World - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
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Soya bean market: discover the most recent facts and figures enhanced by an Ai-driven market research platform. Information cover imports, market prices, exports, production, consumption, market size, trade, and companies. There is a breakdown by region, including the U.K., Russia, EU, the Middle East, China, Latin America, the U.S., and Africa. Market insights and forecast to 2030 are also featured in the snapshots.
Soya Bean - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | United States |
| 3 | Argentina |
| 4 | Brazil |
| 5 | India |
In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Argentina.
In China, the soya bean market expanded at an average annual rate of +2.8% over the period from 2019-2021. The remaining consuming countries recorded the following average annual rates of market growth: the United States (+10.2% per year) and Argentina (-3.4% per year).
Soya Bean Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Brazil | 352 | 344 | 407 | 7.5% |
| Argentina | 436 | 407 | 423 | -1.5% |
| Paraguay | 322 | 324 | 470 | 20.8% |
| United States | 357 | 400 | 519 | 20.6% |
| Canada | 451 | 436 | 544 | 9.8% |
| Average | 363 | 374 | 453 | 11.7% |
Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Canada ($544 per ton) and the United States ($519 per ton), while Brazil ($407 per ton) and Argentina ($423 per ton) were amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 453 | 471 | 632 | 18.1% |
| Mexico | 331 | 383 | 564 | 30.5% |
| Pakistan | 374 | 394 | 564 | 22.8% |
| Italy | 380 | 403 | 561 | 21.5% |
| Spain | 370 | 384 | 554 | 22.4% |
| Germany | 383 | 407 | 552 | 20.1% |
| Netherlands | 373 | 384 | 532 | 19.4% |
| Egypt | 390 | 319 | 481 | 11.1% |
| Thailand | 419 | 396 | 406 | -1.6% |
| Indonesia | 399 | 405 | 402 | 0.4% |
| China | 400 | 394 | 397 | -0.4% |
| Taiwan (Chinese) | 384 | 401 | 392 | 1.0% |
| Argentina | 353 | 373 | 364 | 1.5% |
| Average | 393 | 394 | 438 | 5.5% |
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($632 per ton), while Argentina ($364 per ton) was amongst the lowest.
From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Mexico, while the other global leaders experienced more modest paces of growth.
Soya Bean - Top Importers
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| China | 35 | 40 | 37 | 2.9% |
| Mexico | 1.9 | 2.2 | 3.1 | 26.6% |
| Egypt | 1.7 | 1.6 | 2.2 | 15.9% |
| Netherlands | 1.5 | 1.7 | 2.2 | 20.1% |
| Japan | 1.5 | 1.5 | 2.1 | 16.1% |
In value terms, China ($37.5B) constitutes the largest market for imported soya beans worldwide, comprising 53% of global imports. The second position in the ranking was occupied by Mexico ($3.1B), with a 4.4% share of global imports. It was followed by Egypt, with a 3.2% share.
In China, soya bean imports expanded at an average annual rate of +2.9% over the period from 2019-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+26.6% per year) and Egypt (+15.9% per year).
Soya Bean - Top Exporters
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 |
|---|---|---|---|---|
| billion USD | ||||
| Brazil | 26 | 29 | 35 | 15.8% |
| United States | 19 | 26 | 28 | 21.2% |
| Argentina | 4.1 | 3.3 | 3.7 | -4.9% |
| Paraguay | 1.6 | 2.1 | 3 | 37.4% |
| Canada | 2.1 | 1.9 | 2.4 | 7.8% |
In value terms, Brazil ($35B), the United States ($27.5B) and Argentina ($3.7B) appeared to be the countries with the highest levels of exports in 2021, together comprising 89% of global exports. These countries were followed by Paraguay and Canada, which together accounted for a further 7.2%.
Paraguay saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Soya Bean - Market Forecast
Driven by increasing demand for soya bean worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.
Soya Bean - Top Companies
F & W Farms, Inc., Howe-Otto, Inc., Hojeon Limited, Terra Santa Agro S/A, Bom Futuro Agrícola Ltda, Eraí Maggi Scheffer e Outros., VILUCO S.A., Ouro Safra Indústria e Comércio Ltda, Patricia Barbosa de Freitas, Risa S/A, MSU S.A., Agrinvest Brasil S/A., OLEGA S.A.C.I.I.A. y F., Agrícola Xingu S/A., Keshan County Minfeng Family Farm, Fazenda Parnaíba Empreendimentos Agrícolas Ltda., Fazenda Parnaiba Empreendimentos Agricolas Ltda, AGROPECUARIA CAMPOS NUEVOS S.A., Heilongjiang Qianjin Farm, Agropecuaria Masutti Ltda
Soya Bean - Product Coverage
- HS 1201 - Soya beans; whether or not broken
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:
- USA
- 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
+ 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:
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- COUNTRIES WITH TOP YIELDS
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
- HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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. 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
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Yield And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Area Harvested, 2012–2023
- Yield, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Harvested Area, By Country, 2023
- Harvested Area, By Country, 2012-2023
- Yield, By Country, 2012-2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
175
Explore the top import markets for Soya Bean, including China, Mexico, Japan, and more. Learn about their import values and key statistics in the global Soya Bean market.
602
In 2021, the average annual soybean price soared by 43% y/y to $583 per ton. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.
590
The currently increasing demand for soybeans in biofuel production, animal feed and food products outpaced production growth, resulting in a significant hike in soya prices. Together with expectations of further price growth, it contributes to rising costs of many downstream products and accelerates food inflation. In China, rebuilding pig herds after swine fever outbreaks emerges as a new driver for the global market. Those factors highlight soybeans as an attractive commodity to invest in, leading to robust expansion of crop acreage in the U.S. and Brazil.
3886
Global Soybean Market: Soybean is widely used both in animal feeding and human consumption, with soyfeed taking the larger part of consumption. For human consumption such products as soy oil, soy milk, soy flour, soy protein, tofu and many retail food
3252
Global soya bean consumption amounted to X thousand tons in 2015, stabilizing at the previous year level.
12747
From 2008 to 2015, the global soya bean market was roller-coast in physical terms, showing an upward trend, overall. The last wave started from a local low point in 2012 at X million tons. Over the next two years, the market posted solid gains. How
1381
Global production on the soya bean market was roller-coast over the period under review, rising with an annual growth rates at +X%. The most significant setback occurred in 2012 by X% Y-o-Y, and in the next two years production volume surged and reac
1349
The volume of total imports on the global soya bean market in 2015 stood at X million tons. There was an annual increase of +X% for the period from 2008 to 2015. In value terms, imports of soya beans dropped to X billion USD in 2015, which was X
2323
According to a recently published report by IndexBox Marketing, China is the largest consumer on the soy beanmarket 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, th
1245
The U.S. dominates in the global soya bean trade. In 2014, the U.S. exported X thousand tons of soya beans totaling X million USD, X% over the previous year. Its primary trading partner was China, where it supplied X% of its total soya be
