In 2023, global soybean meal exports were dominated by Argentina, Brazil, and the United States, contributing significantly to the global supply. Currently, Argentina leads with 31.87 million metric tons, followed by Brazil's 18.32 million metric tons, and the United States with 12.79 million metric tons. India and China have smaller yet notable contributions, marking their importance in Asia.
Future trends to watch for in global soybean meal exports include:
- A potential increase in production capacity and more competitive export strategies from Brazil and the United States.
- Geopolitical factors affecting countries like Ukraine and Russia that could impact their export capacities.
- Global demands fluctuating due to shifts in meat consumption, affecting the derived demand for soybean meal.
- Technological advancements in farming and processing that could increase efficiency and output.
- Environmental policies potentially influencing sustainable production and export practices worldwide.
Top countries in Soybean Meal Export, Forecast 2021-2030 by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 Argentina | 31,870 | 2030 | View data |
| 2 | 2 Brazil | 18,320 | 2030 | View data |
| 3 | 3 United States | 12,790 | 2030 | View data |
| 4 | 4 India | 1,660 | 2030 | View data |
| 5 | 5 China | 1,000 | 2030 | View data |
| 6 | 6 Ukraine | 601.6 | 2030 | View data |
| 7 | 7 Russia | 369 | 2030 | View data |
| 8 | 8 Canada | 364.2 | 2030 | View data |
| 9 | 9 Vietnam | 114.5 | 2030 | View data |
| 10 | 10 South Africa | 94 | 2030 | View data |
