In 2023, China's gross production of squash, gourds, and pumpkins was estimated at about 2.159 billion US dollars PPP. Moving forward, the projected figures suggest a steady annual growth. Between 2024 and 2028, there's a consistent year-on-year increase, averaging approximately 0.54% annually. The compound annual growth rate (CAGR) over this five-year forecast period is around 0.54%, indicating a moderate but stable growth trajectory.
Future trends to watch include:
- Potential impacts of policy changes in agriculture and trade.
- Technological advancements in farming practices could enhance productivity and quality.
- Shifts in consumer preferences towards organic and sustainable produce could impact market dynamics.
- Environmental factors such as climate change could influence production yields.