In 2023, China's import of roses was valued lower than the forecasted $389.48 thousand for 2024. The forecast indicates a steady growth in rose imports, with an average increase of about 15.27 thousand US dollars annually. The year-on-year growth rates from 2024 to 2028 show an increasing trend of approximately 3.9% each year. This steady increase translates to a five-year compound annual growth rate (CAGR) that remains consistent within similar lines, highlighting a stable demand growth over the forecast period.
Future trends to watch include:
- The impact of potential economic policies on import tariffs and trade agreements.
- Changes in consumer preferences and spending power in China, influencing import volumes.
- Fluctuations in global rose production affecting supply chain and price dynamics.