The forecast for China's import of soya beans shows consistent growth, with values projected from 112.82 billion kilograms in 2024 to 127.13 billion kilograms in 2028. Compared to the 2023 actual levels, this represents a significant increase, indicating robust demand. Year-on-year, imports are expected to rise steadily, reflecting a growth trajectory with a Compound Annual Growth Rate (CAGR) over the five-year period.
Future trends to watch include:
- Potential changes in China's domestic agricultural policies affecting import needs.
- Fluctuations in global soya bean prices and trade tariffs impacting global market dynamics.
- Shift towards sustainable and genetically modified cultivation practices globally.
