The United States dominates global exports of soya bean flour or meal, holding 80.07% of the market share, with Italy being a distant second at 5.25%. Fast-growing exporters include Lithuania, UAE, and Japan, each exhibiting double-digit growth, whereas Brazil, Hungary, and Chile experience significant declines. In 2023, notable year-on-year increases were seen in Nigeria at 20.92% and Zambia at 18.05%. Over 5 years, the exports landscape saw diversification with emerging players like Lithuania, increasing their share by 58.3%.
Looking forward, attention should be on the continued rise of emerging markets like Nigeria and Zambia due to agricultural innovations and strategic partnerships. Monitoring shifts in US market share is vital, due to its overwhelming dominance. Additionally, geopolitical changes and environmental policies impacting production and trade should influence future trends.
Top countries in Export of Soya Bean Flour or Meal Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 80.07 | 2023 | +2.91% | +1.87% | View data |
| 2 | 2 Italy | 5.25 | 2023 | +4.02% | +5.43% | View data |
| 3 | 3 Portugal | 1.25 | 2023 | +4.59% | +1.81% | View data |
| 4 | 4 Bolivia | 1.22 | 2023 | -3.68% | -3.14% | View data |
| 5 | 5 Malaysia | 0.87 | 2023 | +3.51% | +4.81% | View data |
| 6 | 6 India | 0.78 | 2023 | -6.75% | +7.4% | View data |
| 7 | 7 Nigeria | 0.58 | 2023 | +4.46% | +20.92% | View data |
| 8 | 8 Serbia | 0.54 | 2023 | +1.61% | +1.84% | View data |
| 9 | 9 Austria | 0.5 | 2023 | +2% | +2.45% | View data |
| 10 | 10 Australia | 0.34 | 2023 | +4.79% | +2.66% | View data |
