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Soya Bean Market

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.


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Soya Bean - World's Largest Markets

RatingCountry
1China
2United States
3Argentina
4Brazil
5India

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

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Brazil3523444077.5%
Argentina436407423-1.5%
Paraguay32232447020.8%
United States35740051920.6%
Canada4514365449.8%
Average36337445311.7%

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Canada ($544 per tonne) and the United States ($519 per tonne), while Brazil ($407 per tonne) and Argentina ($423 per tonne) 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

COUNTRY201920202021CAGR,
2019-2021
USD per tonne
Japan45347163218.1%
Mexico33138356430.5%
Pakistan37439456422.8%
Italy38040356121.5%
Spain37038455422.4%
Germany38340755220.1%
Netherlands37338453219.4%
Egypt39031948111.1%
Thailand419396406-1.6%
Indonesia3994054020.4%
China400394397-0.4%
Taiwan (Chinese)3844013921.0%
Argentina3533733641.5%
Average3933944385.5%

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 tonne), while Argentina ($364 per tonne) 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

COUNTRY201920202021CAGR,
2019-2021
billion USD
China3540372.9%
Mexico1.92.23.126.6%
Egypt1.71.62.215.9%
Netherlands1.51.72.220.1%
Japan1.51.52.116.1%

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

COUNTRY201920202021CAGR,
2019-2021
billion USD
Brazil26293515.8%
United States19262821.2%
Argentina4.13.33.7-4.9%
Paraguay1.62.1337.4%
Canada2.11.92.47.8%

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
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Blog
Event
World - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
2388

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

Africa - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
951

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

Australia and Oceania - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
391

This report provides an in-depth analysis of the soya bean market in Australia and Oceania.

Latin America and the Caribbean - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
330

This report provides an in-depth analysis of the soya bean market in Latin America and the Caribbean.

Middle East - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
298

This report provides an in-depth analysis of the soya bean market in the Middle East.

Northern America - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
294

This report provides an in-depth analysis of the soya bean market in Northern America.

South-Eastern Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
279

This report provides an in-depth analysis of the soya bean market in South-Eastern Asia.

Central Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
265

This report provides an in-depth analysis of the soya bean market in Central Asia.

Southern Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
245

This report provides an in-depth analysis of the soya bean market in Southern Asia.

Eastern Asia - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights
$499
May 19, 2022
223

This report provides an in-depth analysis of the soya bean market in Eastern Asia.

Category
Geography
Soya Beans Price per Ton April 2022
Jun 28, 2022
82
In Apr 2022, the average export soya bean price per ton amounted to $28,613, rising by 80% against the previous month.
Lower Supply in South America to Raise Soybean Price Forecast in 2022
Feb 11, 2022
262
In 2021, the average annual soybean price soared by 43% y/y to $583 per tonne. This year, soybean prices were expected to remain relatively stable, but shortages in supply are likely to spur their growth.  
Soybean Oil Prices to Gain 4% in 2022 Due to Boosting Demand for Biofuels
Jan 11, 2022
671
In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per tonne, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per tonne. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier. 
Soybean Production in the U.S. and Brazil to Expand Robustly Driven by Rising Demand from China
Jun 7, 2021
318
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. 
The Global Soybean Oil Market Continues to Grow Despite Languishing Demand for Biodiesel During the Pandemic
Apr 12, 2021
611
The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market. 
Which Country Consumes the Most Soya Beans in the World?
Feb 9, 2018
1876
Global soya bean consumption amounted to X thousand tonnes in 2015, stabilizing at the previous year level.
Which Country Consumes the Most Soya-bean Oil in the World?
Feb 9, 2018
1312
Global soybean oil consumption amounted to X thousand tonnes in 2015, picking up by +X% against the previous year level.
Which Country Exports the Most Soya-bean Oil in the World?
Feb 1, 2018
2465
Global soybean oil exports amounted to X thousand tonnes in 2015, picking up by +X% against the previous year level.
Which Country Imports the Most Soya-bean Oil in the World?
Jan 25, 2018
2476
Global soybean oil imports amounted to X thousand tonnes in 2015, jumping by +X% against the previous year level.
Which Country Produces the Most Soybean Oil in the World?
Nov 21, 2017
2851
In 2015, the countries with the highest levels of production were China (X thousand tonnes), the United States (X thousand tonnes), Brazil (X thousand tonnes), together accounting for X% of total output.

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