Earlier Report Observations
The soybean market in French Polynesia grew from 30 094 kg in 2018 to a peak of 32 314 kg in 2021, supported by the adoption of the overarching 2021-2030 Agricultural Development Scheme. This strategic framework aimed to enhance market access and innovation for local farming, which helped maintain production and imports during this period.
A sharp contraction followed, with the market size declining to 15 000 kg by 2023. This downturn coincided with a broader consolidation in agriculture, highlighted by a 22% reduction in the number of farms over eleven years according to the 2023 general agricultural census. The economic slowdown noted in late 2024, along with ongoing challenges for local trading companies, further contributed to reduced market activity and import levels.
Institutional support for agriculture continued with land allocations for farming projects and initiatives to boost local agro-processing, such as a planned workshop in Rurutu. However, the overall market volume for soybeans remained at a diminished level compared to earlier in the period.
Table of content
- 1. Disclaimer
- 2. Terms of use of the report
- 3. Product codes in the statistical classifications used in the report
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4. Key Market Indicators and Trends
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4.1. Key Market Indicators
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4.1.1. In kind
- 4.1.1.1. Production, 2018-2023
- 4.1.1.2. Imports, 2018-2024
- 4.1.1.3. Exports, 2018-2024
- 4.1.1.4. Market size, 2018-2023
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4.1.1. In kind
- 4.2. Market Trends and Factors
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4.1. Key Market Indicators
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5. Production
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5.1. Production in French Polynesia
- 5.1.1. Annual dynamics of production in French Polynesia in kind, 2018-2023, kg
- 5.1.2. Annual dynamics of production in French Polynesia in value, 2018-2023, $ US
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5.2. Global production by Country, 2018-2023
- 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, kg
- 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
- 5.2.3. Annual dynamics of production by country in kind, 2018-2023, kg
- 5.2.4. Structure of production by countries in kind, 2018-2023
- 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
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5.1. Production in French Polynesia
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6. Imports
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6.1. Imports (Direct Data)
- 6.1.1. Imports - Total information
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6.1.2. Imports in kind, kg
- 6.1.2.1. Annual dynamics of product's imports to French Polynesia in kind, 2018-2024, kg
- 6.1.2.2. Dynamics of product's imports in kind to French Polynesia by countries, 2018-2024, kg
- 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.1.3. Imports in value, $ US
- 6.1.3.1. Annual dynamics of product's imports to French Polynesia in value, 2018-2024, $ US
- 6.1.3.2. Dynamics of product's imports in value to French Polynesia by countries, 2018-2024, $ US
- 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
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6.1.4. Average price of product's imports, $ US/t
- 6.1.4.1. Annual dynamics of average price of product's imports to French Polynesia, 2018-2024, $ US/t
- 6.1.4.2. Dynamics of average price of product's imports to French Polynesia by countries, 2018-2024, $ US/t
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6.2. Imports (Mirror Data)
- 6.2.1. Imports - Total information
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6.2.2. Imports in kind, kg
- 6.2.2.1. Annual dynamics of product's imports to French Polynesia in kind, 2018-2024, kg
- 6.2.2.2. Dynamics of product's imports in kind to French Polynesia by countries, 2018-2024, kg
- 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
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6.2.3. Imports in value, $ US
- 6.2.3.1. Annual dynamics of product's imports to French Polynesia in value, 2018-2024, $ US
- 6.2.3.2. Dynamics of product's imports in value to French Polynesia by countries, 2018-2024, $ US
- 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
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6.2.4. Average price of product's imports, $ US/t
- 6.2.4.1. Annual dynamics of average price of product's imports to French Polynesia, 2018-2024, $ US/t
- 6.2.4.2. Dynamics of average price of product's imports to French Polynesia by countries, 2018-2024, $ US/t
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6.1. Imports (Direct Data)
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7. Trade balance
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7.1. Trade balance (Direct Data)
- 7.1.1. In kind, kg
- 7.1.2. In value, $ US
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7.2. Trade balance (Mirror Data)
- 7.2.1. In kind, kg
- 7.2.2. In value, $ US
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7.1. Trade balance (Direct Data)
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8. Top buying and selling countries, 2018-2024
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8.1. Direct Data
- 8.1.1. Import in Value by Countries-buyers
- 8.1.2. Export in Value by Countries-suppliers
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8.2. Mirror Data
- 8.2.1. Import in Value by Countries-buyers
- 8.2.2. Export in Value by Countries-suppliers
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8.1. Direct Data
Production soybeans in French Polynesia
In kind, 2017-2020, kg
Top producers of soybeans, 2017-2020
World map of production of soybeans, 2017-2020
Soybean production in French Polynesia increased for the second consecutive year. In 2020, the region produced 28,000 kg of soybeans, representing a 12.0% increase compared to the previous year.
Annual dynamics of production in French Polynesia in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | n/a | 8.7% | 12.0% | - |
Exports soybeans from French Polynesia
According to market study findings, there were no soybean exports from French Polynesia between 2017 and 2020.
Imports soybeans to French Polynesia
Imports in kind, kg
French Polynesia's soybean import volume declined for the third consecutive year. In 2020, the region imported 3,431 kg of soybeans, which was 20.0% lower than in 2019. Over the period from 2017 to 2020, imports decreased by 71.4%, equivalent to an annualized decline of 34.1%.
Annual dynamics of product's imports to French Polynesia in kind, 2017-2020, kg
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (40.9%) | (39.5%) | (20.0%) | (34.1%) |
From 2017 to 2020, the United States remained the primary source of soybean imports to French Polynesia, accounting for 71.4% of total imports by volume. The remaining imports were distributed among other countries.
Structure of product's imports in kind by countries, 2017-2020
World map of product's imports to French Polynesia in kind, 2017-2020
Imports in value, $ US
French Polynesia's soybean import value declined for the third consecutive year. In 2020, the region imported soybeans worth $12,360, a decrease of 1.4% compared to 2019. Between 2017 and 2020, import value fell by 65.2%, translating to an annualized decline of 29.6%.
Annual dynamics of product's imports to French Polynesia in value, 2017-2020, $ US
| Parameter | 2018 | 2019 | 2020 | CAGR | |
|---|---|---|---|---|---|
| 1 | Change from last year | (39.9%) | (41.3%) | (1.4%) | (29.6%) |
From 2017 to 2020, two markets—the United States and China—dominated soybean imports in value terms, together accounting for 86.6% of total imports. The remaining imports were distributed among other destinations.
Structure of product's imports in value by countries, 2017-2020
World map of product's imports to French Polynesia in value, 2017-2020
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