China's maize production has shown fluctuations from 2013 through 2023, starting at 248.45 million metric tons in 2013 and peaking at 264.99 million metric tons in 2015. However, from 2016 onward, production showed a slight declining trend, stabilizing around 257.96 million metric tons by 2023. The CAGR over the last five years (2019-2023) marginally increased by 0.061%.
Looking ahead, the forecasted values from 2024 to 2028 suggest a steady decline, with the production expected to reduce from 257.3 million metric tons in 2024 to 254.75 million metric tons by 2028. The projected five-year CAGR indicates a decrease of 0.2%, highlighting a gradual reduction in maize production during this period.
Future trends to watch for:
- Impact of climate change and extreme weather conditions on crop yields.
- Technological advancements in agricultural practices and their adoption rate.
- Changes in government policies and subsidies related to maize farming.
- Shifts in domestic and global demand for maize and related products.
