The global soybean oil production landscape shows significant contributions from China, the United States, and Brazil, collectively making up more than 65% of the market. In recent years, China's production surged by 3.72%, driven by increased demand and modernization, while Brazil and Argentina also saw notable increases. Despite global growth, countries like India and Venezuela observed production declines. Belgium faced a steep drop due to market shifts, while emerging markets like Nigeria and Lebanon expanded rapidly.
Future trends to monitor include China's strategic agricultural policies, Brazil's sustainability commitments, and technological advancements enhancing production efficiency. Additionally, geopolitical influences and climate change could impact future output levels.
Top countries in Soybean Oil Production Share by Country (Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 30.82 | 2023 | +3.31% | +3.72% | View data |
| 2 | 2 United States | 17.89 | 2023 | +1.4% | +1.26% | View data |
| 3 | 3 Brazil | 16.65 | 2023 | +2.39% | +2.98% | View data |
| 4 | 4 Argentina | 12.71 | 2023 | +1.45% | +2.57% | View data |
| 5 | 5 India | 2.24 | 2023 | +0.096% | -0.79% | View data |
| 6 | 6 Mexico | 1.47 | 2023 | +3.94% | +3.57% | View data |
| 7 | 7 Paraguay | 1.44 | 2023 | +3.4% | +4.23% | View data |
| 8 | 8 Russia | 1.43 | 2023 | +4.19% | +4.51% | View data |
| 9 | 9 Netherlands | 1.03 | 2023 | +1.08% | +0.59% | View data |
| 10 | 10 Germany | 0.99 | 2023 | +0.018% | -0.098% | View data |
