In 2023, China's soybean production was recorded at 25 million metric tons. From 2024 to 2028, soybean production is forecasted to increase steadily from 26.5 million to 33.06 million metric tons, indicating a strong upward trend. This forecast shows a significant year-on-year growth, with an average annual increase of approximately 5% based on the Compound Annual Growth Rate (CAGR) over the five-year forecast period.
Future trends to watch for:
- Potential impacts of climate change on crop yields.
- Government policies affecting agricultural innovation and land use.
- Demand shifts due to changes in dietary preferences and international trade dynamics.