The import of starch wheat to China is projected to slightly decrease from 2024 to 2028. The forecast shows a gradual decline, with values moving from 1.0492 million kilograms in 2024 to 1.0023 million kilograms in 2028. In 2023, the volume of import stood at 1.0615 million kilograms. Year-on-year analysis indicates a consistent decrease, with a compound annual growth rate (CAGR) pointing towards a subtle downward trajectory over the next five years.
Future trends to watch for include:
- Potential impacts of China's domestic agricultural policies aiming for increased self-sufficiency in starch production.
- Global factors affecting wheat production, such as climate change and international trade relations, which could alter import needs and forecasts.
- Evolving demand for starch wheat in various Chinese industries, such as food and pharmaceuticals, which might alter import volumes.
