As of 2023, the wheat market size volume in China stands at 94.91 million metric tons. The forecast from 2024 to 2028 presents a steady year-on-year growth with wheat volumes expected to increase from 95.16 million metric tons in 2024 to 96.21 million metric tons by 2028. Specifically, we see a year-on-year growth of approximately 0.28% from 2024 to 2025, 0.28% from 2025 to 2026, 0.26% from 2026 to 2027, and 0.27% from 2027 to 2028. Over the last five years, this results in a Compound Annual Growth Rate (CAGR) of around 0.27%.
Future trends to watch for will include technological advancements in agriculture, potential policy changes affecting the agriculture sector, climate change impacts, and shifts in domestic demand due to population or dietary changes.
