In 2023, China's soybean export volume stood at 165.0 thousand metric tons. Forecasts indicate a declining trend: 2024 to 2028 marks a decrease from 160.0 to 139.0 thousand metric tons. Year-on-year variations show a consistent decrease, with a Compounded Annual Growth Rate (CAGR) suggesting a steady fall over this period. The decline reflects possible factors such as shifting global trade policies, domestic production changes, or altered demand dynamics.
Future trends to watch for include:
- Developments in international trade agreements affecting soybean exports.
- Technological advances influencing agricultural yields.
- Changes in global demand due to dietary trends or substitutive crops.
