The market is dominated by domestic suppliers, as imports account for 4.9% of total market size in 2023. B2B drives market demand, with B2B spending representing 66.5% of total demand in 2023. China has the largest market size for agriculture regionally, with demand reaching USD2.1 trillion in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 2.9% in 2023, largely driven by declining labour costs. The industry’s profitability increases and stands at 3.5% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 0.9% of total production output. With production value of USD2.0 trillion, China accounts for 54.2% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Agriculture in China: ISIC 1. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Agriculture in China: ISIC 1 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
Agriculture is an aggregation of farming of cattle, swine and pigs, sheep and other quadrupeds, poultry and other animals; growing of cereals and crops, fruits and vegetables; providing agricultural services and hunting.
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