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.18.1 - Soybean projections: Production and trade

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

‌A.18.1Soybean projections: Production and trade
A.18.1Soybean projections: Production and trade
  Marketing year
‌‌
‌PRODUCTION (kt)‌
Growth (%) 3
IMPORTS (kt)
Growth (%) 3
EXPORTS (kt)
Growth (%) 3
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
Average
2015-17est
‌2027‌
‌2008-17‌
‌2018-27‌
WORLD
337 111
 
406 773
 
4.85
 
1.48
 
144 160
 
174 935
 
7.75
 
1.29
 
146 781
 
174 935
 
7.70
 
1.29
 
NORTH AMERICA
121 337
 
140 613
 
4.50
 
1.23
 
1 022
 
928
 
6.04
 
-0.07
 
60 417
 
71 015
 
6.08
 
0.89
 
Canada
6 902
 
9 523
 
9.25
 
1.42
 
350
 
250
 
0.63
 
-0.02
 
4 647
 
6 917
 
11.27
 
1.60
 
United States
114 434
 
131 090
 
4.26
 
1.22
 
671
 
678
 
9.44
 
-0.09
 
55 770
 
64 098
 
5.73
 
0.81
 
LATIN AMERICA
179 002
 
215 968
 
5.75
 
1.57
 
6 995
 
7 999
 
3.75
 
0.91
 
82 534
 
98 522
 
8.72
 
1.52
 
Argentina
56 739
 
66 379
 
2.56
 
1.97
 
0
 
0
 
..
 
..
 
13 665
 
14 379
 
1.76
 
2.89
 
Brazil
105 937
 
128 878
 
7.36
 
1.31
 
410
 
410
 
24.54
 
0.00
 
60 089
 
73 202
 
11.63
 
1.26
 
Chile
0
 
0
 
..
 
..
 
383
 
439
 
9.71
 
0.75
 
2
 
2
 
0.00
 
-0.75
 
Colombia
70
 
88
 
0.70
 
2.00
 
850
 
1 251
 
9.78
 
2.70
 
40
 
15
 
-13.65
 
-2.63
 
Mexico
399
 
529
 
14.34
 
1.50
 
3 993
 
4 692
 
1.83
 
1.39
 
0
 
0
 
..
 
..
 
Paraguay
9 800
 
12 338
 
8.32
 
1.70
 
0
 
0
 
..
 
..
 
5 717
 
7 139
 
5.47
 
1.53
 
EUROPE
10 355
 
13 225
 
16.57
 
1.66
 
16 607
 
16 260
 
2.17
 
0.16
 
3 335
 
4 933
 
31.42
 
2.88
 
European Union
2 520
 
2 923
 
14.86
 
1.33
 
14 058
 
13 960
 
0.96
 
0.45
 
138
 
71
 
12.44
 
0.16
 
Russia
3 367
 
4 822
 
19.25
 
1.96
 
2 087
 
1 823
 
15.81
 
-1.88
 
589
 
1 179
 
120.30
 
5.23
 
Ukraine
4 003
 
5 014
 
19.74
 
1.73
 
3
 
4
 
17.83
 
0.11
 
2 601
 
3 676
 
29.63
 
2.28
 
AFRICA
2 273
 
2 936
 
5.53
 
2.69
 
3 643
 
5 283
 
6.14
 
1.64
 
43
 
52
 
-13.03
 
-0.31
 
Egypt
40
 
47
 
3.93
 
1.56
 
1 767
 
2 385
 
1.82
 
1.38
 
0
 
0
 
..
 
..
 
Ethiopia
70
 
91
 
23.48
 
2.66
 
25
 
51
 
37.91
 
7.18
 
0
 
0
 
..
 
..
 
Nigeria
630
 
746
 
-0.69
 
1.72
 
0
 
0
 
..
 
..
 
