The milled rice supply in China saw actual figures in 2023, but from 2024 onwards, the data is forecasted. Observing the trends from 2024 to 2028, the supply is projected to decrease consistently each year. In 2024, the supply is forecasted at 253.68 million metric tons, dropping to 234.48 million metric tons by 2028. This represents a year-on-year decline, indicating a trend away from large-scale production.
Notably, the year-on-year percentage reduction from 2024 to 2025 is approximately 1.93%, from 2025 to 2026 is around 2.02%, from 2026 to 2027 is about 1.95%, and from 2027 to 2028 is roughly 1.98%. The compound annual growth rate (CAGR) over the five years (2024-2028) is projected to be around -1.93%, highlighting a sustained decrease in supply.
Future trends to watch for include the impacts of climate change on rice production, advancements in agricultural technology, and shifts in domestic and global demand. Monitoring these factors will provide insights into whether the downward trend will persist or reverse.
