Forecast: Soybean Export in China

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.

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