The production of oil-bearing crops in China has steadily increased from 3.35 ten million metric tons in 2013 to 3.70 in 2023. The year-on-year growth fluctuated, with notable increases in 2017 (2.21%) and 2020 (2.67%), and a slight dip in 2018 (-1.2%). The compound annual growth rate (CAGR) over the last five years stood at 1.51%. Future forecast shows a continued rise, reaching 3.91 ten million metric tons by 2028, although the forecasted five-year CAGR moderates to 0.87%, indicating a slower pace of growth.
Future Trends to Watch For:
- Potential policy changes affecting agricultural outputs.
- Technological advancements in crop cultivation and oil extraction.
- Climate change impacts on crop yields.
- Shifts in domestic and global demand for oil-bearing crops.
