December 2001 Edition
U.S. Share of World Soybean Exports Declines Despite Record Exports Expected in 2001/02
U.S. soybean exports are forecast to reach a record 27.2 million tons in 2001/02 helped in part by increased world demand and larger U.S. production. However, the total market share of U.S. soybean exports continues to trend downward. Since 1999/00, the share of world soybean exports originating from the U.S. has declined from 57 percent to 46 percent. South American exports continue to grow and capture most of the increase in world soybean demand. The most dramatic increase in exports has been Argentina where soybean exports are expected to more than double to 9.0 million tons in 2001/02 compared to 1999/00. The ability of South American producers to increase production since 1999/00 (up nearly 16 million tons or 29 percent) coupled with aggressive marketing of soybeans has contributed to the decline in U.S. export share. The situation for soybean meal is brighter as the market share for U.S. exports has only declined marginally and is expected to reach 16 percent in 2001/02.
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Approved by the World Agricultural Outlook Board/USDA