The import of dried shelled lentils to China is projected to increase steadily from $9.76 million in 2024 to $11.82 million by 2028. With no actual value available for 2023, the baseline for these forecasts starts in 2024. The year-on-year growth rate averages about 5.1% from 2024 to 2028, signifying a consistent upward trend in demand. The compound annual growth rate (CAGR) over these five years stands at approximately 4.9%, highlighting an increasing appetite for lentils in the Chinese market.
Future trends to watch include:
- Potential changes in Chinese consumer preferences towards more plant-based diets.
- Fluctuations in global lentil production affecting the import supply chain.
- Trade policies and tariffs that could influence import costs and demand.
- The impact of health and wellness trends on consumption rates.
