In 2023, China's import of cereal bran, sharps, and residues (excluding maize, wheat, and rice) stood at 292.5 million kilograms. Forecasted data for the period from 2024 to 2028 shows a steady increase in imports, beginning at 307.85 million kilograms in 2024 and reaching 367.43 million kilograms by 2028. This represents an annual growth rate, indicating a consistent demand increase over the years.
Year-on-year, imports are expected to grow by approximately 5% annually, reflecting a trend of gradual yet stable increase. Over the five years, the compound annual growth rate (CAGR) is projected to be around 4.7%, illustrating a sustainable enhancement in import volumes.
- By 2025, the import volume is anticipated to increase to 323.2 million kilograms, displaying a positive trend.
- The growth continues each year, culminating in a projected import volume of 367.43 million kilograms by 2028.
Future trends to watch may include changing dietary preferences in China, which could influence cereal residue demands. Additionally, any shifts in agricultural policy or international trade dynamics, including tariffs and import regulations, might impact future import volumes. Monitoring these factors will be crucial for stakeholders involved in the cereal supply chain.
