The global soybean meal supply is dominated by China, the United States, and Brazil, with China leading at over 78 million metric tons. Major suppliers like Brazil and Indonesia experienced significant growth, while Argentina and Pakistan noted declines. Notable increases in supply were recorded in countries like Ecuador, Uruguay, and Zimbabwe, reflecting geographic diversification.
Future trends to watch include potential impacts of climate change on soybean production, trade policy shifts influencing global distribution, and technological advancements improving yield and efficiency. Asia may continue to drive demand growth due to its expanding livestock industry, while infrastructure improvements in developing regions could influence market dynamics.
Top countries in Soybean Meal Supply by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 78,540 | 2023 | +3.86% | +2.85% | View data |
| 2 | 2 United States | 50,010 | 2023 | +3.16% | +1.95% | View data |
| 3 | 3 Brazil | 46,520 | 2023 | +3.47% | +4.58% | View data |
| 4 | 4 Argentina | 29,280 | 2023 | +10.44% | -3.48% | View data |
| 5 | 5 India | 7,890 | 2023 | -9.47% | -0.15% | View data |
| 6 | 6 Mexico | 7,310 | 2023 | +3.32% | +1.14% | View data |
| 7 | 7 Vietnam | 7,170 | 2023 | +6.19% | +1.43% | View data |
| 8 | 8 Indonesia | 5,950 | 2023 | +2.06% | +4.62% | View data |
| 9 | 9 Thailand | 5,200 | 2023 | +4.13% | +2.35% | View data |
| 10 | 10 Russia | 4,910 | 2023 | +6.17% | +3.33% | View data |
