In 2023, China's soybean import volume was estimated to be around 100 million metric tons. The forecast for 2024 projects an import volume of 100.94 million metric tons, increasing steadily by year-on-year rates of approximately 1.42% through 2025, 1.38% through 2026, 1.32% through 2027, and 1.29% through 2028. This growth reflects a Compound Annual Growth Rate (CAGR) of around 1.35% over the five-year period from 2023 to 2028.
Future trends to watch for include potential policy changes affecting trade, domestic soybean production increases, evolving dietary patterns, and demand shifts driven by the animal feed industry in China.
