From 2021 to 2023, Brazil and the United States dominated global soybean exports, contributing significantly to the overall market with percentages of 52.97% and 32.56%, respectively. Argentina, though a distant third, contributed 4.86%. As of 2023, the largest portion of global soybean exports was covered by these three countries, with smaller contributions from nations like Canada and Ukraine. Year-on-year variations highlight a stable trend in Brazil and the United States, while smaller exporting countries show minimal fluctuations. Over a five-year period, the Compound Annual Growth Rate (CAGR) remains relatively flat, reflecting stable market shares.
Future trends to watch include Brazil's potential expansion due to favorable agricultural policies and technological advancements. The U.S. may face competition from emerging markets and changing trade dynamics. Sustainability will become crucial as buyers seek eco-friendly sources. Monitoring these trends will be essential for understanding shifts in the global soybean export market by 2030.
Top countries in Soybean Export, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Brazil | 52.97 | 2030 | View data |
| 2 | 2 United States | 32.56 | 2030 | View data |
| 3 | 3 Argentina | 4.86 | 2030 | View data |
| 4 | 4 Canada | 2.28 | 2030 | View data |
| 5 | 5 Ukraine | 1.38 | 2030 | View data |
| 6 | 6 Russia | 0.42 | 2030 | View data |
| 7 | 7 India | 0.093 | 2030 | View data |
| 8 | 8 China | 0.055 | 2030 | View data |
| 9 | 9 Malaysia | 0.011 | 2030 | View data |
| 10 | 10 South Africa | 0.003 | 2030 | View data |
