The import of cereals to China is expected to rise steadily from 2024 through 2028, continuing the pattern observed in previous years. In 2023, China's cereal import value was recorded at a level preceding these forecasts, illustrating a gradual increase.
Year-on-year, the projections demonstrate incremental growth, approximately 3% between each forecasted year. Looking at the broader picture, the cumulative average growth rate (CAGR) over the five-year forecast cycle suggests a sustained annual increase of around 3.3% in cereal imports by value.
Future trends to watch for include potential impacts of China’s agricultural policy changes, global cereal price fluctuations, and the influence of trade agreements or economic shifts that may alter cereal demand and import strategies in China.
