The forecast for US soybean exports from 2024 to 2028 shows a steady upward trend. The projected values increase from 51.16 million metric tons in 2024 to 53.24 million metric tons in 2028. As of 2023, the actual value stood at 50.7 million metric tons. The year-on-year increase from 2024 onward is approximately 1%, indicating a consistent growth trajectory. Over a five-year period, the CAGR is projected to be around 0.8% annually, reflecting this steady but modest growth.
Future trends to watch for include changes in global demand, particularly from China and emerging markets, potential trade policy adjustments, and environmental shifts affecting crop yields. Additionally, technological advancements in agriculture could influence productivity and export volumes.
