In 2023, China dominated global soybean losses, followed closely by India and the United States. The top five countries, including Paraguay and Argentina, accounted for a significant portion of the losses. Countries like Thailand, Russia, and France showed noticeable yoy increases, while Bolivia, Uruguay, and Serbia experienced declines. Some smaller countries like Lebanon and Angola had remarkable growth rates, though from a small base. The significant yoy variations indicate dynamic changes in soybeans supply and consumption at the regional level.
Future trends to watch include potential shifts in production practices in major consuming nations, the impact of climate change on yields, and geopolitical influences on trade that could further alter the global landscape of soybean losses.
Top countries in Soybeans Losses Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 21.83 | 2023 | +1.89% | +0.67% | View data |
| 2 | 2 India | 13.67 | 2023 | +1.78% | +0.77% | View data |
| 3 | 3 United States | 11.61 | 2023 | +0.8% | +0.78% | View data |
| 4 | 4 Paraguay | 11.46 | 2023 | +0.81% | +0.36% | View data |
| 5 | 5 Argentina | 8.28 | 2023 | -1.53% | +0.36% | View data |
| 6 | 6 Indonesia | 4.18 | 2023 | +2.25% | +0.81% | View data |
| 7 | 7 Egypt | 3.68 | 2023 | +5.82% | +0.93% | View data |
| 8 | 8 Mexico | 3.16 | 2023 | +1.78% | +0.83% | View data |
| 9 | 9 Thailand | 2.87 | 2023 | +1.96% | +2.33% | View data |
| 10 | 10 Russia | 1.27 | 2023 | +1.47% | +1.84% | View data |
