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With The Advancement of Production and Increase in Biodiesel Blending, The Soybean Chain Already Accounts for 6.4% of GDP and 2.4 Million Jobs
The soybean and biodiesel production chain is experiencing a strong growth moment in Brazil. According to a study by Cepea in partnership with Abiove, the sector’s economic activity is expected to grow almost 11% in 2025. This represents 6.4% of the national Gross Domestic Product (GDP) and 21.7% of the GDP of the Brazilian agribusiness.
Record Harvest and Biodiesel Blending Boost Sector
The advancement is linked to two main factors: the record soybean harvest, estimated at 169.7 million tons by Abiove, and the increase in the processing of the oilseed.
The mandatory biodiesel blending increase from 14% to 15% in August will also help to boost the sector.
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Additionally, the demand for soybean oil remains strong, keeping industrial activity heated. The study bases its projections on the results from the first quarter of this year, with all segments of the chain showing growth.
Field Production Leads Growth
Field production is the highlight. The soybean production segment is expected to register a 24.11% increase in economic activity.
Following that are agri-services, with an 8.24% growth, agroindustry, with 3.21%, and inputs, with 3.17%.
Even with the drop in soybean prices compared to the end of 2024, the value is still above the levels at the beginning of last year.
As a result, the income of the chain is expected to increase by 18.24% in a year, after three consecutive years of decline.
Another relevant piece of data is the difference in the value generated per ton of soybeans. According to the survey, the GDP per ton processed in agroindustry is R$ 9,430.
This value is 4.36 times higher than the GDP per ton exported directly, which is R$ 2,160.
Sector Generates More Jobs in Almost All Segments
In the labor market, the sector also shows strength. The total number of people employed in the production chain rose by 7.46% compared to the same period in 2024, reaching 2.44 million workers.
By segments, the largest job growth was recorded in agri-services, with 142,548 new positions, and in soybean production, with 23,031.
The input segment saw an increase of 5,971 vacancies. The only decline was in the agroindustry, with a reduction of 2,211 jobs, driven by a retraction in the crushing and refining sub-segment.
Exports Grow in Volume, but Value Declines
Exports also showed growth in volume. In the first quarter of 2025, 27.91 million tons were shipped, an increase of 1.15% compared to the same period last year.
However, the total value fell by 11.46%, amounting to US$ 11 billion, due to the drop in international prices caused by the expectation of a high global harvest.
China remains the main destination for Brazil’s soybean exports. The volume sent to the country increased by 6.7% in the first quarter of 2025.
For soybean meal, the European Union and Southeast Asia were the main markets. In the case of soybean oil, India leads, receiving 67.74% of Brazilian exports during the period.
With information from Gazeta do Povo.
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