The European Union imports about 14 million tons of soybeans per year as a source of quality protein to feed its animals, including chicken, pigs, and cattle, as well as for milk production.
In 2019, the EU’s imports of U.S. soybeans increased by 112%, compared to the same period the previous year (July-December 2018). With a market share of 75% of EU soybeans imports, the U.S. remains Europe’s number one supplier.
In 2020, U.S. Soy continued to be a very attractive feed option for European importers. Soybean imports into the European Union and the United Kingdom in the 2020/21 season that started on July 1 totaled 3.02 million tons by September 13, according to official EU data released on March 1. According to the numbers, that was 3% above the volume imported in the previous 2019/20 season.
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