In 2023, the import value of prepared or preserved mushrooms and truffles to China stood at 0.45297 million USD. Over the last two years, this segment recorded a year-on-year variation of -4.04% in 2023 and -3.96% in 2022. The compound annual growth rate (CAGR) over the last five years averaged 2.03%, indicating a decline from its earlier trend in 2020.
From 2013 to 2016, the sector experienced significant fluctuations, reaching a peak in 2016 with growth at 138.23% year-on-year. However, starting in 2017, the trend shifted towards a consistent downward trajectory, with 2023 imports declining to almost one-quarter of the high in 2016.
Future projections forecast a continuous decline, with a forecasted 5-year CAGR at -3.94%, suggesting a total decrease of around 18.22% by 2028. Analysts should watch for:
• Changes in domestic production affecting import needs
• Trade relations and import policies impacting supply chains
• Consumer demand within China and potential shifts to alternative products