Global Soya Bean Market Overview 2021

Soya Bean Market Size

In 2020, the global soya bean market increased by X% to $X for the first time since 2017, thus ending a two-year declining trend. Over the period under review, the total consumption indicated temperate growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2008 when the market value increased by X% against the previous year. Over the period under review, the global market reached the maximum level at $X in 2014; however, from 2015 to 2020, consumption remained at a lower figure.

Soya Bean Production

In value terms, soya bean production reached $X in 2020 estimated in export prices. in general, the total production indicated a notable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2017 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2014; however, from 2015 to 2020, production remained at a lower figure.

The countries with the highest volumes of soya bean production in 2020 were Brazil (X tonnes), the U.S. (X tonnes) and Argentina (X tonnes), with a combined X% share of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of soya bean production, amongst the key producing countries, was attained by Canada, while soya bean production for the other global leaders experienced more modest paces of growth.

In 2020, the global average yield of soya beans reached X tonnes per ha, remaining relatively unchanged against the previous year's figure. The yield figure increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The global yield peaked at X tonnes per ha in 2017; however, from 2018 to 2020, 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 2020, approx. X ha of soya beans were harvested worldwide; growing by X% on the previous year. The harvested area increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure at X ha in 2017; however, from 2018 to 2020, the harvested area stood at a somewhat lower figure.

Production by Country

The countries with the highest volumes of soya bean production in 2020 were Brazil (X tonnes), the U.S. (X tonnes) and Argentina (X tonnes), together comprising X% of global production. These countries were followed by China, India, Paraguay and Canada, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of soya bean production, amongst the main producing countries, was attained by Canada, while soya bean production for the other global leaders experienced more modest paces of growth.

Soya Bean Exports

Exports

Global soya bean exports rose notably to X tonnes in 2020, picking up by X% on the previous year's figure. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. Global exports peaked in 2020 and are likely to continue growth in years to come.

In value terms, soya bean exports stood at $X in 2020. in general, total exports indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Over the period under review, global exports reached the peak figure in 2020 and are likely to see steady growth in years to come.

Exports by Country

Brazil (X tonnes) and the U.S. (X tonnes) dominates soya bean exports structure, together creating X% of total exports. Paraguay (X tonnes), Argentina (X tonnes) and Canada (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the biggest increases were in Brazil, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest soya bean supplying countries worldwide were Brazil ($X), the U.S. ($X) and Argentina ($X), with a combined X% share of global exports.

Brazil 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.

Export Prices by Country

The average soya bean export price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 an increase of X% year-to-year. Over the period under review, average export prices attained the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. in 2020, major exporting countries recorded the following prices: in Canada ($X per tonne) and the U.S. ($X per tonne), while Paraguay ($X per tonne) and Brazil ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., while the other global leaders experienced more modest paces of growth.

Soya Bean Imports

Imports

In 2020, the amount of soya beans imported worldwide totaled X tonnes, growing by X% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2010 with an increase of X% against the previous year. Over the period under review, global imports hit record highs in 2020 and are expected to retain growth in the near future.

In value terms, soya bean imports expanded significantly to $X in 2020. Overall, total imports indicated buoyant growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when imports increased by X% y-o-y. Global imports peaked at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

China prevails in soya bean imports structure, resulting at X tonnes, which was near X% of total imports in 2020. The following importers - Mexico (X tonnes), Argentina (X tonnes), Egypt (X tonnes), the Netherlands (X tonnes), Thailand (X tonnes), Germany (X tonnes), Spain (X tonnes), Japan (X tonnes), Turkey (X tonnes) and Taiwan (Chinese) (X tonnes) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to soya bean imports into China stood at +X%. at the same time, Egypt (+X%), Thailand (+X%), Turkey (+X%), Argentina (+X%), Mexico (+X%) and Spain (+X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2020. The Netherlands, Taiwan (Chinese) and Germany experienced a relatively flat trend pattern. by contrast, Japan (-X%) illustrated a downward trend over the same period. China (+X p.p.) significantly strengthened its position in terms of the global imports, while Taiwan (Chinese), Spain, Germany, the Netherlands and Japan saw its share reduced by -X%, -X%, -X%, -X% and -X% from 2007 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2007 to 2020, the average annual rate of growth in terms of value in China totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Mexico (+X% per year) and Argentina (+X% per year).

Import Prices by Country

In 2020, the average soya bean import price amounted to $X per tonne, therefore, remained relatively stable against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2008 an increase of X% y-o-y. Global import price peaked at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Average prices varied somewhat amongst the major importing countries. in 2020, major importing countries recorded the following prices: in Japan ($X per tonne) and Germany ($X per tonne), while Egypt ($X per tonne) and Argentina ($X per tonne) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Argentina, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform