Key Market Indicators
Taiwan's soybean consumption is set to reach 265,000 metric tons by 2026, up 1.3% year-on-year on average. Since 2017, demand has fallen by 0.3%. In 2021, Taiwan was the 8th largest consumer, overtaken by South Korea, which consumed 244,000 metric tons. Vietnam, Japan, and Pakistan ranked 2nd, 3rd, and 4th in 2021. Taiwan's soybean production is set to reach 6,320 metric tons by 2026, a 3.3% year-on-year increase on average. Since 1966, supply has jumped 11.2%. In 2021, Taiwan was the 68th largest producer, overtaken by Spain, which produced 5,200 metric tons. The United States, Argentina, and China ranked 2nd, 3rd, and 4th.
