In 2023, the volume of grain handled in main coastal ports in China stood at 25.63 ten million metric tons. Forecasts suggest a steady increase in the volume, with figures reaching 30.46 ten million metric tons by 2028. This represents a year-on-year growth ranging between 3.7% to 3.3% over the forecast period. The Compound Annual Growth Rate (CAGR) over the five-year period from 2024 to 2028 is anticipated to be approximately 3.5%.
Future trends to watch for include:
- Global supply chain adjustments and their impact on grain imports.
- Infrastructure developments in port facilities enhancing throughput capacity.
- Trade policies and geopolitical factors affecting grain trade dynamics.
- Climate changes influencing domestic grain production and import needs.
