By 2023, China's wheat feed and residual stood at an actual value of 36.4 million metric tons. The forecasted data for the forthcoming years depict a steady upward trajectory. Between 2024 and 2028, forecasts indicate an incremental increase each year: 37.3, 38.19, 39.06, 39.93, to 40.79 million metric tons. This reflects year-on-year percentage increases of approximately 2.4%, underscoring a consistent growth pattern. Over the same period, a Compound Annual Growth Rate (CAGR) of around 2.3% is anticipated.
Future trends to monitor include evolving Chinese agricultural policies, potential shifts in global wheat prices, and technological advancements in livestock feed efficiency, which could impact demand dynamics and influence variation in forecasted trends.
