MERCOSUR: Soya Bean Market 2024

Soya Bean Market Size in MERCOSUR

The MERCOSUR soya bean market rose to $X in 2022, growing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Soya Bean Production in MERCOSUR

In value terms, soya bean production totaled $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Brazil (X tons) remains the largest soya bean producing country in MERCOSUR, accounting for X% of total volume. Moreover, soya bean production in Brazil exceeded the figures recorded by the second-largest producer, Argentina (X tons), threefold. Paraguay (X tons) ranked third in terms of total production with a X% share.

In Brazil, soya bean production increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Paraguay (X% per year).

The average soya bean yield contracted modestly to X tons per ha in 2022, standing approx. at 2021. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield stood at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, approx. X ha of soya beans were harvested in MERCOSUR; almost unchanged from 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The level of harvested area peaked at X ha in 2021, and then declined slightly in the following year.

Soya Bean Exports

Exports in MERCOSUR

In 2022, overseas shipments of soya beans decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, soya bean exports surged to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Brazil prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Argentina (X tons), constituting a X% share of total exports. The following exporters - Uruguay (X tons) and Paraguay (X tons) - each accounted for a X% share of total exports.

Brazil was also the fastest-growing in terms of the soya beans exports, with a CAGR of X% from 2012 to 2022. At the same time, Uruguay (X%) displayed positive paces of growth. Paraguay experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Uruguay (X p.p.), Paraguay (X p.p.) and Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest soya bean supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

In Brazil, soya bean exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Uruguay ($X per ton) and Argentina ($X per ton), while Paraguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uruguay (X%), while the other leaders experienced more modest paces of growth.

Soya Bean Imports

Imports in MERCOSUR

Soya bean imports dropped notably to X tons in 2022, which is down by X% compared with the year before. In general, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, soya bean imports shrank sharply to $X in 2022. Overall, imports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted remarkably in the following year.

Imports by Country

Argentina was the largest importing country with an import of about X tons, which amounted to X% of total imports. Colombia (X tons) ranks second in terms of the total imports with a X% share, followed by Brazil (X%) and Peru (X%). Chile (X tons) took a minor share of total imports.

Argentina was also the fastest-growing in terms of the soya beans imports, with a CAGR of X% from 2012 to 2022. At the same time, Peru (X%), Colombia (X%), Chile (X%) and Brazil (X%) displayed positive paces of growth. While the share of Argentina (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Chile (X p.p.), Peru (X p.p.), Colombia (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, Argentina ($X) constitutes the largest market for imported soya beans in MERCOSUR, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with an X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Argentina amounted to X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Colombia ($X per ton) and Argentina ($X per ton), while Brazil ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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