Key Market Indicators
Australian soybean consumption is expected to reach 15,000 metric tons by 2026, a decrease of 2.5% from 2021. Average yearly demand has been on a downward trajectory since 2017, with a drop of 1.9%. This year, Australia is in 30th place, behind Austria's 17,000 metric tons. Vietnam, Japan and Pakistan are ranked second, third and fourth respectively. In 2021, Australian soybean production has fallen to 12,590 metric tons, a 14.8% decline since 2020. Since 1966, the yearly supply has decreased by 15.6%. Australia is currently in 57th place, with Poland ahead at 12,590 metric tons. The United States, Argentina and China come in at second, third and fourth respectively.
