In 2023, China's import of fresh or chilled onions and shallots stood at 1.83 million USD. Projected forecasts from 2024 to 2028 show a consistent upward trend, with values increasing from 1.90 million USD to 2.20 million USD. This reflects a steady year-on-year growth, ranging between 3.9% and 3.3%. The compound annual growth rate (CAGR) for this period is approximately 3.88%, indicating a moderate and stable increase in import value over the five years.
Future trends to watch for include:
- Changes in domestic production affects import dependency.
- Government policies on import tariffs could impact future volumes.
- Shifts in consumer preferences towards local produce might influence import dynamics.
- Global supply chain disruptions could alter import patterns.