In 2023, the wheat consumption in China stood at 116.07 million metric tons. The forecasted data shows a steady annual increase: 117.71 million metric tons in 2024, 119.39 in 2025, 121.05 in 2026, 122.7 in 2027, and 124.34 in 2028. Over the last two years, the year-on-year variation shows an annual growth rate of approximately 1.4% to 1.6%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period reflects an average annual increase of around 1.6%.
Future trends to watch for include potential shifts in domestic agricultural policy, advancements in agricultural technology, and changes in dietary preferences which could influence wheat consumption patterns. Additionally, global trade dynamics and climate change impacts are crucial factors that could affect the forecasted trends.
