In 2023, China's wheat import volume was 5.93 million metric tons. The forecast for 2024 shows an import volume of 5.97 million metric tons, indicating a slight increase. This upward trend continues through 2028, with import volumes projected to reach 6.12 million metric tons by the end of the forecast period.
Year-on-year variations reveal consistent growth each year from 2024 to 2028, with each annual increase under 1%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is an indication of steady, albeit modest, growth.
Key future trends to watch include the impact of global wheat supply chain dynamics, domestic production levels, and policy changes in China. These factors could influence the demand for wheat imports, steering future growth trends in different directions.
