The Maize Consumption at Farm Gate in China has experienced significant fluctuations over the past decade, with a notable increase since 2016. The value stood at 307.2 million metric tons in 2023, indicating a steady upward trend. Year-on-year variations over the last two years showed increments of 2.89% in 2022 and 2.78% in 2023. The last five years’ CAGR averaged at 2.39%.
Looking ahead, forecasted data suggests a continuous rise, with the maize consumption expected to reach 347.51 million metric tons by 2028. The projected 5-year CAGR of 1.96% and a forecasted growth rate of 10.17% signify sustained growth.
Future trends to watch for:
- Impacts of government policies on agricultural practices and maize production.
- Technological advancements in farming and their effect on yield and consumption.
- Potential shifts in domestic demand due to changes in the livestock and biofuel industries.
- Influence of global trade policies and tariffs on maize imports and exports.
