The global soybean meal distribution reveals China as the dominant player, with the United States and Brazil also holding significant shares. Recent growth patterns indicate notable increases in countries like Brazil, Bangladesh, Ecuador, Venezuela, and Honduras, while Argentina, Iran, and Pakistan show declines. Over the last year, countries such as Yemen and Uruguay exhibited impressive year-on-year growth, yet countries like Cuba and Pakistan experienced considerable contractions. Despite the shifts, China, the U.S., and Brazil are expected to maintain their leading positions.
Future trends to watch include the impact of geopolitical changes and trade agreements, which could reshape the distribution landscape. Additionally, environmental concerns and sustainable farming practices might drive changes in production levels in major producing nations.
Top countries in Soybean Meal Distribution by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 78,540 | 2023 | +3.86% | +2.85% | View data |
| 2 | 2 United States | 50,010 | 2023 | +3.16% | +1.95% | View data |
| 3 | 3 Brazil | 46,520 | 2023 | +3.47% | +4.58% | View data |
| 4 | 4 Argentina | 29,280 | 2023 | +10.44% | -3.48% | View data |
| 5 | 5 India | 7,890 | 2023 | -9.47% | -0.15% | View data |
| 6 | 6 Mexico | 7,310 | 2023 | +3.32% | +1.14% | View data |
| 7 | 7 Vietnam | 7,170 | 2023 | +6.19% | +1.43% | View data |
| 8 | 8 Indonesia | 5,950 | 2023 | +2.06% | +4.62% | View data |
| 9 | 9 Thailand | 5,200 | 2023 | +4.13% | +2.35% | View data |
| 10 | 10 Russia | 4,910 | 2023 | +6.17% | +3.33% | View data |
