In 2023, China's imports of meat and edible meat offal stood at $42.17 billion. The forecasted data indicates a steady year-on-year growth in imports, starting from $44.32 billion in 2024 to $60.7 billion in 2028. This represents an annual Compound Annual Growth Rate (CAGR) of approximately 7.9% over the five-year period from 2024 to 2028.
Future trends to watch for include:
- Changes in domestic production capabilities which may impact import dependency.
- Potential alterations in consumer preferences driven by health trends or dietary shifts.
- Trade policies and tariffs that could influence import volumes and costs.
- The impact of climate change on both local and international meat production.