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EU - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

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

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Jul 1, 2023

Guide to Successful Market Entry Strategy for Soybean in the European Union

Entering the European Union (EU) market with soya beans requires a well-planned strategy that takes into account market dynamics, regulations, and consumer preferences. In this guide, we will provide you with a step-by-step approach to help you successfully penetrate the EU market for soya beans.

1. Understand the Market

Before entering any market, it is essential to have a deep understanding of its dynamics. In this case, you need to analyze the consumption and import trends of soya beans in the EU.

Based on the data from the IndexBox platform, the top five countries in terms of consumption volume of soya beans in 2022 are:

  1. Germany: 3.473 million tons
  2. Spain: 3.212 million tons
  3. Italy: 3.124 million tons
  4. Netherlands: 2.16 million tons
  5. Portugal: 1.064 million tons

These countries offer significant potential for market entry due to their high consumption volumes. By targeting these countries, you can tap into their existing demand for soya beans.

Moreover, it is crucial to identify the top importers for soya beans, as they represent potential markets. The top five countries in terms of import value for soya beans in 2022, based on the IndexBox data, are:

  1. Germany: $2.185 billion
  2. Spain: $2.058 billion
  3. Netherlands: $1.658 billion
  4. Italy: $1.391 billion
  5. Portugal: $632.53 million

These figures highlight the economic potential of these markets and the willingness of consumers to pay for imported soya beans.

Lastly, it is essential to consider the import price of soya beans in different countries. The top five countries with the highest import prices in 2022, according to the IndexBox data, are:

  1. Luxembourg: $3.2 per kg
  2. Cyprus: $3.1 per kg
  3. Estonia: $1.9 per kg
  4. Lithuania: $1.7 per kg
  5. Malta: $1.3 per kg

Understanding the import prices can help you position your product competitively in the market.

2. Research Regulatory Requirements

The EU has stringent regulations regarding the import and sale of agricultural products, including soya beans. It is crucial to research and comply with these regulations to ensure a smooth market entry process.

Some key regulations to consider include:

  • EU Common Agricultural Policy (CAP): The CAP sets the overall framework for agricultural policies in the EU. It includes regulations related to subsidies, trade, and environmental sustainability.
  • EU Food Safety Standards: The EU has strict food safety standards that must be met by all imported products. This includes regulations on pesticide residues, genetically modified organisms (GMOs), and labeling requirements.
  • EU Organic Certification: If you are planning to target the organic market, you need to comply with the EU organic certification standards. These standards ensure that your soya beans are produced using organic farming practices.

It is advisable to consult with the relevant authorities and seek their guidance on the specific regulatory requirements for importing and selling soya beans in the EU.

3. Build Relationships with Authorities and Trade Associations

Establishing strong relationships with relevant authorities and trade associations can provide valuable support and guidance throughout the market entry process.

Some key authorities and trade associations to connect with include:

  • European Commission: The European Commission is responsible for implementing and enforcing EU regulations. They can provide information on regulatory requirements and trade policies.
  • European Food Safety Authority (EFSA): The EFSA plays a crucial role in assessing the safety of food and feed products. They can provide guidance on complying with food safety regulations.
  • European Feed Manufacturers' Federation (FEFAC): FEFAC represents the interests of the European animal feed industry. They can provide insights into the feed market and connect you with potential buyers.

Engaging with these authorities and trade associations can help you navigate the complex regulatory landscape and gain access to valuable market insights.

4. Identify Distribution Channels and Partners

To successfully enter the EU market, it is important to identify the most suitable distribution channels and partners. This will ensure that your soya beans reach the target consumers efficiently.

Some potential distribution channels and partners to consider include:

  • Wholesalers and Distributors: Partnering with established wholesalers and distributors can help you reach a wider customer base. They have existing networks and relationships with retailers and food manufacturers.
  • Retailers: Collaborating with retail chains can give you direct access to consumers. Consider approaching supermarkets, health food stores, and specialty stores that cater to health-conscious consumers.
  • Food Manufacturers: Explore partnerships with food manufacturers who use soya beans as ingredients in their products. This can open up new avenues for selling your soya beans.

Identify potential partners through market research, trade shows, and networking events.

5. Participate in Trade Shows and Exhibitions

Trade shows and exhibitions offer excellent opportunities to showcase your soya beans, network with industry professionals, and learn about the latest market trends.

Some notable trade shows and exhibitions in the EU for the soya bean industry include:

  • Anuga - Cologne, Germany
  • SIAL Paris - Paris, France
  • Fruit Logistica - Berlin, Germany
  • Food Ingredients Europe - Frankfurt, Germany
  • Alimentaria - Barcelona, Spain

Participating in these events can help you establish your brand, generate leads, and gain valuable market insights.

Conclusion

Entering the EU market with soya beans requires a strategic approach that considers market dynamics, regulations, and consumer preferences. By understanding the consumption and import trends, researching regulatory requirements, building relationships with authorities and trade associations, identifying distribution channels and partners, and participating in trade shows and exhibitions, you can increase your chances of a successful market entry.

For more comprehensive market intelligence and insights, you can leverage the IndexBox platform, which provides valuable data and analysis on the soya bean market and other agricultural sectors.

Source: IndexBox Market Intelligence Platform

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

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in the EU, split by region and country
  • Trade (exports and imports) in the EU
  • 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:

  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. 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. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    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
    • Austria
    • Belgium
    • Bulgaria
    • Croatia
    • Cyprus
    • Czech Republic
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Greece
    • Hungary
    • Ireland
    • Italy
    • Latvia
    • Lithuania
    • Luxembourg
    • Malta
    • Netherlands
    • Poland
    • Portugal
    • Romania
    • Slovakia
    • Slovenia
    • Spain
    • Sweden

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Harvested Area, By Country, 2012-2023
    7. Yield, By Country, 2012-2023
    8. Imports, In Physical Terms, By Country, 2012–2023
    9. Imports, In Value Terms, By Country, 2012–2023
    10. Import Prices, By Country Of Destination, 2012–2023
    11. Exports, In Physical Terms, By Country, 2012–2023
    12. Exports, In Value Terms, By Country, 2012–2023
    13. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    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, 2012–2023
    19. Production, In Value Terms, 2012–2023
    20. Area Harvested, 2012–2023
    21. Yield, 2012–2023
    22. Production, By Country, 2023
    23. Production, In Physical Terms, By Country, 2012–2023
    24. Harvested Area, By Country, 2023
    25. Harvested Area, By Country, 2012-2023
    26. Yield, By Country, 2012-2023
    27. Imports, In Physical Terms, 2012–2023
    28. Imports, In Value Terms, 2012–2023
    29. Imports, In Physical Terms, By Country, 2023
    30. Imports, In Physical Terms, By Country, 2012–2023
    31. Imports, In Value Terms, By Country, 2012–2023
    32. Import Prices, By Country, 2012–2023
    33. Exports, In Physical Terms, 2012–2023
    34. Exports, In Value Terms, 2012–2023
    35. Exports, In Physical Terms, By Country, 2023
    36. Exports, In Physical Terms, By Country, 2012–2023
    37. Exports, In Value Terms, By Country, 2012–2023
    38. Export Prices, 2012–2023

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