The analysis of sugarcane production in China indicates several notable trends. In 2023, the production stood at 10.86 million metric tons. Examination of the annual year-on-year variations identifies significant fluctuations, with the biggest drop observed in 2015 (-7.53%) and the highest increase in 2018 (3.54%). The compound annual growth rate (CAGR) over the last five years up to 2023 was a modest 0.089%, reflecting a relatively stable production pattern despite minor fluctuations. Looking forward, the forecast indicates a CAGR of 0.66% from 2024 to 2028, with an overall growth rate of 3.34% over this period.
Future trends to watch for include:
- Technological advancements in agricultural practices and their impact on sugarcane yield.
- Changes in government policies and subsidies that may influence agricultural priorities.
- Climate change effects on crop productivity and the potential adaptation strategies.
- Market demands and global trade dynamics influencing production incentives.
