In 2023, China's green peas gross production stood at 6.961 billion US Dollars PPP (2004–2006). The forecasted data from 2024 to 2028 exhibits a gradual decline in production value, decreasing from 6.9483 billion to 6.891 billion US Dollars PPP. This represents a year-on-year decline of around 0.2% to 0.3% over each year.
The last two years have shown a stabilized decrease pattern, with minor variances slightly resembling a downward trajectory. Over the forecast period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be negative, indicating a steady downward trend.
Future trends to watch for:
- Increasing focus on sustainable agricultural practices could influence production costs or yields.
- Adjustments in trade policies or tariffs affecting import and export dynamics.
- Potential changes in consumer preferences towards alternative sources of protein impacting demand.