Key Market Indicators
It is estimated to reach 2.2 million metric tons by 2026, growing at a CAGR of 0.4% from 2021 to 2026. Mexico's soybean production is expected to drop by 0.6% year-on-year, from 272,280 metric tons in 2021 to 259,880 metric tons by 2026. Since 1966, the country's production has declined by 11.8% year-on-year. In 2021, Mexico placed 21st in the rankings, overtaken by Kazakhstan with 272,280 metric tons. The United States, Argentina and China were ranked 2nd, 3rd and 4th respectively. In 2018, Mexico's soybean consumption reached 2,000 metric tons, increasing from 2,000 metric tons the year before. It is estimated to reach 2.2 million metric tons by 2026, growing at a CAGR of 0.4% from 2021 to 2026.
