The import of castor oil or its fractions to China is projected to show a steady upward trend from 2024 to 2028, starting at 351.27 million kilograms in 2024 and reaching 393.11 million kilograms by 2028. This indicates a continued demand growth for castor oil in China. Benchmarking against the actual figures from the years before 2024, a year-on-year increase demonstrates a healthy and consistent annual growth of approximately 3% throughout the forecast period. Notably, the compound annual growth rate (CAGR) is expected to align closely with this figure, reinforcing a stable market trajectory.
Future trends to watch for include potential shifts in industrial applications of castor oil, especially within the cosmetic, lubricant, and biofuel sectors, which could influence import volumes. External factors such as trade policies and potential alternative supply sources might also impact these forecasts.
