In 2023, maize production at farm gate in China stood at 69.66 Billion US Dollars. In recent years, the industry has seen moderate fluctuations. Between 2013 and 2015, there were significant declines reaching a low in 2016. However, post-2016 the trend showed a mild but steady recovery. Notably, there was a compounded volatility from year to year before stabilizing from 2018 onwards, with minimal percentage changes yearly.
Analyzing the forecast from 2024 to 2028, the projected Compound Annual Growth Rate (CAGR) stands at 0.53%, indicating a slow but steady growth trajectory for maize production.
Future trends to watch for include:
- Technological advancements in agriculture and their impact on yield.
- Government policies supporting maize production and trade.
- Climate change effects and their potential to disrupt production cycles.
- Fluctuations in global demand and prices impacting the export market.
