The United States leads the global export of soy bean flour or meal with substantial volumes, albeit growing at a modest rate of 1.87% in 2023. Italy and India show notable growth rates, with 5.43% and 7.4% respectively. Nigeria exhibits a significant rise at 20.92%, indicating robust export potential. Conversely, countries like Bolivia and Spain see negative trends, while Hungary and Chile face considerable declines. The UAE and Lithuania experience exceptionally high growth rates, as emerging players on the market. Japan also records a significant 14.43% increase, showing expanding export activity.
For future trends, continued growth in Asian economies and increasing demand for plant-based proteins may drive up exports. Monitoring emerging markets like Nigeria, UAE, and Lithuania can provide insights into shifting dynamics in global agriculture exports. Conversely, the decline in European countries signals potential market saturation or shifts to alternative sources.
Top countries in Export of Soya Bean Flour or Meal by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 2,889,000,000 | 2023 | +2.91% | +1.87% | View data |
| 2 | 2 Italy | 189,550,000 | 2023 | +4.02% | +5.43% | View data |
| 3 | 3 Portugal | 44,932,000 | 2023 | +4.59% | +1.81% | View data |
| 4 | 4 Bolivia | 44,144,000 | 2023 | -3.68% | -3.14% | View data |
| 5 | 5 Malaysia | 31,279,000 | 2023 | +3.51% | +4.81% | View data |
| 6 | 6 India | 28,123,000 | 2023 | -6.75% | +7.4% | View data |
| 7 | 7 Nigeria | 20,813,000 | 2023 | +4.46% | +20.92% | View data |
| 8 | 8 Serbia | 19,509,000 | 2023 | +1.61% | +1.84% | View data |
| 9 | 9 Austria | 18,217,000 | 2023 | +2% | +2.45% | View data |
| 10 | 10 Australia | 12,184,000 | 2023 | +4.79% | +2.66% | View data |
