Japan: Soya Bean Market 2025

Soya Bean Market Size in Japan

The Japanese soya bean market surged to $X in 2021, with an increase of 25% against the previous year. The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Soya Bean Production in Japan

In value terms, soya bean production skyrocketed to $X in 2021 estimated in export price. Overall, production showed a pronounced downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by 84% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

In 2021, the average yield of soya beans in Japan contracted to X tons per ha, remaining relatively unchanged against the previous year. Overall, the yield saw a mild setback. The most prominent rate of growth was recorded in 2014 when the yield increased by 13% against the previous year. The soya bean yield peaked at X tons per ha in 2012; however, from 2013 to 2021, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Japan reached X ha in 2021, approximately reflecting the previous year. In general, the harvested area saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the harvested area increased by 7.9% against the previous year. The soya bean harvested area peaked at X ha in 2017; however, from 2018 to 2021, the harvested area remained at a lower figure.

Soya Bean Exports

Exports from Japan

In 2021, the amount of soya beans exported from Japan contracted to X tons, with a decrease of -9.6% compared with 2020. Over the period under review, exports saw a pronounced decrease. The pace of growth appeared the most rapid in 2019 with an increase of 92% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, soya bean exports surged to $X in 2021. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when exports increased by 143% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of soya bean exports from Japan, with a combined 66% share of total exports. These countries were followed by Germany, the United Arab Emirates, France and Italy, which together accounted for a further 31%.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +40.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for soya bean exported from Japan were the United States ($X), Germany ($X) and Hong Kong SAR ($X), together accounting for 70% of total exports. Taiwan (Chinese), the United Arab Emirates, France and Italy lagged somewhat behind, together comprising a further 28%.

The United Arab Emirates, with a CAGR of +56.7%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, growing by 40% against the previous year. Overall, the export price, however, saw a slight slump. The pace of growth was the most pronounced in 2013 an increase of 60%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+62.5%), while the prices for the other major destinations experienced more modest paces of growth.

Soya Bean Imports

Imports into Japan

In 2021, approx. X tons of soya beans were imported into Japan; picking up by 3.4% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of 15%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, soya bean imports surged to $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons) constituted the largest soya bean supplier to Japan, accounting for a 76% share of total imports. Moreover, soya bean imports from the United States exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-1.1% per year) and Canada (-3.5% per year).

In value terms, the United States ($X) constituted the largest supplier of soya bean to Japan, comprising 75% of total imports. The second position in the ranking was taken by Brazil ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-2.1% per year) and Canada (-3.9% per year).

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, growing by 35% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the country with the highest price was Canada ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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