European soybean production displays notable variation across countries. In 2023, Italy led with 490.07 million euros, reflecting an 8.98% increase from the previous year. France and Austria followed, reporting 250.99 million euros and 171.83 million euros respectively, with significant growth rates of 13.37% and 18.6%. Conversely, Romania saw a slight decline of 1.06%, while Bulgaria had the highest year-on-year growth at 26.56%. Smaller producers like Belgium, Portugal, and Spain had more modest figures.
Future trends to watch include potential market expansions in traditionally smaller producers such as Belgium and Spain, driven by sustainable agriculture initiatives. Significant growth in Eastern European countries could reshape the regional production landscape. Monitoring policy changes and climate impacts will be crucial for future forecasts.
Top countries in Soybean Production by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 490.07 | 2023 | +6.66% | +8.98% | View data |
| 2 | 2 France | 250.99 | 2023 | +1.69% | +13.37% | View data |
| 3 | 3 Austria | 171.83 | 2023 | +7.7% | +18.6% | View data |
| 4 | 4 Romania | 128.31 | 2023 | +5.83% | -1.06% | View data |
| 5 | 5 Croatia | 128.18 | 2023 | +10.16% | +12.05% | View data |
| 6 | 6 Hungary | 94.71 | 2023 | +3.41% | +5.01% | View data |
| 7 | 7 Germany | 81.17 | 2023 | +15.63% | View data | |
| 8 | 8 Slovakia | 66.84 | 2023 | +21.02% | +13.64% | View data |
| 9 | 9 Czech Republic | 38.32 | 2023 | +11.95% | +22.84% | View data |
| 10 | 10 Switzerland | 9.58 | 2023 | +2.35% | +21.83% | View data |
