In 2024, the import of Capsicum to China is projected at $123.23 million, increasing steadily to $149.33 million by 2028. The forecasted annual growth rate begins at approximately 5.46% from 2024 to 2025 and progresses to an average annual growth, or CAGR, of about 4.89% over the five-year period. This indicates a consistent rising trend in import value.
The increasing trend suggests a growing demand for Capsicum in China, likely driven by changing consumer preferences and increased utilization in the food industry. Future trends to watch include fluctuations in global supply, potential impacts from agricultural policies, and shifts in domestic production capabilities.
