Report Update Nov 1, 2024

United Kingdom - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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United Kingdom: Soya Bean Market 2024

Soya Bean Market Size in the UK

The UK soya bean market reduced to $X in 2021, declining by -11.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a pronounced curtailment. Soya bean consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Soya Bean Exports

Exports from the UK

In 2021, overseas shipments of soya beans decreased by -96.5% to X tons, falling for the third year in a row after five years of growth. In general, exports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2014 when exports increased by 233%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, soya bean exports contracted remarkably to $X in 2021. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth was the most pronounced in 2015 when exports increased by 146%. Over the period under review, the exports attained the maximum at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Bulgaria (X tons), Ireland (X tons) and Romania (X tons) were the main destinations of soya bean exports from the UK, together comprising 66% of total exports.

From 2012 to 2021, the biggest increases were in Bulgaria (with a CAGR of +158.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) emerged as the key foreign market for soya bean exports from the UK, comprising 36% of total exports. The second position in the ranking was taken by Ireland ($X), with a 13% share of total exports. It was followed by Singapore, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to Bulgaria totaled +164.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-2.4% per year) and Singapore (+28.6% per year).

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, growing by 92% against the previous year. Overall, the export price showed a temperate expansion. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into the UK

In 2021, approx. X tons of soya beans were imported into the UK; dropping by -28.1% compared with the year before. Overall, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, soya bean imports shrank to $X in 2021. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2020 with an increase of 45% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Brazil (X tons) constituted the largest supplier of soya bean to the UK, with a 60% share of total imports. Moreover, soya bean imports from Brazil exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Brazil totaled -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+25.7% per year) and the United States (+22.3% per year).

In value terms, Brazil ($X) constituted the largest supplier of soya bean to the UK, comprising 59% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Brazil stood at -8.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+25.3% per year) and the United States (+18.1% per year).

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, with an increase of 28% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Canada ($X per ton) and Brazil ($X per ton), while the price for Ireland ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ireland (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?

The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, with a combined 68% share of global consumption.

What are the largest producers of soya beans in the world?

The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, together comprising 80% of global production. China, India, Paraguay and Canada lagged somewhat behind, together comprising a further 14%.

What are the leading suppliers of soya beans to the UK?

In value terms, Brazil constituted the largest supplier of soya bean to the UK, comprising 59% of total imports. The second position in the ranking was occupied by Canada, with a 23% share of total imports. It was followed by the United States, with an 11% share.

What are the leading importers of soya beans from the UK?

In value terms, India, Denmark and the Czech Republic constituted the largest markets for soya bean exported from the UK worldwide, together accounting for 86% of total exports.

What is the average export price for soya beans in the UK?

In 2021, the average soya bean export price amounted to $427 per ton, rising by 10% against the previous year.

What is the average import price for soya beans in the UK?

The average soya bean import price stood at $573 per ton in 2021, with an increase of 28% against the previous year.

This report provides an in-depth analysis of the soya bean market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 236 - Soybeans

Country coverage:

United Kingdom

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the UK
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2023
23. Production, In Value Terms, 2012–2023
24. Area Harvested, 2012–2023
25. Yield, 2012–2023
26. Imports, In Physical Terms, 2012–2023
27. Imports, In Value Terms, 2012–2023
28. Imports, In Physical Terms, By Country, 2023
29. Imports, In Physical Terms, By Country, 2012–2023
30. Imports, In Value Terms, By Country, 2012–2023
31. Import Prices, By Country Of Origin, 2012–2023
32. Exports, In Physical Terms, 2012–2023
33. Exports, In Value Terms, 2012–2023
34. Exports, In Physical Terms, By Country, 2023
35. Exports, In Physical Terms, By Country, 2012–2023
36. Exports, In Value Terms, By Country, 2012–2023
37. Export Prices, By Country Of Destination, 2012–2023