The predicted yield of oil crops in China has shown a consistent growth trend over the years. By 2023, the yield stands at 29.94 thousand hectograms per hectare. The yield saw fluctuations with notable decreases in 2014 and 2017, where year-on-year variations were -0.038% and -4.26% respectively. Despite these dips, the CAGR over the past five years has been 1.2%. Year-on-year growth for the past two years (2022 and 2023) has been relatively stable at around 1.18%. Forecasts from 2024 to 2028 predict a continued increase in yield, with a 5-year CAGR of 0.93% and a total growth rate of 4.75% by 2028.
Future trends to watch for include:
- Technological advancements in agriculture could further enhance yield.
- Climate change impacts and adaptive farming practices will be crucial.
- Policy changes and subsidies from the Chinese government may influence future yields.
- Global market demand and trade policies could affect the economic viability of oil crop production.
