In 2023, the actual soybean export volume in China stood at approximately 97.0 thousand metric tons. The forecast for 2024 to 2028 indicates a downward trend, with a year-on-year decrease of about 5.4% on average for each year based on these forecasts. Over the five-year period, the compound annual growth rate (CAGR) shows a projected decline of around 5.8% per year. This suggests a growing shift in China's agricultural export dynamics.
Future trends to watch for include:
- Potential market diversification affecting China's agricultural exports.
- Changes in domestic policies or global trade agreements that could impact export volumes.
- Impact of technological advancements on production efficiency and export competitiveness.
- Shifts in global demand and supply chain dynamics, particularly in major soybean-importing countries.