Forecast: Soybean Domestic Consumption in China

The soybean domestic consumption in China reached an actual value of 120 million metric tons in 2023. Forecasted data indicates a steady increase from 123.26 million metric tons in 2024 to 135.78 million metric tons by 2028. Year-on-year growth from 2024 to 2025 is approximately 2.58%, and from 2025 to 2026, the growth rate is about 2.48%. The compound annual growth rate (CAGR) from 2023 to 2028 is estimated to be 3.04%.

Future trends to watch for include:

  • Potential policy changes affecting agricultural imports and domestic production.
  • The impact of global soybean supply chain fluctuations and trade agreements.
  • China's increasing demand for plant-based products.

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