Bhutan: Soya Bean Market 2020

Soya Bean Market Size in Bhutan

The revenue of the soya bean market in Bhutan amounted to $X in 2018, reducing by -X% against the previous year. Over the period under review, soya bean consumption continues to indicate a deep setback. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Bhutan soya bean consumption peaked at $X in 2007; however, from 2008 to 2018, consumption failed to regain its momentum.

Soya Bean Production in Bhutan

In value terms, soya bean production stood at $X in 2018 estimated in export prices. In general, soya bean production continues to indicate a drastic slump. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. In that year, soya bean production attained its peak level of $X. From 2012 to 2018, soya bean production growth failed to regain its momentum.

In 2018, the average yield of soya beans in Bhutan stood at X kg per ha, coming down by -X% against the previous year. Over the period under review, the soya bean yield continues to indicate a mild slump. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. In that year, the soya bean yield attained its peak level of X ton per ha. From 2012 to 2018, the growth of the soya bean yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

Soya bean harvested area in Bhutan amounted to X ha in 2018, going down by -X% against the previous year. Over the period under review, the soya bean harvested area continues to indicate an abrupt deduction. The pace of growth was the most pronounced in 2017 when harvested area increased by X% year-to-year. Over the period under review, the harvested area dedicated to soya bean production reached its peak figure at X ha in 2007; however, from 2008 to 2018, harvested area failed to regain its momentum.

Soya Bean Exports

Exports from Bhutan

In 2018, the amount of soya beans exported from Bhutan amounted to X kg, declining by -X% against the previous year. Overall, soya bean exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2009 when exports decreased by -X% year-to-year. Over the period under review, soya bean exports reached their peak figure at X tons in 2007; however, from 2008 to 2018, exports remained at a lower figure.

In value terms, soya bean exports amounted to $X in 2018. Overall, soya bean exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2010 with a decrease of -X% y-o-y. Bhutan exports peaked at $X in 2007; however, from 2008 to 2018, exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the major exporter of soya beans in the world, with the volume of exports recording X tons, which was near X% of total exports in 2018. It was distantly followed by the U.S. (X tons), mixing up a X% share of total exports. Argentina (X tons), Paraguay (X tons), Canada (X tons), Uruguay (X tons) and Ukraine (X tons) held a minor share of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Ukraine, while the other leaders experienced more modest paces of growth.

In value terms, the largest soya bean markets from Bhutan were Brazil ($X), the U.S. ($X) and Argentina ($X), together accounting for X% of total exports. Canada, Paraguay, Uruguay, Ukraine and Bhutan lagged somewhat behind, together accounting for a further X recorded the highest rates of growth with regard to exports, among the main exporting countries over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the soya bean export price in Bhutan amounted to $X per ton, surging by X% against the previous year. In general, the soya bean export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2012 when the export price increased by X% year-to-year. In that year, the export prices for soya beans reached their peak level of $X per ton. From 2013 to 2018, the growth in terms of the export prices for soya beans remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the U.S. ($X per ton) and Canada ($X per ton), while Paraguay ($X per ton) and Uruguay ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced more modest paces of growth.

Soya Bean Imports

Imports into Bhutan

In 2018, approx. X kg of soya beans were imported into Bhutan; shrinking by -X% against the previous year. In general, soya bean imports continue to indicate a dramatic slump. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, soya bean imports attained their maximum at X tons in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, soya bean imports amounted to $X in 2018. Over the period under review, soya bean imports continue to indicate a dramatic contraction. The pace of growth was the most pronounced in 2016 with an increase of X% y-o-y. In that year, soya bean imports attained their peak of $X. From 2017 to 2018, the growth of soya bean imports remained at a somewhat lower figure.

Imports by Country

China dominates soya bean imports structure, finishing at X tons, which was near X% of total imports in 2018. Mexico (X tons), the Netherlands (X tons), Germany (X tons), Spain (X tons), Japan (X tons), Thailand (X tons), Turkey (X tons), Taiwan, Chinese (X tons) and Indonesia (X tons) occupied a minor share of total imports.

China was also the fastest-growing in terms of the soya beans imports, with a CAGR of +X% from 2007 to 2018. At the same time, Turkey (+X%), Indonesia (+X%), Thailand (+X%), Mexico (+X%) and Spain (+X%) displayed positive paces of growth. Taiwan, Chinese, the Netherlands and Germany experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported soya beans into Bhutan, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($X), with a X% share of global imports. It was followed by the Netherlands, with a X% share.

In China, soya bean imports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Mexico (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

In 2018, the soya bean import price in Bhutan amounted to $X per ton, lowering by -X% against the previous year. Over the period under review, the soya bean import price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 when the import price increased by X% year-to-year. In that year, the import prices for soya beans attained their peak level of $X per ton, and then declined slightly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2018, major importing countries recorded the following prices: in Indonesia ($X per ton) and Japan ($X per ton), while Mexico ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Indonesia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform