The United States leads in soybean crush volume with 60.52 million metric tons in 2023, continuing to show growth at a 1.1% increase projected in 2028. Mexico follows, with a forecasted increase of 1.35% by 2028, maintaining its regional importance. Japan, although significant, is expected to decline by 0.49%. Ukraine and Nigeria show moderate growth projections, 0.79% and 1% respectively. The Russian Federation remains steady without recent forecast data. The compound annual growth rate (CAGR) for the last five years suggests a consistent uptrend in most regions, reflecting increased demand and processing capacities.
Future trends to watch include shifts in global trade policies, climate change impacts on yield, technological advancements in processing, and alternative uses of soybean products which may influence demand and, by extension, crush volumes. Monitoring these factors can provide insights into regional and global market dynamics.
Top countries in Soybean Crush, Forecast 2019-2028 by Country
| # | 6 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 60,520 | 2028 | +1.09% | +1.1% | View data |
| 2 | 2 Russian Federation | 4,840 | 2024 | |||
| 3 | 3 Mexico | 4,770 | 2028 | +1.13% | +1.35% | View data |
| 4 | 4 Japan | 2,580 | 2028 | -0.48% | -0.49% | View data |
| 5 | 5 Ukraine | 1,230 | 2028 | +0.83% | +0.79% | View data |
| 6 | 6 Nigeria | 643.39 | 2028 | +0.99% | +1% | View data |
