Key Market Indicators
North Korea's consumption of soybeans is predicted to drop to 61,000 metric tons by 2026, down 0.6% per year on average from 64,000 metric tons in 2021. Since 2017, demand has decreased by 0.5% yearly. In 2021, North Korea ranked 16th, with Germany taking the lead at 64,000 metric tons. Vietnam, Japan and Pakistan were second, third and fourth in the ranking. North Korea's production of soybeans is estimated to decline to 170,550 metric tons by 2026, with a 3.6% year-on-year compound annual growth rate (CAGR). Since 1966, production has decreased by 5.6% yearly. In 2021, North Korea placed 26th, with Austria at the top at 211,870 metric tons. The United States, Argentina and China were second, third and fourth in the ranking.
