Democratic Republic of the Congo: Soya Bean Market 2020

Soya Bean Market Size in Democratic Republic of the Congo

The revenue of the soya bean market in Democratic Republic of the Congo amounted to $X in 2018, shrinking by -X% against the previous year. In general, soya bean consumption continues to indicate moderate growth. The most prominent rate of growth was recorded in 2015 with an increase of X% year-to-year. In that year, the soya bean market attained its peak level of $X. From 2016 to 2018, the growth of the soya bean market remained at a lower figure.

Soya Bean Production in Democratic Republic of the Congo

In value terms, soya bean production amounted to $X in 2018 estimated in export prices. In general, soya bean production continues to indicate a mild slump. The pace of growth appeared the most rapid in 2015 with an increase of X% year-to-year. In that year, soya bean production reached its peak level of $X. From 2016 to 2018, soya bean production growth failed to regain its momentum.

Average yield of soya beans in Democratic Republic of the Congo stood at X kg per ha in 2018, therefore, remained relatively stable against the previous year. Over the period under review, the soya bean yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when yield increased by X% y-o-y. The global soya bean yield peaked in 2018 and is expected to retain its growth in the immediate term. 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 Democratic Republic of the Congo amounted to X ha in 2018, going up by X% against the previous year. The harvested area increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to soya bean production reached its peak figure in 2018 and is likely to see steady growth in the near future.

Soya Bean Exports

Exports from Democratic Republic of the Congo

Soya bean exports from Democratic Republic of the Congo totaled X tons in 2018, declining by -X% against the previous year. Overall, soya bean exports continue to indicate a drastic curtailment. The most prominent rate of growth was recorded in 2010 when exports increased by X% y-o-y. Over the period under review, soya bean exports reached their maximum at X tons in 2014; however, from 2015 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 an abrupt reduction. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Democratic Republic of the Congo exports peaked at $X in 2015; however, from 2016 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Brazil (X tons) represented the largest exporter of soya beans, constituting X% of total exports. It was distantly followed by the U.S. (X tons), making up a X% share of total exports. The following exporters - Argentina (X tons), Paraguay (X tons), Canada (X tons), Uruguay (X tons) and Ukraine (X tons) - together made up X% 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, Brazil ($X), the U.S. ($X) and Argentina ($X) were the countries with the highest levels of exports in 2018, with a combined X% share of total exports. These countries were followed by Canada, Paraguay, Uruguay, Ukraine and Democratic Republic of the Congo, which together accounted for a further X terms of the main exporting countries, Ukraine experienced the highest rates of growth with regard to exports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Export Prices by Country

The soya bean export price in Democratic Republic of the Congo stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the soya bean export price continues to indicate a drastic contraction. The growth pace was the most rapid in 2015 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 2016 to 2018, the growth in terms of the export prices for soya beans failed to regain its momentum.

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 Democratic Republic of the Congo

Soya bean imports into Democratic Republic of the Congo amounted to X tons in 2018, jumping by X% against the previous year. In general, soya bean imports, however, continue to indicate a deep drop. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Democratic Republic of the Congo imports peaked at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, soya bean imports totaled $X in 2018. In general, soya bean imports, however, continue to indicate an abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X% y-o-y. Over the period under review, soya bean imports attained their peak figure at $X in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

Imports by Country

China dominates soya bean imports structure, accounting for X tons, which was approx. X% of total imports in 2018. The following importers - 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) - together made up X% 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. China (+X p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and the Netherlands (+X% per year).

Import Prices by Country

The soya bean import price in Democratic Republic of the Congo stood at $X per ton in 2018, jumping by X% against the previous year. Overall, the soya bean import price continues to indicate a remarkable expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Democratic Republic of the Congo import price peaked at $X per ton in 2012; however, from 2013 to 2018, import prices stood at a somewhat lower figure.

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