# China: Evolving Demand in the World’s Largest Agricultural Import Market

> A USDA Foreign Agricultural Service report says China became the world's largest agricultural importer in 2019, with imports of $133.1 billion. Its import mix is shifting from bulk commodities toward higher-value consumer products.

- Date: 2020-10-01 · published 2020-10-01T12:00:00.000Z
- Category: report · region China · magnitude low
- Page: https://feedsoft.ai/events/50983-china-evolving-demand-in-the-world-s-largest-agricultural-import-market
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Structural growth in Chinese imports of meat, dairy and processed foods supports long-run demand for feed ingredients. The report describes the trend rather than a new shock, so near-term price impact is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SOY | 2024-07-11 | [China displaced as agricultural market driver \| The Western Producer](https://feedsoft.ai/events/29209-china-displaced-as-agricultural-market-driver-the-western-producer.md) | -3.9% | -10.6% |
| SOY | 2024-02-26 | [China to maintain lead in agricultural imports for next decade – USDA](https://feedsoft.ai/events/14773-china-to-maintain-lead-in-agricultural-imports-for-next-decade-usda.md) | +0.9% | +5.3% |
| SOY | 2021-01-12 | [New WASDE: World Agricultural Supply & Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/49094-new-wasde-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo.md) | +0.8% | +2.0% |
| SOY | 2019-10-10 | [AgroPages-Bad to worse: USDA projects lower Argentina’s soybean exports due to a weak Chinese demand-Agricultural news](https://feedsoft.ai/events/56412-agropages-bad-to-worse-usda-projects-lower-argentina-s-soybean-exports-due-to-a.md) | +0.5% | -0.9% |
| SOY | 2023-01-13 | [January 2023 World Agricultural Supply and Demand Estimates Update](https://feedsoft.ai/events/37732-january-2023-world-agricultural-supply-and-demand-estimates-update.md) | -1.5% | +0.8% |
| CORN | 2021-07-12 | [July World Agricultural Supply and Demand Estimates \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/46020-july-world-agricultural-supply-and-demand-estimates-the-mighty-790-kfgo-kfgo.md) | -6.7% | -7.2% |
| CORN | 2023-03-09 | [World Agricultural Supply and Demand Estimates - The Roosevelt Review](https://feedsoft.ai/events/12652-world-agricultural-supply-and-demand-estimates-the-roosevelt-review.md) | -1.0% | -0.0% |
| CORN | 2022-01-12 | [USDA World Agricultural Supply and Demand Estimates January Report \| The Mighty 790 KFGO \| KFGO](https://feedsoft.ai/events/43265-usda-world-agricultural-supply-and-demand-estimates-january-report-the-mighty.md) | -2.6% | +3.6% |

## Sources

- fas.usda.gov: https://www.fas.usda.gov/data/china-evolving-demand-world-s-largest-agricultural-import-market

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.