In 2023, China's sheepmeat production was estimated at 5.17 million metric tons. Forecasts for the period 2024-2028 indicate a steady increase from 5.25 to 5.55 million metric tons. The year-on-year growth suggests incremental increases of approximately 1.52% to 1.75% annually. The compound annual growth rate (CAGR) for this five-year period averages around 1.76% per year, signaling a consistent upward trend in sheepmeat production.
Future trends to watch include:
- Potential impacts of climate change on agricultural productivity.
- Shifting consumer preferences towards alternative protein sources.
- Economic policies influencing agricultural exports and imports.
