In 2023, China's millet production stood at 2.71 million metric tons. From 2024 to 2028, forecasts indicate a steady growth, with a minor year-on-year increase in production, reaching 2.77 million metric tons by 2028. This represents a consistent but slow upward trend over the five years, with a compound annual growth rate (CAGR) remaining modest. The predictability in growth suggests a stable and mature millet market in China.
Future trends to watch for include:
- Potential technological advancements in agriculture that could boost productivity.
- Shifts in domestic demand due to changes in consumer preferences or dietary trends.
- Impact of climate change on agricultural output and any adaptive measures.
- Government policy changes related to grain production and subsidies.