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.


Get FREE access to the latest data and statistics on the Soya Bean Market.

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 ton
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 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

COUNTRY201920202021CAGR,
2019-2021
USD per ton
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 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

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

Source: IndexBox Market Intelligence Platform

Store
Blog
Event
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!

Port Authority of New York and New Jersey
Buro Happold
IndexBox Inc.
EIT InnoEnergy
Ambient Energy, A Mead & Hunt Company
Weitzman School Of Design, University of Pennsylvania
Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!

Westbrook Stevens, LLC
Radicle
IndexBox Inc.
NCX
Mpowa
Digital20
Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!

Hyphen Global AG
JRP
IndexBox Inc.
SDXspace
JLL
Lynx Global Intelligence
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.

Centrica Energy Trading
Agromin
AFS Energy
IndexBox Inc.
Ecogen Brasil
Thyson Technology Ltd
Wind Energy Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global wind energy market.

IndexBox Inc.
MULTIPLIANCE
Grupo MAE Energías Renovables
Albanian Renewable Energy Association - AREA
CMS Cameron McKenna Nabarro
Solar Energy Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global solar energy market.

DLA Piper
IndexBox Inc.
MULTIPLIANCE
Suntuity
Grupo MAE Energías Renovables
Ørsted
Pfister Energy
Webinar: Global Biomass Market - Statistics, Regulation, and Outlook

Join our live webinar to get insights into the global biomass market.

UNDP
IndexBox Inc.
Instituto Mexicano del Petróleo
Center for Sustainable Future Technologies
Webinar: Global Recovered Paper Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global recovered paper market.

Recovered Paper Consulting, LLC
IndexBox Inc.
Mid America Paper Recycling
Group EcoBox OU
Webinar: Global Solid Biofuels Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global solid biofuels market.

Pond & Company
World Bioenergy Association
IndexBox Inc.
Energy Markets Global
Webinar: Global Lithium Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global lithium carbonate market.

Wood
EVShare
IndexBox Inc.
SPM