Global Soybeans Market Size Volume by Country

The global soybeans market has shown significant variations by country. In 2023, China leads with 5.28 million metric tons, reflecting a marginal year-on-year increase of 0.045%. Vietnam, Japan, and Pakistan follow with 2023 volumes of 1.06, 1.03, and 0.697 million metric tons, showing year-on-year growth rates of 1.99%, 0.39%, and 6.03%, respectively. India, with 0.567 million metric tons, experienced a notable 6.19% increase. Noteworthy declines were observed in South Korea and Germany with -2.85% and -3.48% changes, respectively. The United States remained stable with no year-on-year change, maintaining its market volume.

Future trends to watch include the potential for increased production and consumption in developing economies driven by growing demand for plant-based proteins. Additionally, potential geopolitical factors and environmental challenges may impact production and trade flows, influencing market dynamics. Technological advancements in agricultural practices and genetic modifications could also play a significant role in shaping the market's future landscape.

Top countries in Soybeans Market Size Volume by Country

# 10 Countries Thousand Metric Tons Last Year YoY 5-years CAGR
1 1 China 5,280 2023 0% +0.045% View data
2 2 Vietnam 1,060 2023 +1.34% +1.99% View data
3 3 Japan 1,030 2023 +0.59% +0.39% View data
4 4 Pakistan 697 2023 +6.41% +6.03% View data
5 5 India 567 2023 +5% +6.19% View data
6 6 Indonesia 354 2023 +0.57% +0.52% View data
7 7 Taiwan 253 2023 +1.61% +0.56% View data
8 8 South Korea 251 2023 -2.71% -2.85% View data
9 9 South Africa 202 2023 +3.59% +1.88% View data
10 10 Thailand 151 2023 +0.67% +0.81% View data