Forecast: Rapeseed Oil Domestic Consumption in China

As of 2023, China's domestic consumption of rapeseed oil stood at approximately 8.60 million metric tons. Over the next five years, the forecast shows an increasing trend in consumption, with figures rising from 8.74 million metric tons in 2024 to 9.28 million metric tons by 2028. This indicates a steady year-on-year growth with an average annual increase of about 1.5% CAGR over this period.

Future trends to watch for include:

  • Potential impact of dietary shifts towards healthier cooking oils driven by consumer health awareness, which could further boost rapeseed oil consumption.
  • Government policies promoting the use of locally produced oils to decrease reliance on imports.
  • Technological advancements in rapeseed oil extraction and processing methods that might improve efficiency and reduce costs.

Top Countries about Rapeseed Oil