Moldova: Soya Bean Market 2020

Soya Bean Market Size in Moldova

The revenue of the soya bean market in Moldova amounted to $X in 2018, growing by X% against the previous year. Overall, soya bean consumption, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2010 when the market value increased by X% year-to-year. In that year, the soya bean market attained its peak level of $X. From 2011 to 2018, the growth of the soya bean market failed to regain its momentum.

Soya Bean Production in Moldova

In value terms, soya bean production stood at $X in 2018 estimated in export prices. In general, soya bean production continues to indicate a resilient increase. The growth pace was the most rapid in 2010 with an increase of X% y-o-y. Soya bean production peaked at $X in 2014; however, from 2015 to 2018, production stood at a somewhat lower figure.

In 2018, the average soya bean yield in Moldova amounted to X ton per ha, rising by X% against the previous year. Over the period under review, the soya bean yield continues to indicate tangible growth. The pace of growth appeared the most rapid in 2013 when yield increased by X% year-to-year. Over the period under review, the average soya bean yield attained its peak figure level at X ton per ha in 2014; however, from 2015 to 2018, yield stood at a somewhat 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 Moldova amounted to X ha, therefore, remained relatively stable against the previous year. Over the period under review, the soya bean harvested area continues to indicate a mild drop. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to soya bean production attained its maximum at X ha in 2015; however, from 2016 to 2018, harvested area failed to regain its momentum.

Soya Bean Exports

Exports from Moldova

In 2018, the soya bean exports from Moldova amounted to X tons, falling by -X% against the previous year. Over the period under review, soya bean exports continue to indicate a deep reduction. The growth pace was the most rapid in 2014 with an increase of X% y-o-y. Over the period under review, soya bean exports reached their peak figure at X tons in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

In value terms, soya bean exports stood at $X in 2018. Overall, soya bean exports continue to indicate a slight setback. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at $X in 2015; however, from 2016 to 2018, exports failed to regain their momentum.

Exports by Country

The UK (X tons) was the main destination for soya bean exports from Moldova, accounting for a X% share of total exports. Moreover, soya bean exports to the UK exceeded the volume sent to the second major destination, Romania (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+X% per year) and Greece (-X% per year).

In value terms, the UK ($X), Romania ($X) and Greece ($X) constituted the largest markets for soya bean exported from Moldova worldwide, together accounting for X% of total exports.

Among the main countries of destination, the UK recorded the highest growth rate of market size, over the period under review, while exports for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2018, going up by X% against the previous year. Over the period under review, the export price indicated significant growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soya bean export price increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Greece ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Greece, while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Moldova

In 2018, approx. X tons of soya beans were imported into Moldova; shrinking by -X% against the previous year. Overall, soya bean imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, soya bean imports attained their peak figure at X tons in 2007; however, from 2008 to 2018, imports remained at a lower figure.

In value terms, soya bean imports amounted to $X in 2018. Over the period under review, soya bean imports continue to indicate a sharp setback. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. Imports peaked at $X in 2007; however, from 2008 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Ukraine (X tons) constituted the largest supplier of soya bean to Moldova, with a X% share of total imports. Moreover, soya bean imports from Ukraine exceeded the figures recorded by the second-largest supplier, France (X tons), sixfold. Serbia (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Ukraine totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-X% per year) and Serbia (+X% per year).

In value terms, Ukraine ($X) constituted the largest supplier of soya bean to Moldova, comprising X% of total soya bean imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by Serbia, with a X% share.

From 2007 to 2018, the average annual growth rate of value from Ukraine amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and Serbia (+X% per year).

Import Prices by Country

The average soya bean import price stood at $X per ton in 2018, growing by X% against the previous year. Overall, the import price indicated resilient growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, soya bean import price increased by +X% against 2015 indices. The pace of growth appeared the most rapid in 2009 an increase of X% year-to-year. Over the period under review, the average import prices for soya beans reached their maximum in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Ukraine, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform