Based on the given data, the per capita production of cement in China is forecasted to remain constant at 1.69 thousand kilograms from 2024 through 2028. In 2023, the actual per capita production also stood at 1.69 thousand kilograms. Given the data shows consistent values for each forecasted year, there is no year-on-year variation percentage observed over the last two years. Additionally, the compound annual growth rate (CAGR) over the last five years is 0%, indicating no growth or decline in per capita production over the forecasted period.
Future trends to watch for:
- Technological advancements in cement production that could improve efficiency and output.
- Environmental regulations that may impact production levels and industry practices.
- Market demand changes influenced by infrastructure projects and urbanization rates in China.