The Orange and Mandarines market in China has shown a steady growth trend from 2014 to 2023, reaching a volume of 26.41 million metric tons in 2023. The market experienced significant fluctuations, notably a sharp increase of 7.93% in 2018 followed by slight declines in subsequent years, such as a 3.84% drop in 2020. The compound annual growth rate (CAGR) from 2019 to 2023 averaged to a modest 0.72%, reflecting a period of slow but consistent growth.
From 2024 onwards, the market is forecasted to continue expanding. The volume is projected to reach 27.92 million metric tons by 2028, showing a forecast 5-year CAGR of 0.88%, indicating a stable upward trend with an overall growth rate of 4.47% for this period.
Future trends to watch for:
- Technological advancements in agriculture and production techniques.
- Changes in consumer preferences and increased demand for citrus fruits.
- Potential impacts of climate change on fruit yield and quality.
- Economic factors and trade policies affecting import and export dynamics.
