Price for Soya Beans; Other than Seed, Whether or Not Broken in Slovakia - 2023
Contents:
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Slovakia (FOB) - 2022
- Price for Soya Beans; Other than Seed, Whether or Not Broken in Slovakia (CIF) - 2023
- Exports of Soya Beans; Other than Seed, Whether or Not Broken in Slovakia
- Imports of Soya Beans; Other than Seed, Whether or Not Broken in Slovakia
Price for Soya Beans; Other than Seed, Whether or Not Broken in Slovakia (FOB) - 2022
The average export price for soya beans; other than seed, whether or not brokens stood at $593 per ton in 2022, with an increase of 3.5% against the previous year. Overall, the export price, however, continues to indicate a mild descent. The most prominent rate of growth was recorded in 2021 when the average export price increased by 36% against the previous year. The export price peaked at $720 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($682 per ton), while the average price for exports to Romania ($420 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 the Czech Republic (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Soya Beans; Other than Seed, Whether or Not Broken in Slovakia (CIF) - 2023
In September 2023, the average import price for soya beans; other than seed, whether or not brokens amounted to $668 per ton, rising by 16% against the previous month. Over the last eleven-month period, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in April 2023 when the average import price increased by 36% against the previous month. The import price peaked at $821 per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($1,050 per ton), while the price for Ukraine ($488 per ton) was amongst the lowest.
From October 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (+23.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Soya Beans; Other than Seed, Whether or Not Broken in Slovakia
In 2022, exports of soya beans; other than seed, whether or not brokens from Slovakia skyrocketed to 104K tons, surging by 16% on the year before. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +23.5% 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 +88.3% against 2019 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 65% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, exports of soya beans; other than seed, whether or not brokens skyrocketed to $61M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 75%. 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 Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hungary | 5.2 | 10.0 | 25.3 | 21.3 | 60.0% |
| Germany | 2.9 | 7.7 | 12.1 | 13.0 | 64.9% |
| Austria | 2.4 | 6.7 | 6.8 | 11.7 | 69.6% |
| Romania | N/A | N/A | N/A | 7.0 | 0% |
| Italy | 0.1 | 0.1 | 0.1 | 4.6 | 258.3% |
| Czech Republic | 6.3 | 4.1 | 2.4 | 2.0 | -31.8% |
| Poland | 4.7 | 9.6 | 4.3 | 1.6 | -30.2% |
| Others | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Total | 21.8 | 38.2 | 51.1 | 61.5 | 41.3% |
Top Export Markets for Soya Beans; Other than Seed, Whether or Not Broken from Slovakia in 2022:
- Hungary (36.0K tons)
- Germany (19.5K tons)
- Austria (18.4K tons)
- Romania (16.6K tons)
- Italy (7.3K tons)
- Czech Republic (3.0K tons)
- Poland (2.7K tons)
Imports of Soya Beans; Other than Seed, Whether or Not Broken in Slovakia
For the fourth consecutive year, Slovakia recorded growth in supplies from abroad of soya beans; other than seed, whether or not brokens, which increased by 81% to 44K tons in 2022. In general, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of soya beans; other than seed, whether or not brokens soared to $27M in 2022. Overall, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Soya Beans; Other than Seed, Whether or Not Broken in Slovakia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ukraine | N/A | N/A | N/A | 13.8 | 0% |
| Hungary | N/A | 0.7 | N/A | 4.1 | 142.0% |
| Austria | 1.9 | 6.0 | 9.1 | 3.6 | 23.7% |
| Poland | 0.2 | 0.5 | 0.5 | 1.7 | 104.1% |
| Czech Republic | 0.2 | 0.3 | 0.9 | 1.2 | 81.7% |
| Germany | 0.1 | 0.1 | 0.9 | 1.2 | 128.9% |
| Netherlands | N/A | 0.1 | 0.3 | 0.6 | 144.9% |
| Serbia | N/A | N/A | 0.8 | 0.5 | -37.5% |
| Others | 3.5 | 0.3 | 0.3 | 0.5 | -47.7% |
| Total | 5.9 | 7.9 | 12.7 | 27.2 | 66.4% |
Top Suppliers of Soya Beans; Other than Seed, Whether or Not Broken to Slovakia in 2022:
- Ukraine (25.0K tons)
- Austria (6.7K tons)
- Hungary (4.7K tons)
- Poland (2.7K tons)
- Czech Republic (1.8K tons)
- Germany (1.2K tons)
- Netherlands (0.9K tons)
- Serbia (0.5K tons)
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This report provides an in-depth analysis of the soya bean market in Slovakia.
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