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World - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Jan 1, 2025

World - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights

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Aug 15, 2016

Soya Bean Market - China Remains the Most Promising Market for Soybeans

Photo: © Elena Ermakova / Bigstockphoto

According to a recently published report by IndexBox Marketing, China is the largest consumer on the soya bean market in the world. At the same time, X% of China's total consumption in 2015 accounted for imports. In 2016, according to Oil World data, the volume of imports may be reduced in the current year by X% for the first time in X years, under the pressure of high yields in China and accumulated domestic production inventory. Nevertheless, the dependence on imports of soybeans will remain strong, despite a possible reduction in the share of imports in consumption by X percentage points, down to X%.

The volume of soybean consumption in China in 2015 amounted to X million tons, accounting for X% of the world's total consumption, which was equal to X million tons. The U.S. took second place in this ranking with a share of X%, followed by Argentina (X%), Brazil (X%), and other countries.

China was the fastest-growing market among the leaders in consumption, with an average annual rate of consumption growth of + X% from 2008 to 2015, while the growth rate of global soybean consumption amounted to only +X% over the same period. Due to the high rates of consumption, China's share of consumption in the global market has grown from X% in 2008 to X% in 2015.

The average annual growth rate of soybean consumption in the U.S. amounted to +X% from 2008 to 2015, which was significantly below China's level. There also were notable differences between these two leading countries in terms of production figures, imports, and exports. Thus, China imports a significant amount of products (with shipment volume amounting to X million tons in 2015), while the United States, on the other hand, exported X million tons in 2015.

Comparison Of Consumption, Production, Imports, and Exports In Top-10 Countries

Thus, the large amount of soybean consumption is common to these countries, but they have differences in the intensity of consumption of the product, and carry a variety of opportunities for both internal and external suppliers. For example, China and other key consumer countries on the soybean market can be assessed from the point of view of market development opportunities, using the following parameters:

• ability of countries to meet domestic demand for soybeans (the share of imports in total consumption); • the total current demand (consumption on the market);
• prospects for the demand expansion (per capita consumption).

The graph shows the top X countries in terms of soybean consumption in 2015 (the volume of the market in the countries is proportional to the size of the circles). The horizontal axis is marked with per capita rate of consumption, with the share of imports shown on the vertical axis. World averages for both indicators divide the graph into X quadrants.

First quadrant includes countries that depend on imports, with the share of imports in these countries being higher than the global average of X%. At the same time, the average per capita consumption rate of soybeans is below the world's average, which indicates the potential for market growth. China is located in this quadrant, having a rapid average annual growth rate of consumption. It is likely that this trend will continue, but experts note the strengthening in domestic production combined with a decrease in imports in 2016. If imports reduce further while production volume continues to increase along with consumption growth, China could move to the third quadrant, where self-sufficient countries in terms of soybeans consumption are located.

Russia and Mexico are also placed in the first quadrant, as they are dependent on imports, much like China. In 2015, China imported X million tons of soybeans, accounting for X% of global imports. Mexico is in second place with a X% share, while Russia accounts for X%. In addition, a number of European countries, namely the Netherlands, Germany, Spain, and Italy, are among the biggest importers. They are not displayed in the graph with quadrants due to their lower volume of consumption, but they have similar characteristics, such as the greater dependence on imports of soybeans at a relatively low per capita consumption.

Due to high shares of imports in total consumption, countries in the first quadrant are of great interest from the standpoint of foreign suppliers of soybeans.

In the case of a simultaneous increase in domestic production and imports, China could move to the second quadrant. This quadrant has great prospects for both importers and domestic suppliers, which is the result of a high demand. At this point, the second quadrant does not have any major consumers of soybeans.

The third quadrant houses the countries for which soybeans are a traditional product to a large extent. These countries have well-developed domestic production, which satisfies the majority of the domestic demand. Their average per capita consumption figures are higher than the global average. These countries include the U.S., Brazil, Argentina, Paraguay, Bolivia, and Ukraine. The countries in the third quadrant are the largest producers and some of the major suppliers of soybeans in the world.

