In 2023, China imported [insert 2023 data here] million kilograms of meals, pellet, and flour of meat for animal feed. The forecast indicates a consistent increase from 2024 to 2028, with values rising from 434.83 million kilograms in 2024 to 502.68 million kilograms in 2028. Year-on-year variation shows a steady growth rate: a 4.02% increase from 2024 to 2025, 3.78% from 2025 to 2026, 3.58% from 2026 to 2027, and 3.38% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 3.43%.
Future trends to watch for include:
- China's evolving demand for animal protein and resultant feed requirements.
- Potential shifts in trade policies or international relations affecting import volumes.
- Technological advancements in animal feed alternatives or substitutes within China.
- Environmental impacts and regulations that may influence import sustainability.