In 2023, China's millet export volume stood at 3.2 thousand metric tons. The forecasted data from 2024 to 2028 indicates a steady decline: 3.0 in 2024, 2.8 in 2025, 2.5 in 2026, 2.3 in 2027, and 2.1 in 2028. Year-on-year percentages illustrate a negative trend, with the volume decreasing annually.
Over the last two years, we observe an average annual contraction in millet export volume. The compound annual growth rate (CAGR) over this five-year forecast period reflects a continuous downward trajectory.
Future trends to watch:
- Global demand shifts toward alternative grains.
- Domestic consumption policies in China.
- Climate and agricultural productivity impacting millet yields.
- International trade deals and regulations influencing export capabilities.
