Natural rubber production in China stood at approximately 890.43 thousand metric tons in 2023. Over the two preceding years, the year-on-year variation showed a stable trend, with increases of 1.42% in 2022 and 1.38% in 2023. The compound annual growth rate (CAGR) for the last five years was 1.56%, reflecting a steady rise in production.
Looking ahead, the forecast for 2024 and beyond suggests the production will continue its upward trajectory with an annual growth rate averaging 1.08% in the next five years, culminating in a 5.52% rise by 2028.
Trends to watch for:
- Advancements in agricultural technology improving yield.
- Impact of environmental policies on cultivation.
- Market demand fluctuations affecting production capacity.
- Investment in sustainable and eco-friendly rubber production practices.
