| Soybeans
& Soybean Meal Trade
World
Soybean Meal Trade Share
Two major players in global soybean meal
exports are Brazil and Argentina. In 1996/97, Brazil was the
world's largest exporter of soybean meal, with 31.3 per cent
or 10.66 million metric tons of the world's export volume.
Argentina, on the other hand, followed closely behind with
25.5 per cent or 8.68 million metric tons. However, since
1997/98, Argentina has taken over Brazil as the world's largest
soybean meal exporter. In 2000/01, Argentina will continue
to be the biggest soybean meal exporter, with 36 per cent
share or 14.40 million metric tons of the world's total export
volume. Brazil, the second largest, will follow behind with
25 per cent or 10 million metric tons of the total. The Unites
States will remain in the third place, with a projected 16
per cent share or 6.53 million metric tons exported soybean
meal. The U.S. soybean meal exports has not grown very much
since 1996, with only 3 per cent expansion in the export share.
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Source: United States Department of Agriculture (USDA)
On the contrary, the globla soybean meal import
shares are more evenly distributed among many players. In
1996/97, China had the largest soybean meal import share,
with 10.5 per cent or 3.6 million metric tons of the world's
total import volume. After 1997/98, however, China's soybean
meal import plunged more than 66 per cent from 4.2 to 1.4
million metric tons. In 1998/99, France emerged as the world's
biggest importer of soybean meal, with 11 per cent growth
in its import volume from 3.65 million metric tons in 1997/98
to 4.11 million metric tons. France is projected to remain
the largest soybean meal importer in 2000/01, with a share
of 10 per cent of the total world import volume, while China's
share of the pie will simply disappear, with less than 2
per cent or 700,000 metric tons of imported soybean meal.
Instead, Spain and the Netherlands will become the world's
second and third largest soybean meal importers, with 7
and 6 per cent or 2.7 and 2.39 million metric tons of the
total import volume, respectively.
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