In 2023, the import value of cuttings and slips not rooted to China stood at a historical value as the base for growth projections. The forecast data from 2024 to 2028 indicate a consistent upward trend, with imports growing from 106.41 million to 126.83 million. Year-on-year analysis reveals steady growth: 2025 sees a 4.95% increase, 2026 a 4.62% rise, 2027 a 4.33% climb, and 2028 a 4.07% uplift. The compound annual growth rate (CAGR) over this period is approximately 4.49%, reflecting solid demand expansion.
Future trends to watch for:
- Emerging technologies in plant propagation that could affect import reliance.
- Trade policy shifts that might impact cost structures and supply chains.
- Environmental regulations influencing sourcing and sustainability practices.
- Economic factors in major importing regions that affect purchasing power and demand.