Report World - Soya Beans - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 10, 2023

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

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Global Soya Bean Market 2023

Soya Bean Market Size

In 2021, the global soya bean market increased by 13% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Global consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Soya Bean Production

In value terms, soya bean production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. Global production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were Brazil (X tons), the United States (X tons) and Argentina (X tons), with a combined 79% share of global production. China, India, Paraguay and Canada lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the biggest increases were in Paraguay (with a CAGR of +9.4%), while production for the other global leaders experienced more modest paces of growth.

In 2021, the global average yield of soya beans reduced to X tons per ha, approximately equating 2020. The yield figure increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the yield increased by 9.2%. Over the period under review, the average soya bean yield attained the maximum level at X tons per ha in 2017; however, from 2018 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.

In 2021, the global soya bean harvested area dropped modestly to X ha, which is down by -2.1% compared with the previous year. The harvested area increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 6% against the previous year. The global harvested area peaked at X ha in 2020, and then fell in the following year.

Soya Bean Exports

Exports

In 2021, shipments abroad of soya beans decreased by -6.6% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.4% against 2012 indices. The pace of growth was the most pronounced in 2015 when exports increased by 20%. Over the period under review, the global exports hit record highs at X tons in 2020, and then dropped in the following year.

In value terms, soya bean exports soared to $X in 2021. The total export value increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Brazil represented the major exporter of soya beans in the world, with the volume of exports recording X tons, which was approx. 53% of total exports in 2021. It was distantly followed by the United States (X tons), constituting a 33% share of total exports. The following exporters - Paraguay (X tons), Canada (X tons) and Argentina (X tons) - together made up 9.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Paraguay (with a CAGR of +12.4%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest soya bean supplying countries worldwide were Brazil ($X), the United States ($X) and Paraguay ($X), together comprising 89% of global exports.

Brazil, with a CAGR of +9.4%, saw the highest rates of growth with regard to 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.

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, surging by 30% against the previous year. In general, the export price, however, showed a slight setback. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Canada ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Paraguay ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+0.1%), while the other global leaders experienced a decline in the export price figures.

Soya Bean Imports

Imports

Global soya bean imports stood at X tons in 2021, with an increase of 2.1% on the year before. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +75.3% against 2012 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, soya bean imports surged to $X in 2021. The total import value increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, 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

China prevails in imports structure, recording X tons, which was near 57% of total imports in 2021. It was distantly followed by Egypt (X tons), achieving a 6.8% share of total imports. Argentina (X tons), the Netherlands (X tons), Thailand (X tons), Spain (X tons), Germany (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) took a relatively small share of total imports.

Imports into China increased at an average annual rate of +5.7% from 2012 to 2021. At the same time, Argentina (+143.4%), Egypt (+23.2%), Thailand (+7.3%), the Netherlands (+4.5%), Japan (+2.0%), Taiwan (Chinese) (+1.3%) and Spain (+1.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in the world, with a CAGR of +143.4% from 2012-2021. Germany experienced a relatively flat trend pattern. While the share of Egypt (+5 p.p.) and Argentina (+2.9 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of China (-3.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported soya beans worldwide, comprising 59% of global imports. The second position in the ranking was taken by Argentina ($X), with a 2.9% share of global imports. It was followed by Thailand, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +4.8%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+111.8% per year) and Thailand (+6.5% per year).

Import Prices by Country

In 2021, the average soya bean import price amounted to $X per ton, rising by 31% against the previous year. In general, the import price, however, saw a mild curtailment. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (-0.4%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for soya beans in the world?
+
China constituted the country with the largest volume of soya bean consumption, comprising approx. 33% of total volume. Moreover, soya bean consumption in China exceeded the figures recorded by the second-largest consumer, Argentina, twofold. The United States ranked third in terms of total consumption with a 15% share.
What are the largest producers of soya beans in the world?
+
The countries with the highest volumes of production in 2021 were Brazil, the United States and Argentina, with a combined 79% share of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further 14%.
What are the leading exporters of soya beans in the world?
+
In value terms, the largest soya bean supplying countries worldwide were Brazil, the United States and Paraguay, with a combined 89% share of global exports.
What are the leading importers of soya beans in the world?
+
In value terms, China constitutes the largest market for imported soya beans worldwide, comprising 59% of global imports. The second position in the ranking was taken by Argentina, with a 2.9% share of global imports. It was followed by Thailand, with a 2.5% share.
What is the average export price for soya beans in the world?
+
The average soya bean export price stood at $482 per ton in 2021, with an increase of 30% against the previous year.
What is the average import price for soya beans in the world?
+
In 2021, the average soya bean import price amounted to $535 per ton, increasing by 31% against the previous year.

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

Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Company coverage:
Kerry Inc., Fuji Oil Group, House Foods Group Inc, The WhiteWave Foods Company, E.I. du Pont de Nemours & Co., CHS Inc., Cargill Inc, The Scoular Company, Archer-Daniels Midland Co., Louis Dreyfus Company, Bunge Limited, Glencore International AG, Nidera S.A., Wilmar International Limited, Unilever, AMAGGI Group, SLC Agricola

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. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
7.3
HARVESTED AREA AND YIELD BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Harvested Area, By Country, 2007-2022
Table 7:
Yield, By Country, 2007-2022
Table 8:
Imports, In Physical Terms, By Country, 2012–2022
Table 9:
Imports, In Value Terms, By Country, 2012–2022
Table 10:
Import Prices, By Country Of Destination, 2012–2022
Table 11:
Exports, In Physical Terms, By Country, 2012–2022
Table 12:
Exports, In Value Terms, By Country, 2012–2022
Table 13:
Export Prices, By Country Of Origin, 2012–2022
Table 14:
Producer Prices, By Major Producing Country, 2022
Table 15:
Producer Prices Index - Annual Data (2004-2006=100), By Major Producing Country
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Yield And Growth
Figure 11:
Exports And Growth
Figure 12:
Export Prices And Growth
Figure 13:
Market Size And Growth
Figure 14:
Per Capita Consumption
Figure 15:
Imports And Growth
Figure 16:
Import Prices
Figure 17:
Production, In Physical Terms, 2012–2022
Figure 18:
Production, In Value Terms, 2012–2022
Figure 19:
Area Harvested, 2012–2022
Figure 20:
Yield, 2012–2022
Figure 21:
Production, By Country, 2022
Figure 22:
Production, In Physical Terms, By Country, 2012–2022
Figure 23:
Harvested Area, By Country, 2022
Figure 24:
Harvested Area, By Country, 2007-2022
Figure 25:
Yield, By Country, 2007-2022
Figure 26:
Imports, In Physical Terms, 2012–2022
Figure 27:
Imports, In Value Terms, 2012–2022
Figure 28:
Imports, In Physical Terms, By Country, 2022
Figure 29:
Imports, In Physical Terms, By Country, 2012–2022
Figure 30:
Imports, In Value Terms, By Country, 2012–2022
Figure 31:
Import Prices, By Country, 2012–2022
Figure 32:
Exports, In Physical Terms, 2012–2022
Figure 33:
Exports, In Value Terms, 2012–2022
Figure 34:
Exports, In Physical Terms, By Country, 2022
Figure 35:
Exports, In Physical Terms, By Country, 2012–2022
Figure 36:
Exports, In Value Terms, By Country, 2012–2022
Figure 37:
Export Prices, 2012–2022
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