Between 2024 and 2028, the import of flour or meal of dried legumes to China is projected to increase steadily from $12.159 million to $14.104 million. The growth is nearly linear, with year-on-year variations indicating consistent demand increases. This steady rise results in a compound annual growth rate (CAGR) of approximately 3.81%. In comparison, the import value for 2023 needs to be provided to calculate the specific variations for the past year and assess trends accurately.
Future trends to watch for include:
- Changes in consumer preferences and dietary shifts towards plant-based proteins.
- Potential trade agreements or tariffs that might affect import costs and volumes.
- Domestic agricultural developments that might impact reliance on imports.