In 2023, Italy led European soybean production with a value of 34.34 million euros. France and Austria followed with 18.2 and 11.92 million euros, respectively. The year 2022 witnessed significant growth, especially in Austria, France, and the Czech Republic, which saw increases of 15.61%, 11.18%, and 12.45%. Switzerland and Croatia also had notable gains. Conversely, Greece experienced a slight contraction of 0.33%. Over the past five years, the market has shown average steady growth.
Future trends to watch include increasing emphasis on sustainability and climate impact, technological advancements in agriculture, and evolving policy frameworks influencing soybean production in Europe. Enhanced trading conditions and demand shifts from non-European markets could also play vital roles.
Top countries in Soybean Production at Producer Price Share by Country (Million Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.34 | 2022 | +16.14% | +7.91% | View data |
| 2 | 2 France | 18.2 | 2022 | +7.92% | +11.18% | View data |
| 3 | 3 Austria | 11.92 | 2022 | +14.4% | +15.61% | View data |
| 4 | 4 Romania | 9.06 | 2022 | -13.42% | +0.66% | View data |
| 5 | 5 Croatia | 8.7 | 2022 | -12.27% | +9.18% | View data |
| 6 | 6 Hungary | 5.95 | 2022 | +5.51% | +4.1% | View data |
| 7 | 7 Germany | 5.25 | 2022 | +22.41% | View data | |
| 8 | 8 Slovakia | 4.13 | 2022 | -28.84% | +9.64% | View data |
| 9 | 9 Czech Republic | 2.56 | 2022 | +29.91% | +12.45% | View data |
| 10 | 10 Switzerland | 0.5 | 2022 | +12.79% | +15.08% | View data |
