Gabon: Soya Bean Market 2020

Soya Bean Market Size in Gabon

The revenue of the soya bean market in Gabon amounted to $X in 2018, lowering by -X% against the previous year. Overall, the total market indicated a perceptible increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soya bean consumption decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Gabon soya bean consumption peaked at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Soya Bean Production in Gabon

In value terms, soya bean production totaled $X in 2018 estimated in export prices. In general, soya bean production continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. Gabon soya bean production peaked at $X in 2015; however, from 2016 to 2018, production failed to regain its momentum.

Average yield of soya beans in Gabon stood at X kg per ha in 2018, flattening at the previous year. Overall, the soya bean yield continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. In that year, the soya bean yield reached its peak level of X kg per ha. From 2014 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.

In 2018, the harvested area of soya beans in Gabon stood at X ha, growing 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. The global soya bean harvested area peaked in 2018 and is likely to continue its growth in the immediate term.

Soya Bean Exports

Exports by Country

Brazil represented the largest exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by the U.S. (X tons), achieving a X% share of total exports. Argentina (X tons), Paraguay (X tons), Canada (X tons), Uruguay (X tons) and Ukraine (X tons) occupied a little 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, Brazil ($X), the U.S. ($X) and Argentina ($X) appeared to be the countries with the highest levels of exports in 2018, together comprising X% of total exports. These countries were followed by Canada, Paraguay, Uruguay and Ukraine, which together accounted for a further X recorded the highest growth rate of exports, in terms of the main exporting countries 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 Gabon stood at $X per ton in 2018, approximately reflecting the previous year. Over the period under review, the soya bean export price continues to indicate a relatively flat trend pattern. Gabon export price peaked at $X per ton in 2015; however, from 2016 to 2018, export prices failed to regain their 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 Gabon

In 2018, the imports of soya beans into Gabon amounted to X tons, declining by -X% against the previous year. Overall, soya bean imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Gabon imports peaked at X tons in 2017, and then declined slightly in the following year.

In value terms, soya bean imports stood at $X in 2018. Overall, soya bean imports continue to indicate a slight downturn. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Gabon imports peaked at $X in 2014; however, from 2015 to 2018, imports failed to regain their momentum.

Imports by Country

China prevails in soya bean imports structure, reaching X tons, which was near 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. From 2007 to 2018, the share of China increased by +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported soya beans into Gabon, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($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 amounted to +X%. 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 Gabon amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the soya bean import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the import price increased by X% against the previous year. Over the period under review, the import prices for soya beans reached their peak figure at $X per ton in 2009; however, from 2010 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