In 2023, the maize production at the farm gate in China was valued at 60.5 billion euros. The forecasted data from 2024 to 2028 shows a steady increase, with values rising from 60.72 billion euros in 2024 to 61.56 billion euros in 2028. Analyzing year-on-year variations, we observe consistent growth rates around 0.35% annually. Over the last two years (2022-2023), the variation has been approximately 0.4%, with a compound annual growth rate (CAGR) of about 0.36% projected over the five-year period from 2023 to 2028.
Future trends to watch for include advancements in agricultural technology, government policies influencing farm productivity, and market demand shifts due to dietary changes or biofuel production impacting maize cultivation. It's crucial to monitor external factors such as climate change and global trade dynamics that could significantly affect future production and pricing strategies.
