The analysis of Global Soybean Import Share by Country shows China's dominance in the market, with a significant 61.42% share. Mexico, Egypt, and Argentina follow with shares around 3.59%, 2.48%, and 2.47% respectively. In 2023, China's market share remained robust, fueling global demand. The Compound Annual Growth Rate (CAGR) over the past five years underscores consistent global dependency on soybean imports.
Future trends to watch include:
- Potential shifts in trade policies influencing soybean trade flows.
- Growing demand for plant-based protein impacting import shares.
- Technological advancements in agriculture possibly altering production and import needs.
- Sustainability practices affecting supply chains and importation.
Top countries in Soybean Import, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 61.42 | 2030 | View data |
| 2 | 2 Mexico | 3.59 | 2030 | View data |
| 3 | 3 Egypt | 2.48 | 2030 | View data |
| 4 | 4 Argentina | 2.47 | 2030 | View data |
| 5 | 5 Thailand | 2.23 | 2030 | View data |
| 6 | 6 Japan | 1.86 | 2030 | View data |
| 7 | 7 Indonesia | 1.68 | 2030 | View data |
| 8 | 8 Taiwan | 1.66 | 2030 | View data |
| 9 | 9 Pakistan | 1.6 | 2030 | View data |
| 10 | 10 Iran | 1.19 | 2030 | View data |
