The import of milling products, malt, starches, inulin, and wheat gluten to China is projected to increase steadily from 2024 to 2028, with forecasted values rising from approximately $1.4639 billion in 2024 to $1.6809 billion in 2028. This indicates a gradual year-on-year growth trend, with modest increases reflecting a positive outlook for the sector. Over this period, the compound annual growth rate (CAGR) suggests consistent expansion, underpinned by ongoing demand in the market.
For industry stakeholders and analysts, several future trends warrant attention:
- Increasing domestic consumption driven by population growth and rising incomes.
- Potential trade policies and tariffs affecting import volumes and prices.
- Technological advancements in local agriculture affecting imports needs.
