In 2023, China's imports of cereals and cereals flour were valued at 30.75 billion USD. The forecasted data for 2024 to 2028 indicates a consistent upward trend, with the value increasing from 34.28 billion USD in 2024 to 52.58 billion USD in 2028. This represents a year-on-year growth rate of approximately 13.5% for 2025, 11.8% for 2026, 10.2% for 2027, and 9.4% for 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is projected to be around 11.18%.
Future trends to watch for:
- Increasing domestic demand driving further imports.
- Potential policy changes affecting international trade.
- Technological advancements in agriculture influencing import needs.
- Market fluctuations in global cereal prices.
- Climate change impacts on domestic cereal production.