The forecast for wheat consumption at the farm gate in China from 2024 to 2028 shows a steady increase, starting at 134.18 million metric tons in 2024 and reaching 138.98 million metric tons by 2028. For context, in 2023, the consumption was 133 million metric tons. The year-on-year growth is consistently around 0.9% to 1.0%, indicating a stable consumption pattern. Over a five-year horizon, the compound annual growth rate (CAGR) is approximately 1.1%, reflecting a moderate upward trend.
Key future trends to watch include potential policy changes affecting agricultural productivity, trade dynamics, and changes in domestic demand driven by population growth and dietary shifts towards wheat-based products. These factors could influence consumption levels over the forecast period.
