Evaluating the market positions of soybean oil-producing countries in the world market

Abstract

Abstract Soybeans have an essential position as the main legume crop in the world food system. This research focuses on four high-producer countries of soybean, i.e., India, the Netherlands, Brazil, and the USA. The subject of soybeans as a vegetable oil includes soybean seeds, soybean oil, soybean oil cake, and refined soybeans. This research aims to identify opportunities for the industrial development of soybeans and their derivatives from socio-economic aspects in the world. The analytical method used in this soybean research is the BCG matrix. The data collection used is secondary data from several countries that export soybeans from 2020 to 2021, as well as a literature review of several kinds of literature. Soybean exporters in 2021 are in first place, namely Brazil (USD 39 billion), the United States (USD 27.8 billion) is in second place, Paraguay (USD 2.99 billion) is in third place, The Netherlands (USD 462 million) is in 7th place, and India (USD 22.9 million) is in 33rd place. The analysis results from soybean research show that Argentina took the cash cow position in the BCG matrix and has excellent potential for development in the soybean industry and its derivative products to meet market trends worldwide.