In 2023, the import value of grated or powdered cheese to China was valued at $172 million US dollars. The forecasted data from 2024 to 2028 shows a consistent annual increase in import values, with the value reaching $210.76 million by 2028. The year-on-year growth rate is projected to hover around 4-5%, reflecting a steady growth trend. The compound annual growth rate (CAGR) over the next five years is expected to be approximately 4.12%.
Future trends to watch for:
- Growing demand for Western food products, influencing cheese imports.
- Shift in consumer preferences towards more diverse cheese options.
- Potential trade policy changes affecting import costs and volumes.
- Enhancement in supply chain efficiency to meet increasing demand.
