Key Market Indicators
Argentina is set to see a 4.8% year-on-year increase in soybean consumption, with 1.39 thousand metric tons expected by 2026. In 2021, the country ranked 54th, with Slovenia taking the lead of 1 thousand metric tons. Vietnam, Japan and Pakistan followed as the 2nd, 3rd and 4th. In terms of soybean production, Argentina is expected to reach 56.5 million metric tons in 2026, a slight 1% increase from 2021. Since 1966, the country has seen a 2% decrease in production year-on-year. In 2021, the United States came first with 53.2 million metric tons, followed by Argentina, China, and others in the ranking.