The global soybean meal crush is led by China, which had a volume of 115.43 million metric tons in 2023, followed by the United States with 62.32, Brazil at 48.31, and Argentina with 46.51. India, while significantly lower, remains an important emerging market. The period from 2021 to 2023 saw moderate growth, with year-on-year variations being relatively stable across the top producers. The overall Compound Annual Growth Rate (CAGR) from 2019 demonstrates a steady pace of expansion in the sector.
Future trends to watch include:
- Continued growth in Asian markets, especially in developing nations, due to rising demand for livestock feed.
- Potential impact of sustainable agricultural practices and policies impacting production levels.
- Market volatility driven by geopolitical tensions and trade policies, particularly among large soybean producers like the US, Brazil, and Argentina.
Top countries in Soybean Meal Crush, Forecast 2021-2030 by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 115,430 | 2030 | View data |
| 2 | 2 United States | 62,320 | 2030 | View data |
| 3 | 3 Brazil | 48,310 | 2030 | View data |
| 4 | 4 Argentina | 46,510 | 2030 | View data |
| 5 | 5 India | 11,300 | 2030 | View data |
| 6 | 6 Mexico | 7,060 | 2030 | View data |
| 7 | 7 Russia | 5,120 | 2030 | View data |
| 8 | 8 Egypt | 4,640 | 2030 | View data |
| 9 | 9 Pakistan | 3,020 | 2030 | View data |
| 10 | 10 Thailand | 2,970 | 2030 | View data |
