Browse Data and Analysis

The 2021 U.S. Agricultural Export Yearbook provides a statistical summary of U.S. agricultural commodity exports to the world.

Taiwan’s soybean imports are projected to reach 2.63 and 2.65 MMT in MY2021/22 and MY 2022/23. Soybean import demand will be buoyed by steady feed demand as well as exports and demand for soybean oil. In MY 2020/21, Taiwan’s COVID-19 control restrictions in Q2-Q3 had some negative impact on demand from the HRI sector, especially for soybean oil and palm oil which are favored in commercial use.

Marketing Year (MY) 2022/23 soybean imports are expected to increase 5 percent from a slow import growth in MY2021/22, driven by the recovery in hotel and food service sector. Palm oil production in MY2021/22 and MY2022/23 is expected to continue the upward trend.

The gradual economic recovery from the COVID-19 pandemic is expected to continue to drive up import demand for soybeans in MY2020/21 and MY2021/22

Taiwan’s soybean imports are projected to fall to 2.45 million metric tons in marketing year 2019/2020 due to slowing demand in both food and feed use driven by the ongoing novel coronavirus pandemic.

The emergence of COVID-19 across the globe, including Thailand, is expected to negatively impact demand from both feed and food industries for most of 2020, leading to a reduction in consumption...

MY2018/19 and MY2019/2020 soybean imports are forecast at 2.7 million tons on continued strong demand.

Thailand’s imports of soybeans and soybean meal will be limited due to feed demand growth of only 1 to 2 percent in MY2018/19 and MY2019/20.

Taiwan is the United States sixth largest export market for soybeans. Soybean consumption and imports are forecast to remain stable in MY2017/18 and MY2018/19 at 2.525 million tons.

Slow feed demand growth will limit Thailand’s imports of soybean meal in MY2017/18 and MY2018/19, but have less impact on Thai imports of soybeans.

Growing feed demand driven by expanding livestock and poultry sectors is expected to generate increased import demand for soybeans in MY2017/18 and soybean meal in MY2016/17 and 2017/18.

Taiwan is a mature and stable market. The primary driver behind soybean imports is demand for soybean meal for animal feed.