Brazil leads global soybean production, followed by the United States and Argentina. Year-on-year shifts indicate Brazil's production grew by 4.08%, while Argentina saw a notable 7.62% increase. The U.S. experienced a slight decline of 0.41%. Nigeria's output rose significantly by 8.35%, reflecting a growing trend in African countries. Conversely, Vietnam’s production fell by 14.61%. Over the past five years, production in countries like Brazil and Argentina has shown positive growth.
Future trends to watch include:
- Emerging markets in Africa potentially increasing production due to improved agricultural practices.
- The impact of climate change on major producers like the U.S. and Brazil which could disrupt supply.
- Technological advancements in crop management enhancing production efficiency and yield.
Top countries in Soya beans Gross Production by Country
| # | 10 Countries | Thousand US Dollars PPP = 2004–2006 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 55,087,000 | 2023 | +4.41% | +4.08% | View data |
| 2 | 2 United States | 45,165,000 | 2023 | +0.77% | -0.41% | View data |
| 3 | 3 Argentina | 20,862,000 | 2023 | +3.37% | +7.62% | View data |
| 4 | 4 China | 6,615,400 | 2023 | +0.74% | +1.61% | View data |
| 5 | 5 India | 5,043,000 | 2023 | +5.05% | +3.82% | View data |
| 6 | 6 Paraguay | 4,551,200 | 2023 | +3.03% | +1.5% | View data |
| 7 | 7 Canada | 2,490,300 | 2023 | +1.65% | -2.57% | View data |
| 8 | 8 Russia | 2,034,100 | 2023 | +5.72% | +5.73% | View data |
| 9 | 9 Ukraine | 1,366,400 | 2023 | -0.6% | -4.34% | View data |
| 10 | 10 Bolivia | 1,292,100 | 2023 | +2.45% | +2.8% | View data |
