The analysis of global soybeans gross production indicates that in 2024, Brazil leads with a 37.29% share, followed by the USA at 30.58%, and Argentina at 14.12%. Among them, Argentina experienced the highest year-on-year increase at 7.62%, while the USA saw a slight decline at -0.41%. Notably, production in Mozambique surged dramatically by 37.15%, aimed at future global positioning. Conversely, Indonesia and Vietnam witnessed significant downturns. The Compound Annual Growth Rate (CAGR) over the past five years highlights steady growth for many countries, with new entrants and smaller producers also focusing on boosting their output.
Future trends to watch include technological advancements enhancing yields in leading countries and climate change impacting production. Shifts in trade policies might alter this landscape, with sustainability and demand for plant-based products influencing production patterns. Countries like Brazil and Argentina will likely maintain dominance, while emerging markets like Mozambique offer potential under proper investment strategies.
Top countries in Soya beans Gross Production Share by Country (Thousand US Dollars PPP = 2004–2006)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 37.29 | 2023 | +4.41% | +4.08% | View data |
| 2 | 2 United States | 30.58 | 2023 | +0.77% | -0.41% | View data |
| 3 | 3 Argentina | 14.12 | 2023 | +3.37% | +7.62% | View data |
| 4 | 4 China | 4.48 | 2023 | +0.74% | +1.61% | View data |
| 5 | 5 India | 3.41 | 2023 | +5.05% | +3.82% | View data |
| 6 | 6 Paraguay | 3.08 | 2023 | +3.03% | +1.5% | View data |
| 7 | 7 Canada | 1.69 | 2023 | +1.65% | -2.57% | View data |
| 8 | 8 Russia | 1.38 | 2023 | +5.72% | +5.73% | View data |
| 9 | 9 Ukraine | 0.93 | 2023 | -0.6% | -4.34% | View data |
| 10 | 10 Bolivia | 0.87 | 2023 | +2.45% | +2.8% | View data |
