Report Mexico - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jun 1, 2025

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

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Mexico: Soya Bean Market 2025

Soya Bean Market Size in Mexico

The Mexican soya bean market expanded remarkably to $X in 2021, picking up by 12% against the previous year. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.2% against 2017 indices. Soya bean consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Soya Bean Production in Mexico

In value terms, soya bean production reduced slightly to $X in 2021 estimated in export price. Overall, production saw a pronounced reduction. The pace of growth was the most pronounced in 2014 when the production volume increased by 104% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

The average yield of soya beans in Mexico totaled X tons per ha in 2021, stabilizing at the previous year. In general, the yield, however, saw a slight curtailment. The pace of growth was the most pronounced in 2016 with an increase of 34% against the previous year. Over the period under review, the average soya bean yield attained the peak level at X tons per ha in 2014; however, from 2015 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of soya beans were harvested in Mexico; shrinking by -3.5% against 2020. Overall, the harvested area, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the harvested area increased by 31% against the previous year. The soya bean harvested area peaked at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Soya Bean Exports

Exports from Mexico

In 2021, overseas shipments of soya beans decreased by -48.6% to X tons, falling for the third consecutive year after two years of growth. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2013 with an increase of 908% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, soya bean exports reduced remarkably to $X in 2021. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 878% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for soya bean exports from Mexico, with a 85% share of total exports. Moreover, soya bean exports to the United States exceeded the volume sent to the second major destination, Suriname (X tons), more than tenfold. The third position in this ranking was taken by France (X tons), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +57.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (-9.2% per year) and France (+310.7% per year).

In value terms, the United States ($X) remains the key foreign market for soya bean exports from Mexico, comprising 82% of total exports. The second position in the ranking was taken by France ($X), with a 6.9% share of total exports. It was followed by Suriname, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +64.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+155.7% per year) and Suriname (-10.8% per year).

Export Prices by Country

In 2021, the average soya bean export price amounted to $X per ton, dropping by -36.4% against the previous year. Over the period under review, the export price showed a noticeable slump. The most prominent rate of growth was recorded in 2019 an increase of 71%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was France ($X per ton), while the average price for exports to Belize ($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 the United States (+4.5%), while the prices for the other major destinations experienced a decline.

Soya Bean Imports

Imports into Mexico

In 2021, supplies from abroad of soya beans increased by 19% to X tons, rising for the second year in a row after five years of decline. Over the period under review, imports recorded noticeable growth. The most prominent rate of growth was recorded in 2013 when imports increased by 133%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, soya bean imports expanded remarkably to $X in 2021. In general, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +11.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +74.5% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 112%. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X tons) and Brazil (X tons) were the main suppliers of soya bean imports to Mexico.

From 2012 to 2021, the biggest increases were in Brazil (with a CAGR of +24.4%).

In value terms, the United States ($X) constituted the largest supplier of soya bean to Mexico, comprising 82% of total imports. The second position in the ranking was taken by Brazil ($X), with an 18% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +9.7%.

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, falling by -4.2% against the previous year. Overall, the import price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 34% against the previous year. The import price peaked at $X per ton in 2020, and then dropped slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for Brazil totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of soya bean consumption in 2021 were China, the United States and Argentina, with a combined 68% share of global consumption.
The countries with the highest volumes of soya bean production in 2021 were Brazil, the United States and Argentina, with a combined 80% share of global production. China, India, Paraguay and Canada lagged somewhat behind, together comprising a further 14%.
In value terms, the United States constituted the largest supplier of soya bean to Mexico, comprising 82% of total imports. The second position in the ranking was occupied by Brazil, with an 18% share of total imports.
In value terms, the United States remains the key foreign market for soya bean exports from Mexico, comprising 92% of total exports. The second position in the ranking was occupied by Spain $615), with a 4.2% share of total exports. It was followed by Belize, with a 2.3% share.
In 2021, the average soya bean export price amounted to $599 per ton, reducing by -37.3% against the previous year.
The average soya bean import price stood at $541 per ton in 2021, increasing by 41% against the previous year.

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

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • 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 THE 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 EditionPRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and its Prospects

    1. MARKET SIZE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. MARKET STRUCTURE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    3. TRADE BALANCE: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    4. PER CAPITA CONSUMPTION: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    5. MARKET FORECAST TO 2035
  4. 4. MOST PROMISING PRODUCTS FOR DIVERSIFICATION

    Finding New Products to Diversify Your Business

    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCTS
    4. MOST TRADED PRODUCTS
    5. MOST PROFITABLE PRODUCTS FOR EXPORTS
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    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 Export

    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: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. IMPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. IMPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS: HISTORICAL DATA (2012–2024) AND FORECAST (2025–2035)
    2. EXPORTS BY COUNTRY: HISTORICAL DATA (2012–2024)
    3. EXPORT PRICES BY COUNTRY: HISTORICAL DATA (2012–2024)
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

  11. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Imports, In Physical Terms, By Country, 2012-2024
    6. Imports, In Value Terms, By Country, 2012-2024
    7. Import Prices, By Country, 2012-2024
    8. Exports, In Physical Terms, By Country, 2012-2024
    9. Exports, In Value Terms, By Country, 2012-2024
    10. Exports Prices, By Country, 2012-2024
  12. LIST OF FIGURES

    1. Market Volume, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    2. Market Value: Historical Data (2012–2024) and Forecast (2025–2035)
    3. Market Structure – Domestic Supply Vs. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    4. Market Structure – Domestic Supply Vs. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    5. Trade Balance, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    6. Trade Balance, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    7. Per Capita Consumption: Historical Data (2012–2024) and Forecast (2025–2035)
    8. Market Volume Forecast to 2035
    9. Market Value Forecast to 2035
    10. Market Size and Growth, by Product
    11. Average Per Capita Consumption, by Product
    12. Exports and Growth, by Product
    13. Export Prices and Growth, by Product
    14. Production Volume and Growth
    15. Yield and Growth
    16. Exports and Growth
    17. Export Prices and Growth
    18. Market Size and Growth
    19. Per Capita Consumption
    20. Imports and Growth
    21. Import Prices
    22. Production, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    23. Production, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    24. Harvested Area: Historical Data (2012–2024) and Forecast (2025–2035)
    25. Yield: Historical Data (2012–2024) and Forecast (2025–2035)
    26. Imports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    27. Imports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    28. Imports, in Physical Terms, by Country, 2024
    29. Imports, in Physical Terms, by Country, 2012-2024
    30. Imports, in Value Terms, by Country, 2012-2024
    31. Import Prices, by Country, 2012-2024
    32. Exports, in Physical Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    33. Exports, in Value Terms: Historical Data (2012–2024) and Forecast (2025–2035)
    34. Exports, in Physical Terms, by Country, 2024
    35. Exports, in Physical Terms, by Country, 2012-2024
    36. Exports, in Value Terms, by Country, 2012-2024
    37. Export Prices, by Country, 2012-2024

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