The forecast for wheat non-food uses in China indicates a steady increase over the next five years, with expected growth from 2.68 million metric tons in 2024 to 2.81 million metric tons by 2028. Compared to a standing point in 2023 of 2.65 million metric tons, this represents a modest upward trend. Year-on-year variation shows gradual growth, with an average annual growth rate (CAGR) of 1.05% from 2024 to 2028.
Future trends to watch for:
- Potential shifts in biofuel policy that could impact wheat demand.
- Advancements in alternative non-food uses of wheat, such as bioplastics and biodegradable materials.
- Fluctuations in wheat supply driven by climate change and its impact on agricultural productivity.