China's domestic consumption of milled rice is forecast to increase steadily from 153.32 million metric tons in 2024 to 157.99 million metric tons in 2028. In 2023, consumption stood at 152.15 million metric tons. The year-on-year percentage variation shows a consistent growth, reflecting China's continuous demand for rice due to population growth and urbanization.
Over the past two years, the annual growth rate has been around 0.77%. The compound annual growth rate (CAGR) over the past five years is approximately 0.94%, indicating modest but steady growth.
Future trends to watch for include potential changes in dietary habits, the impacts of technological advancements in agriculture, rice yield improvements, and possible shifts in import-export policies that may affect domestic supply and demand dynamics.
