Global soybean production is highly concentrated, with Brazil, the United States, Argentina and China being the main producers, accounting for more than 80% of the world's total production. These countries not only dominate in terms of production, but also play a key role in global soybean trade.
Brazil is the world's largest soybean producer, with soybean production areas mainly distributed in the Brazilian plateau. The United States is the world's second soybean producer, with soybean cultivation mainly concentrated in the Midwest and the Great Lakes region.
In recent years, the demand for soybeans in Vietnam has continued to grow, mainly due to the rapid development of its domestic animal husbandry and aquaculture industries. According to the analyst, Vietnam's pork, chicken and aquaculture production has increased significantly in the past decade, which has directly driven the demand for animal feed such as soybeans.
Vietnam's soybean cultivation is mainly concentrated in the northern region. However, due to the limited soybean production in Vietnam, it cannot meet the needs of domestic feed processing and breeding industries, so Vietnam needs to import a large number of soybeans. According to the data, Vietnam's soybean imports reached US$1.163 billion in 2024, a year-on-year increase of 3.2%. With the continued expansion of Vietnam's domestic animal husbandry and aquaculture industries, Vietnam's soybean imports are expected to continue to grow in the next few years.
According to the analyst, the main import sources of Vietnamese soybeans include Brazil, the United States, Canada and other countries. The United States is the largest source of soybean imports for Vietnam, accounting for about 31% of the entire import market. Brazil is second, accounting for about 30% of the entire import market.
According to the analyst, the top three countries for Vietnam's soybean imports from 2021 to 2024 are the United States, Brazil and Singapore, and the companies that export soybeans to Vietnam are mainly trading companies. The main importers of soybeans in Vietnam from 2021 to 2024 include foreign giants and local Vietnamese companies.
Overall, the demand for soybeans in Vietnam is mainly driven by its rapidly developing animal husbandry and aquaculture industries. However, due to the limited domestic soybean production in Vietnam, its soybean supply is highly dependent on imports.
The publisher expects that with the continued growth of Vietnam's economy and the improvement of residents' living standards, Vietnam's soybean imports will continue to rise in the next few years. The analyst recommends that global grain trading companies should conduct research on Vietnamese soybeans and related markets as soon as possible to prepare for entering the Vietnamese market.
Topics covered:
- The Import and Export of Soybean in Vietnam (2021-2024)
- Total Import Volume and Percentage Change of Soybean in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Soybean in Vietnam (2021-2024)
- Total Import Value and Percentage Change of Soybean in Vietnam (January-November 2024)
- Average Import Price of Soybean in Vietnam (2021-2024)
- Top 10 Sources of Soybean Imports in Vietnam and Their Supply Volume
- Top 10 Suppliers in the Import Market of Soybean in Vietnam and Their Supply Volume
- Top 10 Importers of Soybean in Vietnam and Their Import Volume
- How to Find Distributors and End Users of Soybean in Vietnam
- How Foreign Enterprises Enter the Soybean Market of Vietnam
- Forecast for the Import of Soybean in Vietnam (2025-2034)
Table of Contents
Companies Mentioned
- The Delong Co Inc
- Enerfo Pte Ltd
- Dynamic Marine Ltd
- Bunge Vietnam
- Vietnam Agribusiness Ltd
- Dabaco Group
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 1.22 Billion |
| Forecasted Market Value ( USD | $ 1.89 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Vietnam |
| No. of Companies Mentioned | 6 |
