Global soybean meal production is dominated by China, accounting for 30.01% of production share, followed by the United States at 19%, Brazil at 16.71%, and Argentina at 10.4%. Most countries show moderate year-on-year changes, except noteworthy growth in nations like Algeria (103.62%) and Morocco (28.81%), while Argentina experienced a decline of 3.1%. Over the past five years, several emerging markets have displayed significant growth, suggesting potential shifts in production dynamics.
Future trends to watch include increased production capabilities in developing countries, technological advances in agriculture boosting efficiency, and potential impacts from climate change. Monitoring these factors could identify risks and opportunities across global markets.
Top countries in Soybean Meal Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 30.01 | 2023 | +3.16% | +2.89% | View data |
| 2 | 2 United States | 19 | 2023 | +3.16% | +2.1% | View data |
| 3 | 3 Brazil | 16.71 | 2023 | +5.2% | +5.56% | View data |
| 4 | 4 Argentina | 10.4 | 2023 | +13.79% | -3.1% | View data |
| 5 | 5 India | 2.94 | 2023 | -7.77% | -0.21% | View data |
| 6 | 6 Mexico | 1.99 | 2023 | -2.26% | +1.11% | View data |
| 7 | 7 Russia | 1.78 | 2023 | +8.34% | +4.7% | View data |
| 8 | 8 Paraguay | 1.03 | 2023 | +14.75% | -1.64% | View data |
| 9 | 9 Iran | 0.87 | 2023 | -3.34% | +5.69% | View data |
| 10 | 10 Egypt | 0.86 | 2023 | +25.9% | -4.38% | View data |
