In 2023, China's primary oilseeds gross production stood at 10.612 billion US dollars (PPP, 2004-2006). The forecast for 2024 indicates an increase to 10.718 billion, marking a 1.00% year-on-year growth. By 2025, the production is expected to reach 10.825 billion, a 1.00% rise from 2024. This steady growth trend continues through 2026 and 2027, with 1.00% annual increases, culminating at 11.032 billion in 2027. The 2028 forecast suggests a similar trend, reaching 11.132 billion. Over the five-year forecasted period, the compound annual growth rate (CAGR) averages at 0.98%.
Future trend observations:
- Global economic conditions impacting commodity prices
- Technological advancements in agricultural practices
- Government policies and subsidies for oilseed production
- Climate change implications on crop yields
- International trade agreements affecting export markets
