In 2023, China's soybean production stood at 16.462 million metric tons. According to the forecast, production is expected to reach 16.642 million metric tons in 2024, reflecting a 1.09% year-on-year increase. For 2025, the forecast indicates a production value of 16.829 million metric tons, a 1.12% rise from 2024. By 2026, production is projected to grow to 17.013 million metric tons, up 1.09% from the previous year. The trend continues with a forecasted 17.192 million metric tons in 2027 (a 1.05% increase) and reaching 17.368 million metric tons in 2028 (up 1.02%). The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is 1.07%.
Future trends to watch for:
- Technological advancements in agricultural practices.
- Policy changes affecting agricultural subsidy or export regulations.
- Climate change impacts on crop yield and production stability.
- Market dynamics, including domestic demand and international trade policies.
