In 2023, China's soybean meal exports stood at an undisclosed baseline. The forecasted period from 2024 to 2028 sees a steadily rising trend in soybean meal exports, increasing incrementally from 938 thousand metric tons in 2024 to 950 thousand metric tons in 2028. This represents a consistent year-on-year growth of approximately 0.32% annually. The compound annual growth rate (CAGR) over this five-year period is indicative of moderate but stable growth in exports.
Future trends to watch include fluctuations in global demand due to changing dietary preferences and economic conditions, as well as potential shifts in Chinese agricultural policies and trade relationships that may impact export volumes.
