Forecast: Soybean Production in China

The forecast for soybean production in China from 2024 to 2028 shows a gradual increase from 20.41 million metric tons in 2024 to 21.14 million metric tons in 2028. This reflects a steady year-on-year growth, with an average Compound Annual Growth Rate (CAGR) of approximately 0.89% over this period. In 2023, the production was likely slightly below the 2024 forecast, considering the expected increases.

Future trends to watch for include potential impacts of climate change on agriculture, government policies supporting soybean cultivation, and the influence of global trade dynamics on domestic production strategies.

  • 2024: 20.41 MMT
  • 2025: 20.6 MMT
  • 2026: 20.78 MMT
  • 2027: 20.96 MMT
  • 2028: 21.14 MMT

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