In 2023, China's soybean exports stood at 65.74 million US dollars. The forecast from 2024 to 2028 predicts a significant downward trend, with the export value decreasing annually. The year-on-year percentage declines are 11.16% from 2024 to 2025, 12.37% from 2025 to 2026, 13.81% from 2026 to 2027, and 15.71% from 2027 to 2028. Over the entire forecast period, the compound annual growth rate (CAGR) is a negative 15.37%, indicating a consistent decline in soybean exports over five years.
Future trends to watch for include potential changes in global trade policies, China's domestic agricultural policies that may affect supply and demand, and external factors such as climate change impacts on soybean production and disruptions in global supply chains.
