From 2013 to 2023, the turnover of wholesale of farm produce comprehensive markets in China has shown significant growth. The turnover increased from 6.21 hundred billion Yuan Renminbi in 2013 to 13.93 in 2023. Notable variations include a robust increase of 18.42% in 2018 and a slight dip of 3.82% in 2017. The Compound Annual Growth Rate (CAGR) over the last 5 years stood at 5.96%, indicating a steady growth trend.
Looking ahead to the forecasted period from 2024 to 2028, the turnover is expected to continue to grow, reaching 17.45 hundred billion Yuan Renminbi by 2028. The forecast 5-year CAGR is projected to be 3.57%, with overall growth of 19.18% during this period, suggesting a moderate yet consistent expansion.
Future trends to watch for include:
- Increased demand for organic and specialty farm produce.
- Technological advancements in agricultural supply chains.
- Policy changes impacting agricultural trade and logistics.
- Economic factors affecting consumer purchasing power and market dynamics.
