In 2023, the actual import volume of capsicum to China stood at 86.5 million kilograms. From 2024, the forecast reveals a steady increase with a year-on-year growth of approximately 5.5% in 2025, 5.1% in 2026, 4.8% in 2027, and 4.5% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is projected at 5%.
Future trends to watch for include:
- Potential shifts in consumer demand driven by dietary trends.
- Changes in global trade policies affecting import tariffs.
- Evolving agricultural practices and supply chain efficiencies.
- Environmental factors impacting global production output and availability.
