The turnover of the retail grain and oil markets in China displayed significant fluctuations over the past decade. After peaking in 2016 at 66.84 billion Yuan Renminbi, it plummeted dramatically by 2018 to 22.41 billion. Recovery ensued, with 2023 reaching 32.75 billion, reflecting a YoY growth of 11.12%. Over the last five years, despite variability, the CAGR from 2019-2023 settled at a modest positive growth rate of 7.88%.
Moving forward, the forecast suggests a trend towards stabilization with modest growth. The forecasted CAGR over the next five years is expected to hover around 0.44%, culminating in a projected turnover of 33.8 billion Yuan in 2028, marking an overall growth rate of 2.23%. Vigilance on external factors influencing commodity prices will be crucial in shaping market conditions.
