The soybean supply in China is projected to grow steadily from 2024 to 2028. The forecast values indicate that the supply will increase from 158.57 Million Metric Tons in 2024 to 177.31 Million Metric Tons in 2028.
Analyzing the year-on-year variation, it is observed that the supply is expected to grow consistently at an average annual growth rate (CAGR) of approximately 2.8% over the five-year period. From the actual soybean supply in 2023, which stood at 153.96 Million Metric Tons, the increase in 2024 represents a 3% year-on-year growth. Subsequent years maintain a stable growth trajectory, with annual increases of around 3% as well.
Future trends to watch for include potential impacts of climate change on soybean production, shifts in domestic and international demand, advancements in agricultural technology, and policy changes affecting agricultural imports and exports. Monitoring these factors will be crucial to understanding the evolving dynamics of soybean supply in China.
