China dominates the global soybeans feed market with 9.71 million metric tons in 2023, marking a 1.28% increase. Argentina and Pakistan show strong growth, at 3.5% and 4.26% respectively. The US and Brazil declined, at -0.57% and -2.49%. Ukraine and Iran saw significant decreases, at -26.33% and -36.44% due to instability. Smaller markets like Poland and Malaysia showed strong growth, over 8%. The forecast suggests stable overall growth, with Asian and Latin American markets leading the trend.
Future trends may include increased reliance on soybeans in emerging markets, driven by growing demand for livestock feed. Watch for fluctuations in the US and Brazil, as geopolitical factors and environmental concerns could impact production and trade dynamics.
Top countries in Soybeans Feed by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 9,710 | 2023 | +0.46% | +1.28% | View data |
| 2 | 2 Argentina | 3,830 | 2023 | +2.49% | +3.5% | View data |
| 3 | 3 United States | 1,640 | 2023 | -6.65% | -0.57% | View data |
| 4 | 4 Mexico | 1,530 | 2023 | +1.53% | +0.78% | View data |
| 5 | 5 Egypt | 837 | 2023 | +6.22% | +2.11% | View data |
| 6 | 6 Russia | 596 | 2023 | -4.33% | +2.14% | View data |
| 7 | 7 Brazil | 522 | 2023 | -8.74% | -2.49% | View data |
| 8 | 8 Vietnam | 440 | 2023 | +1.38% | +1.27% | View data |
| 9 | 9 Pakistan | 430 | 2023 | +6.44% | +4.26% | View data |
| 10 | 10 Canada | 324 | 2023 | +0.62% | +1.76% | View data |
