Key Market Indicators
Tanzanian soybean consumption is predicted to remain at 5,000 metric tons by 2026, with no change in the compound annual growth rate (CAGR) since 2021. Since 2017, demand for soybeans in Tanzania has risen by 7.7% year-on-year. In 2021, Tanzania was in 40th place in the global rankings, with the Philippines overtaking it at 5,000 metric tons. Vietnam, Japan and Pakistan followed in second, third and fourth place respectively. Meanwhile, Tanzanian soybean production is expected to reach 32,310 metric tons by 2026, growing at an average rate of 4.5% year-on-year. Since 1966, supply has increased by 29.5% annually. In 2021, Tanzania was in 52nd place in the rankings, with Uganda coming ahead at 24,700 metric tons. The United States, Argentina and China followed in second, third and fourth place respectively.
