In 2023, China's wheat production stood at approximately 137.1 million metric tons. The forecasts from 2024 to 2028 show a steady increase, reaching 143.1 million metric tons by 2028. This represents an average year-on-year growth of just under 1% from 2024 onward and a compound annual growth rate (CAGR) of around 0.84% over the five-year period.
Future trends to watch for:
- Advancements in agricultural technology may further boost yield efficiency.
- Climate change impacts on weather patterns could affect future forecasts.
- Policy changes regarding agriculture and subsidies might influence production levels.
- Global market demands and trade agreements will play a crucial role in determining export levels.