Globally, Brazil leads soybean production, followed by China and the United States. In 2023, Brazil and China showed significant increases of approximately 5%, while the US and Argentina experienced declines. Key growers like Vietnam and South Africa saw double-digit growth, contrasting with Pakistan's steep 24.81% drop. Other notable increases included Algeria and Morocco. Over the last five years, production trends displayed moderate CAGR, sustaining growth in Asian and African markets despite North American and some Latin American slowdowns.
Future trends suggest further expansion in Brazil and China, shaped by sustainability practices and technological advances. Watch emerging markets and geopolitical impacts on supply chains.
Top countries in Soybean Supply by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 196,890 | 2023 | +6% | +5.08% | View data |
| 2 | 2 China | 154,290 | 2023 | +2.6% | +4.97% | View data |
| 3 | 3 United States | 120,500 | 2023 | -3.1% | -1.93% | View data |
| 4 | 4 Argentina | 70,910 | 2023 | +22.34% | -3.66% | View data |
| 5 | 5 India | 13,080 | 2023 | -10.44% | +2.65% | View data |
| 6 | 6 Paraguay | 10,280 | 2023 | +11.31% | +2.59% | View data |
| 7 | 7 Russia | 8,010 | 2023 | -0.74% | +5.09% | View data |
| 8 | 8 Canada | 7,850 | 2023 | +5.02% | -3.22% | View data |
| 9 | 9 Mexico | 6,780 | 2023 | -2.07% | +0.42% | View data |
| 10 | 10 Ukraine | 5,420 | 2023 | +6.98% | +2.01% | View data |
