Organic Soybean Market - Canada Loses Its Dominant Position in the Supplies of Organic Soybeans to the U.S.

Organic Food December 27, 2016
Author: Maria Fadeeva
Market Analyst

organic soybean market

Photo: © budabar / Bigstockphoto

From 2011 to 2015, U.S. organic soybean imports displayed a rapid growth trend, amounting to 240,175 thousand USD in 2015. There was an annual increase of 54.8% throughout the analyzed period.

According to IndexBox estimates, India became the dominant supplier on the U.S. organic soybean market, as Canada lost 70% of its share in terms of the U.S. organic soybean imports from 2011 to 2015. In 2015, India's organic soybean imports totaled 77,818 thousand USD, which accounted for a 32% share in terms of U.S. imports. Ukraine, Argentina, China, and Canada were the other key suppliers of organic soybeans in 2015, with a 57% combined share of total organic imports.

Argentina (+98.4% per year) and India (+95.5% per year) were the fastest growing exporters of organic soybeans to the U.S. from 2011 to 2015. Ukraine significantly strengthened its position in terms of U.S. organic soybean imports, growing its share from 0% in 2013 to 30% in 2015.

Import prices for organic soybeans grew by 3.9% annually from 2011 to 2015. The highest annual rates were recorded in Argentina (14.0%), followed by Canada (10.5%).

The average import price for organic soybean was 0.76 USD per kg in 2015. Import prices varied considerably by country of origin. Canada (0.97 USD/kg) was a high priced country of origin, while India (0.72 USD/kg) and Ukraine (0.73 USD/kg) were among the lowest.

U.S. Imports of Organic Soybeans, in Value Terms

Key Exporters of Organic Soybeans Into The U.S.

Do you want to know more about the U.S. organic soybean market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • organic soybean market share
  • organic soybean prices
  • organic soybean industry
  • organic soybean sales
  • organic soybean market forecast
  • organic soybean price forecast
  • key organic soybean producers

Source: U.S. Organic Soybean Market. Analysis and Forecast To 2020