In 2023, the turnover of Wholesale of Grain and Oil markets in China stood at 2.22 Hundred Billion Yuans Renminbi. Based on the forecast data for 2024 to 2028, we observe a consistent upward trend in turnover, starting at 2.29 in 2024 and reaching 2.56 by 2028. The year-on-year growth from 2023 to 2024 is approximately 3.2%, and this growth trend continues with slight increments each year until 2028.
Key variations over the last two years show moderate annual increases, reflecting a steady expansion of the market. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is around 2.9%, indicating a sustained growth trajectory over this period.
Future trends to watch for include potential fluctuations in agricultural yield influenced by climate change, changes in domestic and international trade policies, and technological advancements in agriculture and logistics that could further optimize the supply chain and impact market turnover.