Forecast: Food Gross Production in China

In 2023, China's food gross production stood below the 2024 forecast of $962.82 billion. The year-on-year growth from 2024 to 2025 is 1.54%, followed by 1.50% in 2026, 1.47% in 2027, and 1.42% in 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 1.48%. These figures indicate a steady, albeit modest, upward trend in food production values through 2028.

Future trends to watch for include:

  • Rising domestic demand driven by population growth and increasing urbanization.
  • Potential shifts in agricultural policy aimed at sustainability and productivity improvement.
  • Impact of trade relationships on the import-export balance in China's agriculture sector.

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