The forecast for dry horse beans gross production in China indicates a gradual decrease from 2024 to 2028, with values decreasing from 570.64 million USD to 568.54 million USD (PPP 2004–2006). This data suggests a steady decline in production value annually. The year-on-year decrease remains consistent, reflecting a small yet consistent reduction in production value each year.
In 2023, the production stood at a similar level as the initial forecast for 2024, indicating stability before the decline commenced. Over these four forecasted years, the Compound Annual Growth Rate (CAGR) reveals a gentle downward trend in production value.
Future trends to watch for include potential impacts of changing agricultural policies, market demand fluctuations, and climatic conditions affecting bean production. Monitoring these factors will be crucial in understanding and adapting to future market conditions for dry horse beans in China.
