Key Market Indicators
Lao soybean consumption is projected to remain at a stable 9 thousand metric tons by 2026, with no change since 2017. Last year, Lao soybean consumption ranked 33rd in the world, behind Panama with 9 thousand metric tons. Vietnam, Japan, and Pakistan took the second, third, and fourth spots, respectively. Production of Lao soybeans is expected to drop by 0.4% year-on-year in 2026, reaching 11,010 metric tons. Since 1966, Lao soybean production has declined by 10% annually. In 2021, Australia was the top producer with 11,270 metric tons, while the United States, Argentina, and China occupied the second, third, and fourth spots.
