In 2023, China's rapeseed domestic consumption stood at approximately 19.34 million metric tons. From 2024 to 2028, forecasts indicate a steady annual increase, with consumption projected to reach 20.35 million metric tons by 2028. This represents an average year-on-year growth of approximately 1% to 2%, with a compound annual growth rate (CAGR) of around 1.25% over these five years. The consistent upward trend reflects a growing demand for rapeseed in China, likely driven by dietary changes and increased processing capabilities.
Future trends to watch for include potential policy changes affecting agricultural imports, shifts in dietary preferences towards plant-based oils, and technological advancements in crop yield and efficiency, all of which could influence rapeseed consumption patterns.
