The cassava demand in China has experienced varying fluctuations over the past decade. Notably, from 2014 to 2018, there were significant year-on-year variations, with peaks in demand in 2015 and 2017, followed by a remarkable drop in 2018. From 2018 to 2023, the demand has generally shown a declining trend, stabilizing somewhat closer to 30 million metric tons as per the 2023 data. Year-on-year analysis reveals a mix of minor growth and declines, indicating an overall downward trend. Looking forward, the forecasted data for 2024 to 2028 suggests a continued decline in demand with a forecasted 5-year CAGR of -2.05% and an estimated overall decline of 9.82% by 2028.
Future trends to watch for include any shifts in industrial usage, agricultural policy changes in China, and potential impacts of technological innovations or shifts in dietary preferences impacting cassava consumption. Monitoring trade policies, import statistics, and sustainable agricultural practices will also be essential to understand market dynamics better.
