In 2023, Brazil led global soybean production with a 35.27% share, followed closely by the United States at 34.58%. Argentina, China, and India were key contributors despite smaller proportions at 10.36%, 4.02%, and 3.94%, respectively. Noteworthy growth was observed in countries like Nigeria and Romania, highlighting potential emerging markets. Among lower producers, significant gains were seen in Germany and Bulgaria, whilst major decreases occurred in nations like North Korea and Australia.
Looking ahead, Brazil is expected to maintain its lead, with steady growth observed in Russia and Nigeria. However, geopolitical and climate-related disruptions may impact future projections. Monitoring technological advancements and sustainability practices remains crucial for the evolving production landscape.
Top countries in Soybeans Production Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 35.27 | 2023 | +1.88% | +1.7% | View data |
| 2 | 2 United States | 34.58 | 2023 | +0.85% | +0.86% | View data |
| 3 | 3 Argentina | 10.36 | 2023 | -2.83% | -0.056% | View data |
| 4 | 4 China | 4.02 | 2023 | +1.04% | +0.61% | View data |
| 5 | 5 India | 3.94 | 2023 | +1.72% | +0.76% | View data |
| 6 | 6 Paraguay | 3.09 | 2023 | +0.8% | +0.32% | View data |
| 7 | 7 Canada | 2.2 | 2023 | +1.4% | +1.57% | View data |
| 8 | 8 Russia | 1.25 | 2023 | +2.79% | +2.38% | View data |
| 9 | 9 Ukraine | 1.24 | 2023 | +0.85% | +0.25% | View data |
| 10 | 10 Bolivia | 0.8 | 2023 | +0.1% | -0.14% | View data |
