The import value of soy sauce to China shows a steady upward trend from 2024 to 2028, starting at $24.269 million in 2024 and reaching $25.97 million in 2028. This represents an average annual growth rate (CAGR) of approximately 1.7% over this period. Compared to the level in 2023, the forecast begins with a minor increase, highlighting a stable demand for imported soy sauce.
Year-on-year growth reveals consistent expansion, indicating a modest but positive development in import dependency. With the influences of evolving consumer preferences and potential trade policies, this import trajectory suggests a progressive increase in import value.
Future trends to watch for include:
-Potential shifts in consumer dietary habits towards healthier alternatives.
-Changes in trade dynamics between China and major soy sauce exporting countries.
-Technological advancements in domestic production potentially reducing dependency on imports.