The forecast for China's soybean imports indicates a steady increase from 2024 to 2028, rising from $60.74 billion to $70.11 billion. This reflects consistent year-over-year growth: 3.94% in 2025, 3.72% in 2026, and stabilizing near 3.58% by 2028. This increase from the actual 2023 figure suggests resilience and growing demand for soybeans, likely driven by China's need for animal feed and edible oil production. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is around 3.71%.
Future trends to watch for include potential geopolitical impacts on trade, climate change affecting supply, and economic conditions influencing demand. Additionally, shifts towards sustainable and alternative plant-based proteins could alter long-term consumption patterns.
