The Foreign Agricultural Service of the U.S. Department of Agriculture has updated their soybean meal consumption and production values for the individual countries. The following table provides current values for soybean meal production, imports, exports and domestic consumption. This table demonstrates the relationship of domestic consumption to soybean production, meal imports and exports (Tonnage of soybean meal consumed is a function of soybean meal domestically produced plus imported. In some countries, the soybean meal that is not domestically consumed is exported).
China consumes the most soybean meal, followed by the United States, the European Union, Brazil and several other countries with livestock and poultry operations. Nearly 65% of the world’s soybean meal is consumed by China, United States, the European Union and Brazil.
Soybean Meal: World Supply and Demand (Millions Metric Tons)
Production
Imports
Exports
Domestic Consumption
China
73.66
72.67
United States
45.56
11.88
34.02
European Union
12.40
18.75
30.94
Brazil
34.90
16.30
18.50
Mexico
5.06
2.00
7.05
Vietnam
5.35
6.17
Indonesia
4.80
4.75
Iran
2.40
4.60
Thailand
2.80
4.28
Russia
3.65
Japan
1.62
3.52
Argentina
33.05
29.65
3.40
Egypt
3.35
Philippines
3.10
3.18
Other
33.90
22.06
9.56
37.66
Total
246.05
64.42
67.39
243.53
Global market Analysis. Foreign Agriculture Service, U.S. Department of Agriculture. May 2020.
