In 2023, China dominated global soybean processing, processing significantly more than major players like the United States, Brazil, and Argentina. The United States and Brazil followed as significant processors, with Argentina also making a notable contribution. Among rising processors, Iran showed significant growth in processing volumes. India, however, experienced a decline. Other countries like Thailand, the Philippines, and Bulgaria exhibited rapid year-on-year growth, highlighting potential shifts in processing regions. Conversely, Venezuela and the United Arab Emirates showed notable declines.
Future trends in global soybean processing likely include increased processing activities in South Asia and Southeast Asia due to growing demand, coupled with technological advancements in agro-processing in these regions. Watch for environmental regulations impacting processing capabilities and shifts in global trade policies, which may alter processing dynamics and capacity expansions in major processing countries.
Top countries in Soybeans Processing by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 101,200 | 2023 | +1.9% | +1.85% | View data |
| 2 | 2 United States | 57,450 | 2023 | +0.78% | +0.51% | View data |
| 3 | 3 Brazil | 47,190 | 2023 | +1.1% | +0.85% | View data |
| 4 | 4 Argentina | 41,830 | 2023 | +0.39% | +1.21% | View data |
| 5 | 5 India | 7,860 | 2023 | -0.62% | -1.65% | View data |
| 6 | 6 Russia | 4,570 | 2023 | +1.9% | +1.44% | View data |
| 7 | 7 Paraguay | 4,100 | 2023 | +0.96% | +1.09% | View data |
| 8 | 8 Netherlands | 3,620 | 2023 | +1.74% | +1.42% | View data |
| 9 | 9 Iran | 3,430 | 2023 | +5.4% | +5.62% | View data |
| 10 | 10 Germany | 3,320 | 2023 | -0.09% | -0.22% | View data |
