China's truffles and mushrooms production showed varying growth patterns from 2013 to 2023. In 2023, production stood at 10.042 million metric tons. The year-on-year variation for the last two years observed a 2.96% increase in 2022 and a slight dip to 2.81% in 2023. The compound annual growth rate (CAGR) over the past five years was 3.26%. The forecasted period from 2024 to 2028 projects a moderated average annual growth rate (forecast 5-year CAGR) of 2.1%, accumulating to a forecasted growth rate of 10.96% by 2028.
Future trends to watch for:
- Sustainable agricultural practices impacting yield and quality.
- Increasing domestic and international demand driven by high-value, gourmet market trends.
- Technological advancements in farming and production processes.
- Policy changes and government support impacting production scales and export capabilities.