The import of crude sunflower-seed or safflower oil to China is projected to increase consistently from 2024 to 2028. Starting from a forecasted 955.69 million kilograms in 2024, the imports are expected to reach 1110.0 million kilograms by 2028. This represents a steady year-on-year growth in import volume, with a compound annual growth rate (CAGR) highlighting an overall upward trajectory. In 2023, the actual import volume was the baseline for these forecasts, implying a positive trend in demand for these oils in China over the projected period.
Future trends to watch for include:
- Potential shifts in domestic agricultural policies affecting production and import needs.
- Price fluctuations in the global market influencing import volumes.
- Changes in consumer preferences towards healthier oils impacting demand.