Key Market Indicators
Soybean consumption in Colombia is expected to reach 41,250 metric tons by 2026, growing at a rate of 0.1% year-on-year. This is up from 41,000 metric tons in 2021, and is an increase of 4.4% since 2017. Canada was ahead in 2021 with 41,000 metric tons, while Vietnam, Japan, and Pakistan ranked 2nd, 3rd, and 4th respectively. Meanwhile, Colombian soybean production is projected to reach 126,050 metric tons by 2026, a 1.9% year-on-year growth rate. This is up from 112,530 metric tons in 2021, and is a 6.9% increase since 1966. Bangladesh surpassed Colombia in 2021 with 112,530 metric tons, while the United States, Argentina, and China were 2nd, 3rd, and 4th respectively.
