In 2023, China's exports of live trees, plants, bulbs, roots, cut flowers, and ornamental foliage stood at 537.00 million USD. The forecasted figures for 2024 to 2028 show a steady increase, with values reaching 559.58 million USD in 2024 and climbing to 650.77 million USD by 2028.
The year-on-year growth rates indicate an average increase of around 4.3% annually. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 4.02%, illustrating a consistent upward trend in the sector.
Future trends to watch for:
- Increasing global demand for ornamental plants and flowers driven by urbanization and lifestyle changes.
- Innovations in sustainable horticultural practices could impact export dynamics.
- Trade policies and agreements influencing international market access and competitiveness.