Liberia: Soya Bean Market 2020

Soya Bean Market Size in Liberia

The revenue of the soya bean market in Liberia amounted to $X in 2018, increasing by X% against the previous year. The market value increased at an average annual rate of +X% from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Over the period under review, the soya bean market attained its peak figure level at $X in 2014; however, from 2015 to 2018, consumption remained at a lower figure.

Soya Bean Production in Liberia

In value terms, soya bean production totaled $X in 2018 estimated in export prices. In general, the total output indicated significant growth 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 production increased by +X% against 2016 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Over the period under review, soya bean production reached its maximum level at $X in 2014; however, from 2015 to 2018, production remained at a lower figure.

In 2018, the average soya bean yield in Liberia totaled X kg per ha, remaining relatively unchanged against the previous year. In general, the soya bean yield continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2012 when yield increased by X% y-o-y. Over the period under review, the soya bean yield reached its maximum level at X kg per ha in 2013; however, from 2014 to 2018, yield failed to regain its momentum. 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 Liberia amounted to X ha, remaining relatively unchanged against the previous year. Over the period under review, the soya bean harvested area continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when harvested area increased by X% year-to-year. In that year, the soya bean harvested area reached its peak level of X ha. From 2009 to 2018, the growth of the soya bean harvested area remained at a lower figure.

Soya Bean Exports

Exports by Country

Brazil was the major 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), 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, the largest soya bean markets from Liberia were Brazil ($X), the U.S. ($X) and Argentina ($X), with a combined X% share of total exports. These countries were followed by Canada, Paraguay, Uruguay and Ukraine, which together accounted for a further X terms of the main exporting countries, Ukraine recorded 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 Liberia stood at $X per ton in 2018, approximately mirroring the previous year. In general, the soya bean export price continues to indicate a relatively flat trend pattern.

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 Liberia

In 2018, the amount of soya beans imported into Liberia stood at X tons, coming down 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 2014 with an increase of X% against the previous year. Over the period under review, soya bean imports reached their peak figure at X tons in 2010; however, from 2011 to 2018, imports stood at a somewhat lower figure.

In value terms, soya bean imports totaled $X in 2018. In general, soya bean imports continue to indicate a sharp descent. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. In that year, soya bean imports reached their peak of $X. From 2015 to 2018, the growth of soya bean imports remained at a lower figure.

Imports by Country

China prevails in 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 ($X) constitutes the largest market for imported soya beans into Liberia, comprising X% of global imports. The second position in the ranking was occupied by Mexico ($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%. 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

The soya bean import price in Liberia stood at $X per ton in 2018, lowering by -X% against the previous year. In general, the soya bean import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% y-o-y. In that year, the import prices for soya beans attained their peak level of $X per ton. From 2015 to 2018, the growth in terms of the import prices for soya beans remained at a 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