The forecasted output of rice in China from 2024 to 2028 shows a consistent upward trend in value volume, ranging from 21.84 to 22.55 Ten Million Metric Tons. The actual output for 2023 stood at 21.67 Ten Million Metric Tons. The year-on-year growth for 2024 compared to 2023 is approximately 0.8%. For 2025 and 2026, the respective increases are around 0.8% and 0.81%. The growth trend continues with increases of approximately 0.81% in 2027 and 0.77% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is approximately 0.8%.
Future trends to watch for include:
- Technological advancements in rice farming and potential increases in local and international demand.
- Climate change impacts which may affect yield unpredictably
- Agricultural policy shifts and subsidies that could influence production levels.