The soybeans production in China for 2023 stood at full capacity. As projected data for 2024 to 2028 indicate an incremental increase from 14.8 million metric tons in 2024 to 15.42 million metric tons in 2028. The year-on-year variation shows a steady growth: 2024 to 2025 at 1.08%, 2025 to 2026 at 1.07%, 2026 to 2027 at 0.99%, and 2027 to 2028 at 0.98%. The compounded annual growth rate (CAGR) over these five years is projected to be 1.03%.
Future trends to watch for:
- Technological advancements in agriculture.
- Policy changes impacting agricultural investments.
- Global soybean market demands affecting local production.
- Environmental factors such as climate change.
