The forecasted import volume of pulses in China for the years 2024 to 2028 reveals a steady increase, beginning at 107.75 thousand metric tons in 2024 and expected to reach 118.62 thousand metric tons by 2028. Compared to the actual import volume of 105.6 thousand metric tons in 2023, the growth rate indicates a consistent annual increase ranging from approximately 2.6% to 2.8%. The compound annual growth rate (CAGR) over this period is expected to be about 2.4%, emphasizing a stable upward trend in import volume.
Future trends to watch for include:
- Potential fluctuations in global pulse supply chains that could impact import volumes due to geopolitical or climate-related factors.
- Shift in consumer preferences towards sustainable and plant-based diets, increasing the demand for pulses.
- Government policies and trade agreements that might affect import tariffs or regulations.