In 2023, China’s import volume of beans stood at an estimated level. The forecast from 2024 to 2028 shows a steady upward trend in import volumes. From 2024 to 2025, the volume is expected to increase by approximately 3.15%. The following year sees a rise of around 3%, continuing this growth pattern with increases of 2.84% to 2.71% annually through to 2028. This results in a five-year compound annual growth rate (CAGR) of about 3%, reflecting a consistent expansion in demand for bean imports in China.

Future trends to watch for include:

Potential changes in domestic agricultural policies that could impact import volumes.
Fluctuations in global bean market prices, affecting import affordability and volume.
Shifts in dietary preferences and health trends influencing bean consumption rates in China.
Impacts of trade agreements and geopolitical changes on agricultural imports.