The import of cereal groats, meal, and pellets to China has shown a generally increasing trend from 2013 to 2023, with some notable fluctuations. The value of imports surged notably in 2015, 2017, and 2018. By 2023, the import value stood at 2078.7 thousand US dollars, marking a 5.3% year-on-year increase. Over the last two years, the year-on-year variations have been moderate, with a 5.72% increase in 2022 and a 5.3% increase in 2023. The average compound annual growth rate (CAGR) over the last five years (2018-2023) is 1.21%.
Looking ahead, forecast data suggest a steady rise in import values, with a projected CAGR of 3.37% from 2024 to 2028 and an overall forecasted growth rate of 18.01% by 2028.
-Future trends to watch for include potential impacts of geopolitical shifts, changes in trade policies, and evolving dietary trends in China which could influence import levels.
