In 2023, China's actual rapeseed supply was slightly under the 21.47 million metric tons forecasted for 2024. From 2024 to 2028, the rapeseed supply is expected to increase gradually, with values reaching 22.38 million metric tons by 2028. Year-on-year variations reveal a steady and modest growth, maintaining an approximately 1% increase annually, reflecting a stable upward trend in supply.
In terms of a five-year compound annual growth rate (CAGR), the increase in rapeseed supply indicates consistent growth, averaging around 1% per year.
Future trends to watch for include:
- Potential impacts of climate change on agricultural yield.
- Government policies affecting agricultural practices and imports.
- Technological advancements in rapeseed farming efficiency.
