In 2023, Brazil led in soybean yield with 3.42 metric tons per hectare, followed by Ethiopia with 3.07. Ethiopia showed the highest growth over the last year with a 1.54% increase, while Israel had a notable 1.5% increase. Ukraine displayed significant gains of 1.68% year-on-year. Over the last five years, Kazakhstan had a promising compound annual growth rate (CAGR) of 1.4%, closely followed by Ethiopia. Despite South Korea's moderate growth of 0.34%, it remains among the lower yields regionally, alongside other countries like Israel and Kazakhstan, both holding yields around 2.03 metric tons per hectare in 2023.
Future trends to watch in global soybean yield include rapid yield improvements driven by technological advances in farming practices and climatic adaptability measures, particularly in countries such as Ethiopia and Ukraine, which are registering strong growth patterns. Furthermore, geopolitical stability and trade agreements may influence Brazil’s leading position, given its strategic role in global soybean supply. Increased demand from growing populations in countries like China could also drive investments in agricultural efficiency and yield improvements.
Top countries in Soybean Yield, Forecast 2020-2029 by Country
| # | 9 Countries | Metric Tons Per Hectare | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 3.42 | 2029 | +0.74% | +0.75% | View data |
| 2 | 2 Ethiopia | 3.07 | 2029 | +1.53% | +1.54% | View data |
| 3 | 3 Paraguay | 2.86 | 2029 | +0.28% | +0.27% | View data |
| 4 | 4 Ukraine | 2.4 | 2029 | +1.64% | +1.68% | View data |
| 5 | 5 Switzerland | 2.22 | 2029 | 0% | 0% | View data |
| 6 | 6 China | 2.03 | 2029 | +0.9% | +0.9% | View data |
| 7 | 7 Kazakhstan | 2.03 | 2029 | +1.4% | +1.4% | View data |
| 8 | 8 South Korea | 1.81 | 2029 | +0.33% | +0.34% | View data |
| 9 | 9 Israel | 1.09 | 2029 | +1.56% | +1.5% | View data |
