The cassava market volume in China saw a fluctuating trend from 2014 to 2023, starting at 2.67 million metric tons in 2014 and reaching 2.87 million metric tons in 2023, reflecting a compound annual growth rate (CAGR) of 0.23%. The year-on-year variation in 2023 was 0.39%. Notable fluctuations include a strong growth of 3.2% in 2018 and a significant decline of 4.6% in 2020. Forecasts predict a slight upward trend, with the market size expected to reach 2.93 million metric tons by 2028, showing a forecasted five-year CAGR of 0.32% and an overall growth rate of 1.62% from 2023 to 2028.
Future trends to watch for include advancements in agricultural technology, policy changes impacting import and export, and shifts in domestic demand due to changes in dietary patterns and industrial usage. Addressing challenges related to climate change and sustainable farming practices will also be critical to sustaining growth in the cassava market.
