Price for Soya Beans; Seed, Whether or Not Broken in the Philippines - 2023
Contents:
- Price for Soya Beans; Seed, Whether or Not Broken in the Philippines (CIF) - 2022
- Imports of Soya Beans; Seed, Whether or Not Broken in the Philippines
Price for Soya Beans; Seed, Whether or Not Broken in the Philippines (CIF) - 2022
In 2022, the average import price for soya beans; seed, whether or not brokens amounted to $635 per ton, approximately equating the previous year. Overall, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $767 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to +3.2% per year.
Imports of Soya Beans; Seed, Whether or Not Broken in the Philippines
In 2022, after three years of growth, there was significant decline in overseas purchases of soya beans; seed, whether or not brokens, when their volume decreased by -98.8% to 204 tons. Over the period under review, imports continue to indicate a significant decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 238%.
In value terms, imports of soya beans; seed, whether or not brokens contracted markedly to $130K in 2022. Overall, imports saw a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 239% against the previous year.
| Import of Soya Beans; Seed, Whether or Not Broken in the Philippines (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1.7 | 5.8 | 9.6 | 0.1 | -61.1% |
| Canada | N/A | 0.3 | 1.0 | N/A | 233.3% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 1.8 | 6.1 | 10.7 | 0.1 | -61.8% |
Top Suppliers of Soya Beans; Seed, Whether or Not Broken to the Philippines in 2022:
- United States (202.9 tons)
2163
This report provides an in-depth analysis of the soya bean market in the Philippines.
5823
This report provides an in-depth analysis of the global soya bean market.
2163
This report provides an in-depth analysis of the soya bean market in the Philippines.
5823
This report provides an in-depth analysis of the global soya bean market.
111
Global demand for soya beans is expected to continue increasing over the next seven years, with market performance forecasted to accelerate and reach 451M tons by 2030. The market value is projected to grow to $278.3B by 2030.
300
Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
662
In 2021, the average annual soybean price soared by 43% y/y to $583 per ton. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.
684
The currently increasing demand for soybeans in biofuel production, animal feed and food products outpaced production growth, resulting in a significant hike in soya prices. Together with expectations of further price growth, it contributes to rising costs of many downstream products and accelerates food inflation. In China, rebuilding pig herds after swine fever outbreaks emerges as a new driver for the global market. Those factors highlight soybeans as an attractive commodity to invest in, leading to robust expansion of crop acreage in the U.S. and Brazil.
3988
Global Soybean Market: Soybean is widely used both in animal feeding and human consumption, with soyfeed taking the larger part of consumption. For human consumption such products as soy oil, soy milk, soy flour, soy protein, tofu and many retail food
3704
Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
13015
From 2008 to 2015, the global soya bean market was roller-coast in physical terms, showing an upward trend, overall. The last wave started from a local low point in 2012 at X million tons. Over the next two years, the market posted solid gains. How
1454
Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
1473
The volume of total imports on the global soya bean market in 2015 stood at X million tons. There was an annual increase of +X% for the period from 2008 to 2015. In value terms, imports of soya beans dropped to X billion USD in 2015, which was X
2393
According to a recently published report by IndexBox Marketing, China is the largest consumer on the soy beanmarket in the world. At the same time, X% of China's total consumption in 2015 accounted for imports. In 2016, according to Oil World data, th
