In 2023, the European soybean producer prices showed significant disparities across countries, with Germany registering the highest rate at 70.83 euros per hundred kilograms. Spain and Bulgaria followed closely, while Romania was on the lower spectrum at 50.09 euros. Between 2022 and 2023, there was an upward momentum in prices, highlighted by Bulgaria's 15.37% increase. This pattern was consistent with other countries like Slovenia and Austria, which saw growths of 13.28% and 10.8%, respectively. Over the previous five-year span, the compound annual growth rate (CAGR) suggests a robust trend, underscoring the year-on-year growth dynamics.
Future trends worth observing include:
- Impact of climate changes on soybean yield and input costs.
- European Union agricultural policy shifts and their implications on soybean markets.
- Currency exchange fluctuations impacting international competitiveness.
- Global demand shifts driven by plant-based diets and biofuel advancements.
Top countries in Soybean Producer Price by Country
| # | 9 Countries | Euros Per Hundred Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 70.83 | 2022 | View data | ||
| 2 | 2 Spain | 67.42 | 2022 | +27.62% | +8.18% | View data |
| 3 | 3 Bulgaria | 66.19 | 2022 | +41.95% | +15.37% | View data |
| 4 | 4 Croatia | 60.27 | 2022 | +8.05% | +10.95% | View data |
| 5 | 5 Slovenia | 59.58 | 2022 | +17.49% | +13.28% | View data |
| 6 | 6 Austria | 57.57 | 2022 | +3.19% | +10.8% | View data |
| 7 | 7 Slovakia | 57.38 | 2022 | +20.39% | +10.93% | View data |
| 8 | 8 Hungary | 54.73 | 2022 | +13.93% | +8.72% | View data |
| 9 | 9 Romania | 50.09 | 2022 | +21.43% | +11.3% | View data |
