The global soybean meal export market shows dominant positions by Argentina (43.87%), Brazil (25.22%), and the United States (17.61%) as of 2023. These countries have shown consistent export performance, attributed to their large agricultural sectors and processing capacities. Other countries like India, China, and Ukraine contribute smaller shares but indicate potential growth areas. Year-over-year analysis showcases steady trends from 2021 to 2023, leading into the 2024 forecasts. The data indicates a healthy compound annual growth rate (CAGR) over five years, underscoring the global demand for protein meal driven by the livestock and aquaculture industries.
Future trends to watch include the impact of climate change on crop yields, evolving trade policies between major producers and consumers, and innovations in agricultural technology. Additionally, increasing global protein consumption and sustainable agriculture practices are expected to influence production and export strategies in this sector.
Top countries in Soybean Meal Export, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Argentina | 43.87 | 2030 | View data |
| 2 | 2 Brazil | 25.22 | 2030 | View data |
| 3 | 3 United States | 17.61 | 2030 | View data |
| 4 | 4 India | 2.28 | 2030 | View data |
| 5 | 5 China | 1.38 | 2030 | View data |
| 6 | 6 Ukraine | 0.83 | 2030 | View data |
| 7 | 7 Russia | 0.51 | 2030 | View data |
| 8 | 8 Canada | 0.5 | 2030 | View data |
| 9 | 9 Vietnam | 0.16 | 2030 | View data |
| 10 | 10 South Africa | 0.13 | 2030 | View data |
