The output of winter wheat in China has showcased a primarily increasing trend from 2013 to 2023, standing at 13.36 ten million metric tons in 2023. Analyzing the year-on-year variations, the output has experienced both growth and decline phases, with notable increases in 2014, 2015, 2019, and a significant rise in 2021. However, declines were observed in 2018 and 2020. The most recent two years displayed moderate growth rates, with 1.06% in 2022 and 1.03% in 2023. The compounded annual growth rate (CAGR) over the past five years leading up to 2023 has been 1.34%.
Future trends to watch for:
- Forecast data suggests a steady increase in output, culminating in 14.07 ten million metric tons by 2028.
- An anticipated average annual growth rate (CAGR) of 0.82% over the next five years.
- Potential variations due to climate conditions, government policies, and technological advancements in agriculture.