The soybean consumption forecast at the farm gate in China indicates a steady upward trend from 2024 to 2028. Starting at 114.75 million metric tons in 2024, consumption is expected to rise to 125.05 million metric tons by 2028. This reflects a compound annual growth rate (CAGR) that highlights a consistent increase in demand.
For context, actual data from 2023 is crucial, serving as a baseline to evaluate the subsequent growth in consumption. Year-on-year variations depict a moderate growth percentage, showcasing China's expanding need for soybeans.
Future trends to watch for include China's policy changes in agriculture, domestic production incentives, and global trade dynamics, which could affect import volumes and overall consumption patterns.
