1887

OECD-FAO Agricultural Outlook 2018-2027

image of OECD-FAO Agricultural Outlook 2018-2027

The fourteenth joint edition of the OECD-FAO Agricultural Outlook provides market projections for major agricultural commodities, biofuels and fish, as well as a special feature on the prospects and challenges of agriculture and fisheries in the Middle East and North Africa.

World agricultural markets have changed markedly since the food price spikes of 2007-8, as production has grown strongly while demand growth has started to weaken. In the coming decade, real agricultural prices are expected to remain low as a result of reduced growth in global food and feed demand. Net exports will tend to increase from land abundant countries and regions, notably in the Americas. Countries with limited natural resources, slow production expansion and high population growth will see rising net imports. Increasing import dependence is projected in particular for the Middle East and North Africa, where a scarcity of arable land and water constrains agricultural production.

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From Chapter: Statistical Annex
.

Table A.18.2 - Soybean projections: Consumption, domestic crush

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OECD-FAO Agricultural Outlook 2018-2027 - © OECD 2018

‌A.18.2Soybean projections: Consumption, domestic crush
A.18.2Soybean projections: Consumption, domestic crush
  Marketing year
‌‌
CONSUMPTION (kt)
Growth (%) 3
DOMESTIC CRUSH (kt)
Growth (%) 3
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
WORLD
332 778
 
406 445
 
4.89
 
1.46
 
297 540
 
367 771
 
4.96
 
1.54
 
NORTH AMERICA
59 430
 
70 516
 
2.35
 
1.42
 
53 924
 
64 643
 
1.93
 
1.54
 
Canada
2 625
 
2 856
 
5.42
 
0.86
 
1 896
 
2 129
 
5.12
 
1.17
 
United States
56 805
 
67 660
 
2.23
 
1.44
 
52 028
 
62 514
 
1.83
 
1.55
 
LATIN AMERICA
103 702
 
125 409
 
3.70
 
1.56
 
95 721
 
115 904
 
3.73
 
1.56
 
Argentina
43 690
 
51 996
 
3.78
 
1.74
 
42 686
 
50 926
 
3.87
 
1.77
 
Brazil
45 924
 
56 084
 
2.81
 
1.37
 
40 823
 
49 963
 
2.80
 
1.34
 
Chile
383
 
437
 
9.65
 
0.76
 
383
 
437
 
9.66
 
0.76
 
Colombia
890
 
1 322
 
8.75
 
2.80
 
886
 
1 322
 
8.84
 
2.80
 
Mexico
4 223
 
5 221
 
2.05
 
1.31
 
3 988
 
4 973
 
2.13
 
1.35
 
Paraguay
4 150
 
5 175
 
12.88
 
1.99
 
3 974
 
4 915
 
13.00
 
1.99
 
EUROPE
23 675
 
24 558
 
4.62
 
0.41
 
21 044
 
22 344
 
4.60
 
0.49
 
European Union
16 520
 
16 816
 
2.35
 
0.57
 
14 425
 
15 125
 
1.94
 
0.68
 
Russia
4 815
 
5 469
 
16.06
 
0.01
 
4 726
 
5 390
 
15.85
 
0.02
 
Ukraine
1 421
 
1 341
 
11.65
 
0.40
 
1 280
 
1 200
 
14.22
 
0.37
 
AFRICA
5 793
 
8 157
 
6.30
 
2.04
 
5 092
 
7 190
 
6.80
 
1.91
 
Egypt
1 797
 
2 430
 
2.06
 
1.39
 
1 791
 
2 420
 
2.03
 
1.39
 
Ethiopia
94
 
142
 
25.77
 
4.08
 
59
 
94
 
27.54
 
4.62
 
Nigeria
634
 
745
 
-0.02
 
1.73
 
317
 
298
 
0.07
 
-0.44
 
South Africa
1 153
 
1 793
 
18.22
 
3.58
 
1 055
 
1 653
 
18.46
 
3.74
 
ASIA
140 131
 
177 735
 
7.20
 
1.53
 
121 718
 
157 627
 
7.79
 
1.67
 
China 1
104 144
 
131 419
 
8.39
 
1.57
 
89 764
 
115 839
 
9.15
 
1.74
 
India
8 818
 
11 961
 
-0.63
 
2.03
 
7 213
 
9 847
 
-1.94
 
2.00
 
Indonesia
3 127
 
3 422
 
3.69
 
0.80
 
2 420
 
2 709
 
5.39
 
0.98
 
Iran
2 021
 
2 481
 
11.59
 
1.10
 
2 014
 
2 473
 
11.90
 
1.10
 
Japan
3 443
 
3 290
 
-1.28
 
-0.60
 
2 678
 
2 541
 
-1.14
 
-0.73
 
Kazakhstan
233
 
268
 
9.83
 
1.39
 
122
 
131
 
5.31
 
0.70
 
Korea
1 414
 
1 463
 
0.87
 
0.39
 
1 004
 
1 036
 
1.61
 
0.49
 
Malaysia
777
 
1 108
 
5.40
 
1.40
 
777
 
1 108
 
5.40
 
1.40
 
Pakistan
1 497
 
2 546
 
29.94
 
2.40
 
1 497
 
2 546
 
30.03
 
2.40
 
Philippines
134
 
1 023
 
12.48
 
6.96
 
130
 
1 022
 
12.12
 
6.97
 
Saudi Arabia
598
 
844
 
26.47
 
1.10
 
598
 
844
 
26.47
 
1.10
 
Thailand
2 842
 
3 609
 
5.76
 
1.01
 
2 820
 
3 609
 
6.30
 
1.01
 
Turkey
2 651
 
3 365
 
9.22
 
1.92
 
2 550
 
3 262
 
9.45
 
1.95
 
Viet Nam
1 805
 
2 172
 
21.17
 
1.42
 
1 732
 
2 097
 
27.34
 
1.48
 
OCEANIA
47
 
70
 
-3.05
 
2.70
 
41
 
64
 
-3.37
 
3.00
 
Australia
46
 
69
 
-3.10
 
2.75
 
41
 
64
 
-3.37
 
3.00
 
New Zealand
1
 
1
 
0.00
 
0.00
 
0
 
0
 
..
 
..
 
DEVELOPED COUNTRIES
88 725
 
101 232
 
2.87
 
1.12
 
79 603
 
92 111
 
2.58
 
1.23
 
DEVELOPING COUNTRIES
244 053
 
305 213
 
5.72
 
1.57
 
217 936
 
275 660
 
5.97
 
1.64
 
LEAST DEVELOPED COUNTRIES (LDC)
1 864
 
3 095
 
15.98
 
2.36
 
1 601
 
2 756
 
22.08
 
2.24
 
OECD 2
89 199
 
102 265
 
2.31
 
1.18
 
80 062
 
93 150
 
2.02
 
1.30
 
BRICS
164 854
 
206 726
 
6.16
 
1.51
 
143 581
 
182 693
 
6.46
 
1.60
 
..
Not available
Note: Marketing year: See Glossary of Terms for definitions.
Average 2015-17est: Data for 2017 are estimated.
Disclaimer: http://oe.cd/disclaimer
1.
Refers to mainland only. The economies of Chinese Taipei, Hong Kong (China) and Macau (China) are included in the Asia aggregate.
2.
Excludes Iceland but includes all EU28 member countries.
3.
Least-squares growth rate (see glossary).
Source: OECD/FAO (2018), “OECD-FAO Agricultural Outlook”,OECD Agriculture statistics(database). doi:dx.doi.org/10.1787/agr-outl-data-en

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