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Table 08: Soybean Meal: World Supply and Distribution 
  
Thousand Metric Tons
Date Created  03/08/2024 12:00:31 PM  
 
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  2019/20 2020/21 2021/22 2022/23 Feb
2023/24
Mar
2023/24
Production nr nr nr nr nr nr
China 72,468 75,240 71,280 76,032 77,616 77,616
United States 46,358 45,872 47,005 47,621 49,128 49,218
Brazil 36,225 36,047 39,307 41,144 41,656 41,075
Argentina 30,240 31,320 30,287 23,648 27,690 27,690
European Union 12,324 12,482 12,166 11,297 11,771 11,771
India 6,890 8,000 6,800 8,240 8,400 8,400
Mexico 4,740 4,900 5,020 5,255 5,120 5,120
Other 36,359 36,072 36,550 34,578 37,138 36,873
 
 
Total 245,604 249,933 248,415 247,815 258,519 257,763
 
Imports nr nr nr nr nr nr
European Union 16,329 16,504 16,536 16,012 15,800 15,800
Indonesia 5,043 5,356 5,535 5,434 5,725 5,725
Vietnam 5,336 5,200 5,531 4,800 5,300 5,300
Thailand 2,854 2,687 3,077 3,141 3,150 3,150
Philippines 2,906 2,839 2,895 2,600 2,925 3,025
Mexico 1,818 1,854 1,827 1,668 2,050 2,050
United Kingdom 2,133 2,214 2,015 1,762 2,000 2,000
Colombia 1,509 1,607 1,831 1,603 1,850 1,850
Ecuador 1,187 1,597 1,775 1,600 1,850 1,850
Korea, South 1,992 1,727 1,726 1,492 1,650 1,650
Other 22,216 23,775 24,405 22,560 24,467 24,552
 
 
Total 63,323 65,360 67,153 62,672 66,767 66,952
 
Exports nr nr nr nr nr nr
Argentina 27,461 28,325 26,589 20,751 24,400 24,400
Brazil 17,499 16,577 20,207 21,342 20,500 20,100
United States 12,549 12,406 12,283 13,303 13,880 14,334
Paraguay 2,138 1,916 1,270 1,992 2,000 2,000
Bolivia 1,723 2,117 2,153 2,250 1,850 1,850
Other 6,572 8,093 6,324 7,572 7,416 7,348
 
 
Total 67,942 69,434 68,826 67,210 70,046 70,032
 
Domestic Consumption nr nr nr nr nr nr
China 71,115 74,425 71,100 75,050 76,750 76,750
United States 34,444 34,179 35,343 34,837 35,765 35,401
European Union 28,292 28,342 27,842 26,792 26,842 26,842
Brazil 18,200 19,000 19,700 20,300 20,700 20,700
Mexico 6,650 6,725 6,875 6,930 7,125 7,125
India 5,780 5,850 6,273 6,625 7,155 7,050
Vietnam 6,230 6,130 6,235 5,785 6,205 6,205
Indonesia 4,900 5,200 5,550 5,580 5,650 5,650
Thailand 4,795 4,745 4,900 4,750 4,980 4,980
Russia 3,500 3,475 3,450 3,650 3,900 3,900
Japan 3,655 3,615 3,610 3,550 3,560 3,560
Argentina 3,200 3,275 3,325 3,400 3,475 3,475
Iran 3,400 3,430 3,500 2,950 3,100 3,100
Egypt 3,450 3,600 3,650 2,800 3,050 3,050
Philippines 2,900 2,875 2,950 2,775 2,900 3,000
Other 40,160 41,219 41,814 40,723 42,565 42,703
 
 
Total 240,671 246,085 246,117 246,497 253,722 253,491
 
Ending Stocks nr nr nr nr nr nr
Brazil 3,982 4,470 3,882 3,390 3,856 3,675
Argentina 2,568 2,289 2,797 2,361 2,186 2,186
China 1,121 958 710 937 794 853
Algeria 490 335 208 458 453 478
European Union 765 562 658 435 464 464
Other 7,597 7,683 8,667 6,121 7,400 7,238
 
 
Total 16,523 16,297 16,922 13,702 15,153 14,894
 
Most countries are on an October/September Marketing Year (MY). The Mexico and Thailand are on a September/August MY. Canada is on an August/July MY. Paraguay, Vietnam and the Philippines are on a January/December MY and Bolivia is on a March/February MY.