The forecasted soybean imports in China show a steady increase from 10.49 million metric tons in 2024 to 11.26 million metric tons in 2028. In comparison to the actual data from 2023, the yearly variations reveal a consistent upward trend. The year-on-year growth rates are projected to be modest yet positive, indicating an increasing demand for soybeans in China. Over the upcoming five-year period, the compound annual growth rate (CAGR) suggests a gradual average increase in imports.
Future trends to watch for include:
- Changes in China's domestic soybean production, which could impact import needs.
- Fluctuations in global trade policies affecting soybean supply chains.
- Shifts in consumption patterns and alternative sources of protein.