Soya Bean Market Overview in Germany
In value terms, soya bean production declined to $ in 2018 estimated in export prices. Overall, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2013 when the production volume increased by % year-to-year. Soya bean production peaked at $ in 2017, and then reduced slightly in the following year.
In 2018, the average soya bean yield in Germany declined notably to tonnes per ha, waning by -% against the previous year's figure. Overall, the yield, however, recorded resilient growth. The pace of growth was the most pronounced in 2010 when the yield increased by % y-o-y. The soya bean yield peaked at tonnes per ha in 2017, and then declined rapidly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In 2018, the soya bean harvested area in Germany skyrocketed to ha, picking up by % compared with 2017. In general, the harvested area recorded a significant increase. The most prominent rate of growth was recorded in 2013 when the harvested area increased by % y-o-y. The soya bean harvested area peaked in 2018 and is likely to see steady growth in years to come.
The revenue of the soya bean market in Germany skyrocketed to $ in 2018, growing by % 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). Over the period under review, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 with an increase of % against the previous year. Soya bean consumption peaked at $ in 2013; however, from 2014 to 2018, consumption failed to regain the momentum.