As of 2023, Argentina leads in soybean area harvested at 16.91 million hectares. From 2024, past trends show substantial variations in year-on-year growth rates and CAGR from 2020 to 2023. By 2029, Argentina shows a slight increase of 0.23%, while countries like Mexico and the Philippines demonstrate notable increases of 0.89% and 0.93%, respectively. In contrast, Indonesia, Kazakhstan, and Egypt are witnessing decreases or minimal growth.
Future trends to watch for in the global soybean area harvested include:
- Environmental sustainability practices impacting cultivation methods.
- Technological advancements enhancing yield per hectare.
- Trade policies affecting global soybean production and export dynamics.
- Emerging markets potentially contributing to growth in harvested areas.
Top countries in Soybean Area Harvested, Forecast 2020-2029 by Country
| # | 6 Countries | Thousand Hectares | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Argentina | 16,910 | 2029 | +0.14% | +0.23% | View data |
| 2 | 2 Indonesia | 396.19 | 2029 | -0.18% | -0.19% | View data |
| 3 | 3 Mexico | 298.65 | 2029 | +0.89% | +0.89% | View data |
| 4 | 4 Kazakhstan | 139.54 | 2029 | +0.022% | +0.0037% | View data |
| 5 | 5 Egypt | 14.1 | 2029 | -0.085% | -0.081% | View data |
| 6 | 6 Philippines | 1.38 | 2029 | +0.91% | +0.93% | View data |
