In 2023, Italy led European soybean production with €33.26 million, followed by France (€17.03 million) and Austria (€11.66 million). Significant growth was seen in Czech Republic (22.84%), Switzerland (21.83%), and Bulgaria (26.56%). However, Romania and Greece faced slight declines, at -1.06% and -3.89% respectively. Smaller markets like Belgium exhibited remarkable growth, at 35.69%, indicating potential future prominence.
Future trends to watch include:
- The impact of climate change on regional yields.
- Continued expansion in smaller markets like Belgium and Switzerland.
- Potential shifts in EU agricultural policy affecting production incentives.
Top countries in Soybean Production Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 33.26 | 2023 | +6.66% | +8.98% | View data |
| 2 | 2 France | 17.03 | 2023 | +1.69% | +13.37% | View data |
| 3 | 3 Austria | 11.66 | 2023 | +7.7% | +18.6% | View data |
| 4 | 4 Romania | 8.71 | 2023 | +5.83% | -1.06% | View data |
| 5 | 5 Croatia | 8.7 | 2023 | +10.16% | +12.05% | View data |
| 6 | 6 Hungary | 6.43 | 2023 | +3.41% | +5.01% | View data |
| 7 | 7 Germany | 5.51 | 2023 | +15.63% | View data | |
| 8 | 8 Slovakia | 4.54 | 2023 | +21.02% | +13.64% | View data |
| 9 | 9 Czech Republic | 2.6 | 2023 | +11.95% | +22.84% | View data |
| 10 | 10 Switzerland | 0.65 | 2023 | +2.35% | +21.83% | View data |
