Between 2014 and 2023, China's maize demand saw significant variability. Starting at 173.29 million metric tons in 2014, the demand surged by 35.52% to 234.85 million metric tons in 2015. Despite fluctuations, a general upward trend persisted, with a 2.31% drop in 2020 being a notable exception. By 2023, the demand reached 314.41 million metric tons, reflecting a year-on-year increase of 2.45% and a five-year CAGR of 2.56%. The period between 2014 and 2023 indicated a growth, though with periodic deceleration.
Future trends to watch for:
- Projected demand growth of maize at a CAGR of 1.85% from 2024 to 2028 suggests a more stable yet slower upward trend.
- Potential impacts from global trade policies, climate change, and advancements in agricultural technology on maize production and demand in China.
