As of 2023, China's indigenous lamb production achieved a record value of $12.895 billion in terms of PPP, 2004–2006. Projections indicate steady growth, with an increase to $13.231 billion by 2024.
Year-on-year growth estimates show increases of:
- 2.48% from 2024 to 2025
- 2.39% from 2025 to 2026
- 2.31% from 2026 to 2027
- 2.24% from 2027 to 2028
The Compound Annual Growth Rate (CAGR) over these five years is estimated at 2.36% annually.
Future trends to watch for include potential fluctuations driven by consumer preferences, global trade conditions, and domestic agricultural policies which could impact both the volume and value of China's lamb production.