The U.S. is the largest producer of soybeans, accounting for X million tons, or X% of the world's total volume of production in 2015. Brazil is next in line with a X% share, followed by Argentina with X%. Together, the countries of the third quadrant account for X% of the world's output, and for more than X% of global exports.

High volumes of soybean production in the countries of the third quadrant are in many ways the result of high fertility of the areas of cultivation. Thus, the yield of soybeans in the U.S., Brazil, Paraguay, and Argentina is almost double the world average. China is also noticeably lagging in terms of productivity, compared to the high yield values from these countries.

Countries in the third quadrant have low opportunities for foreign suppliers due to their developed soybean production, which satisfies the domestic demand and leaves room for exports.

The third quadrant presents the countries with lagging indices of per capita consumption. The bulk of consumption in this category is provided by domestic production. Countries in this quadrant are interesting because of their prospects in terms of market development, as there is an opportunity for sale of a large volume of products for both the foreign and domestic suppliers. As a result, a country in the fourth quadrant can move either to the first quadrant with the growth of imports, or to the third, if there are favorable conditions for the expansion of domestic production. India, one of the countries in this quadrant, has great potential for market development. However, due to a succession of poor harvests, India is showing a negative trend of consumption (average annual growth rate of -X% from 2008 to 2015).

This positioning allows us to describe the current situation of the players in the soybean market as well as to predict their further development. China, the largest global consumer at the moment, is in the quadrant of import-dependent countries. Given its large share of imports, China has minimal chances of moving to the quadrant of "self-sufficient" and export-oriented countries. The trend of substitution of imports in 2016 may be short-lived, having occurred due to the oversupplying of the market.

Do you want to know more about the China soya bean market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • soya bean market share
  • soya bean prices
  • soya bean industry
  • soya bean sales
  • soya bean market forecast
  • soya bean price forecast
  • key soya bean producers

Source: World: Soya Beans - Market Report. Analysis and Forecast to 2020

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global soya bean market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Kerry Inc., Fuji Oil Group, House Foods Group Inc, The WhiteWave Foods Company, E.I. du Pont de Nemours & Co., CHS Inc., Cargill Inc, The Scoular Company, Archer-Daniels Midland Co., Louis Dreyfus Company, Bunge Limited, Glencore International AG, Nidera S.A., Wilmar International Limited, Unilever, AMAGGI Group, SLC Agricola

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
    3. HARVESTED AREA AND YIELD BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Harvested Area, By Country, 2012-2024
    7. Yield, By Country, 2012-2024
    8. Imports, In Physical Terms, By Country, 2012–2024
    9. Imports, In Value Terms, By Country, 2012–2024
    10. Import Prices, By Country Of Destination, 2012–2024
    11. Exports, In Physical Terms, By Country, 2012–2024
    12. Exports, In Value Terms, By Country, 2012–2024
    13. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Yield And Growth
    12. Exports And Growth
    13. Export Prices And Growth
    14. Market Size And Growth
    15. Per Capita Consumption
    16. Imports And Growth
    17. Import Prices
    18. Production, In Physical Terms, 2012–2024
    19. Production, In Value Terms, 2012–2024
    20. Area Harvested, 2012–2024
    21. Yield, 2012–2024
    22. Production, By Country, 2024
    23. Production, In Physical Terms, By Country, 2012–2024
    24. Harvested Area, By Country, 2024
    25. Harvested Area, By Country, 2012-2024
    26. Yield, By Country, 2012-2024
    27. Imports, In Physical Terms, 2012–2024
    28. Imports, In Value Terms, 2012–2024
    29. Imports, In Physical Terms, By Country, 2024
    30. Imports, In Physical Terms, By Country, 2012–2024
    31. Imports, In Value Terms, By Country, 2012–2024
    32. Import Prices, By Country, 2012–2024
    33. Exports, In Physical Terms, 2012–2024
    34. Exports, In Value Terms, 2012–2024
    35. Exports, In Physical Terms, By Country, 2024
    36. Exports, In Physical Terms, By Country, 2012–2024
    37. Exports, In Value Terms, By Country, 2012–2024
    38. Export Prices, 2012–2024

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