In 2023, China's corn import stood at approximately 22.3 Million Metric Tons. The forecast shows a steady increase in corn imports, growing annually from 22.94 Million Metric Tons in 2024 to 25.56 Million Metric Tons by 2028. The year-on-year percentage increases indicate a consistent growth pattern, with a moderate rise. Over the five-year period, the Compound Annual Growth Rate (CAGR) reflects a stable increase in demand.
Future trends to monitor include:
- China's domestic corn production capabilities and agricultural policies.
- International trade relations, particularly with the U.S., a major corn supplier.
- Evolving demand in China’s meat and ethanol industries that could affect corn usage.
- Global climate conditions impacting corn supply chain stability and pricing.