1
 
1
 
-35.89
 
-4.80
 
South Africa
1 051
 
1 472
 
13.44
 
3.60
 
170
 
350
 
59.01
 
3.14
 
14
 
24
 
-18.70
 
-0.63
 
ASIA
24 095
 
33 954
 
-1.29
 
1.86
 
115 892
 
144 454
 
9.18
 
1.44
 
448
 
394
 
0.53
 
-0.22
 
China 1
13 019
 
19 052
 
-2.06
 
1.83
 
90 742
 
112 817
 
9.68
 
1.52
 
183
 
200
 
-6.46
 
0.00
 
India
8 700
 
11 954
 
-0.57
 
2.04
 
70
 
60
 
76.95
 
-0.86
 
85
 
48
 
8.13
 
1.62
 
Indonesia
751
 
1 023
 
-1.93
 
1.39
 
2 341
 
2 402
 
5.66
 
0.56
 
2
 
2
 
-45.34
 
-0.05
 
Iran
178
 
200
 
-1.79
 
1.15
 
1 946
 
2 346
 
15.36
 
1.02
 
80
 
63
 
71.21
 
-1.01
 
Japan
242
 
272
 
0.09
 
1.01
 
3 226
 
3 015
 
-1.05
 
-0.72
 
0
 
0
 
..
 
..
 
Kazakhstan
220
 
261
 
11.95
 
1.35
 
10
 
7
 
-19.92
 
0.43
 
0
 
0
 
..
 
..
 
Korea
96
 
116
 
-3.35
 
0.51
 
1 327
 
1 347
 
1.35
 
0.38
 
0
 
0
 
..
 
..
 
Malaysia
0
 
0
 
..
 
..
 
807
 
1 133
 
5.76
 
1.26
 
30
 
24
 
10.62
 
-1.24
 
Pakistan
4
 
4
 
-9.63
 
1.02
 
1 533
 
2 546
 
30.85
 
2.36
 
0
 
0
 
..
 
..
 
Philippines
1
 
1
 
0.00
 
2.16
 
130
 
1 022
 
11.67
 
6.97
 
0
 
0
 
..
 
..
 
Saudi Arabia
0
 
0
 
..
 
..
 
600
 
844
 
26.58
 
1.09
 
0
 
0
 
..
 
..
 
Thailand
56
 
67
 
-14.58
 
1.68
 
2 802
 
3 561
 
6.97
 
0.96
 
13
 
17
 
-2.38
 
-0.95
 
Turkey
153
 
192
 
17.78
 
2.01
 
2 450
 
3 185
 
9.50
 
1.87
 
19
 
8
 
-21.08
 
-1.84
 
Viet Nam
148
 
173
 
-7.63
 
1.35
 
1 684
 
2 005
 
36.08
 
1.42
 
1
 
1
 
-2.37
 
-0.18
 
OCEANIA
49
 
77
 
-2.65
 
3.29
 
2
 
12
 
-0.46
 
12.87
 
5
 
20
 
8.66
 
11.94
 
Australia
49
 
77
 
-2.65
 
3.29
 
1
 
11
 
-0.84
 
15.31
 
5
 
20
 
8.66
 
11.94
 
New Zealand
0
 
0
 
..
 
..
 
1
 
1
 
0.00
 
0.00
 
0
 
0
 
..
 
..
 
DEVELOPED COUNTRIES
133 257
 
155 924
 
5.16
 
1.29
 
21 800
 
21 307
 
1.87
 
0.08
 
63 770
 
75 991
 
6.64
 
1.01
 
DEVELOPING COUNTRIES
203 854
 
250 849
 
4.64
 
1.61
 
122 360
 
153 628
 
9.15
 
1.47
 
83 011
 
98 944
 
8.63
 
1.52
 
LEAST DEVELOPED COUNTRIES (LDC)
559
 
680
 
0.43
 
1.98
 
1 339
 
2 427
 
39.67
 
2.40
 
13
 
10
 
1.80
 
-1.88
 
OECD 2
124 801
 
144 727
 
4.65
 
1.24
 
27 568
 
28 662
 
1.70
 
0.59
 
60 580
 
71 116
 
6.10
 
0.89
 
BRICS
132 073
 
166 178
 
5.63
 
1.46
 
93 478
 
115 460
 
9.87
 
1.45
 
60 961
 
74 652
 
11.59
 
1.31
 
..
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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