China's commercial production of table grapes has shown a steady upward trend over the last decade, reaching a volume of 12.994 Million Metric Tons in 2023. The year-on-year growth for 2023 was 3.13%, demonstrating moderate growth compared to previous years. However, the compound annual growth rate (CAGR) over the last five years stands at 5.59%, indicating a relatively stable increase in production.
Key historical trends include:
- A peak in production growth in 2015 with a year-on-year increase of 13.64%.
- A decline in 2018 with a negative growth rate of -5.71%.
- A notable recovery in 2019, gaining back momentum with a 9.09% increase.
Looking forward, production is forecasted to continue its upward trajectory, albeit at a slower pace. By 2028, production is expected to rise to 14.938 Million Metric Tons, with a forecasted five-year CAGR of 2.21%. This slower growth indicates a potential stabilization of production levels.
Future trends to watch for include:
- Technological advancements in agriculture that could enhance yield and efficiency.
- Changing consumer preferences that may impact domestic demand.
- Environmental factors and climate change that could affect crop yields.
