The import volume of durum wheat to China is forecasted to increase from 2.33 billion kilograms in 2024 to 2.59 billion kilograms in 2028. In comparison, actual imports stood below this forecasted growth in 2023. The year-on-year growth rate is consistent, with an average increase of approximately 2.6% annually. Over the five-year period, the compound annual growth rate (CAGR) suggests a steady upward trend in imports.
Future trends to watch for include:
- Impact of climate change on domestic wheat production potentially driving higher import demand.
- China’s evolving dietary preferences possibly increasing durum wheat consumption in the food processing sector.
- Global market and geopolitical dynamics that could affect supply chains and pricing.
