Key Market Indicators
Chinese soybean consumption is predicted to remain steady at 5.3 million metric tons by 2026. This is a 0% increase compared to 2021. Since 2017, demand has grown by 0.1% year on year. Vietnam, Japan and Pakistan are the other major consumers of soybeans in the region. Chinese soybean production is expected to reach nearly 17 million metric tons by 2026, representing an average annual growth of 0.9%. Since 1966, production has increased by 4.7% each year. In 2021, China was the fourth largest producer of soybeans, behind the United States, Argentina and Brazil.