Brazil dominates global soybean production with a 35.71% share, followed by the United States at 29.36%, and Argentina at 14.78%. China and India are also notable contributors at 4.46% and 3.72% respectively. Over the past year, Brazil's production grew by 2.24% while the United States saw a decline of 2.11%. Significant growth was observed in Argentina (7.6%) and Uruguay (16.29%), indicating shifting dynamics. Countries like Germany (11.47%) and Burkina Faso (12.24%) also showed impressive gains.
Future trends to watch include the impact of agricultural innovations in Brazil, potential policy changes in the United States, and expansion in emerging markets like India and Russia. Monitoring weather patterns and geopolitical shifts will be crucial for anticipating changes in production shares.
Top countries in Soybeans Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 35.71 | 2023 | +2.9% | +2.24% | View data |
| 2 | 2 United States | 29.36 | 2023 | +0.76% | -2.11% | View data |
| 3 | 3 Argentina | 14.78 | 2023 | +1.21% | +7.6% | View data |
| 4 | 4 China | 4.46 | 2023 | +1.08% | +0.59% | View data |
| 5 | 5 India | 3.72 | 2023 | +1.65% | +4.66% | View data |
| 6 | 6 Paraguay | 2.75 | 2023 | +1.89% | -1.7% | View data |
| 7 | 7 Canada | 1.94 | 2023 | +1.98% | -0.75% | View data |
| 8 | 8 Russia | 1.41 | 2023 | +4.46% | +5.32% | View data |
| 9 | 9 Ukraine | 1.23 | 2023 | +3.09% | +0.34% | View data |
| 10 | 10 Bolivia | 0.89 | 2023 | +2.11% | +2.19% | View data |
