posted a noticeable expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 314%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($3,356 per ton), while the price for Zambia ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+20.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Flours and Meals; of Soya Beans in South Africa

In 2022, overseas shipments of flours and meals; of soya beanses were finally on the rise to reach 6.3K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of flours and meals; of soya beanses skyrocketed to $4.1M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +16.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +69.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Zimbabwe (2515.0 tons)
2. Swaziland (1945.8 tons)
3. Lesotho (749.4 tons)
4. Namibia (578.8 tons)
5. Botswana (360.3 tons)
6. Zambia (10.7 tons)

Imports of Flours and Meals; of Soya Beans in South Africa

In 2022, approx. 359 tons of flours and meals; of soya beanses were imported into South Africa; reducing by -41.2% against 2021 figures. Over the period under review, imports showed a pronounced slump. The pace of growth was the most pronounced in 2021 when imports increased by 160% against the previous year. As a result, imports reached the peak of 611 tons, and then reduced markedly in the following year.

In value terms, imports of flours and meals; of soya beanses surged to $1.2M in 2022. In general, imports, however, showed a modest increase. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

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

1. United States (319.1 tons)
2. China (31.8 tons)
3. United Kingdom (8.0 tons)

Source: IndexBox Market Intelligence Platform