In 2023, Italy led European soybean production with 1.31 million metric tons, followed by Romania at 0.5498 and France at 0.5011. Despite Italy's leading position, its growth rate was muted at 2.76% compared to Romania's 3.5% and France's significant 4.59%. Notably, Bulgaria and Portugal saw double-digit growth rates of 18.15% and 14.87%, respectively. Slovakia's production grew by 5.16%, while smaller producers like Czech Republic and Slovenia experienced moderate growth rates of 6.41% and 8.85%. The compounded annual growth reveals a dynamic landscape with varying growth trajectories across countries.
Future trends to watch for European soybean production include:
- Potential expansion in Eastern European countries driven by improving agricultural practices.
- Impact of climate change on harvest yields, notably in Southern regions.
- Shifts in trade policies post-Brexit and new EU regulations affecting production incentives.
- Rising demand for plant-based proteins influencing production expansions.
Top countries in Soybean Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 1,310 | 2023 | +2.78% | +2.76% | View data |
| 2 | 2 Romania | 549.8 | 2023 | +4.17% | +3.5% | View data |
| 3 | 3 France | 501.1 | 2023 | +3.81% | +4.59% | View data |
| 4 | 4 Croatia | 253.2 | 2023 | +3.18% | +0.64% | View data |
| 5 | 5 Hungary | 222.3 | 2023 | +3.54% | +4.31% | View data |
| 6 | 6 Austria | 218.6 | 2023 | +3.7% | +4.44% | View data |
| 7 | 7 Slovakia | 134.4 | 2023 | +4.43% | +5.16% | View data |
| 8 | 8 Czech Republic | 34.1 | 2023 | +3.33% | +6.41% | View data |
| 9 | 9 Bulgaria | 9.9 | 2023 | +1.02% | +18.15% | View data |
| 10 | 10 Slovenia | 8.1 | 2023 | +5.19% | +8.85% | View data |
