Analysis of world trends in soybean production

Abstract

The article is devoted to the main trends in soybean production in the world. The paper analyzes the dynamics and structure of sown areas, gross harvest volumes and soybean yields in the world for the period 2014- 2023 in the context of leading producing countries. The increase in sown areas and increased yields ensures the growth of global soybean production. In 2023, the global gross soybean harvest amounted to 398.2 million tons, of which 1.71% was produced in Russia. According to the current structure of the soybean sown area in the world, almost 80% is concentrated in three main leading countries - Brazil, the USA and Argentina. Based on statistical data from the U.S. Foreign Agricultural Service, The Department of Agriculture (USDA) conducted a ranking of the yield level, thereby identifying the main leading countries with the highest yield level - Turkey (41.2 c/ha), the United States and Brazil (34.0 c/ha), and Canada and Argentina - (30.9 c/ha) and (30.3 c/ha), respectively. The dynamics and structure of domestic soybean consumption confirms the importance and uniqueness of soybean as one of the main agricultural crops in the world. As a result of the study, the main global trends in soybean production were identified.