In 2023, China's palm kernel oil import volume stood at approximately 790.0 thousand metric tons. The forecasted data indicates a steady annual growth in import volume, from 810.0 thousand metric tons in 2024 to 880.0 thousand metric tons in 2028. The year-on-year growth rates show an increase of around 2.2% to 2.0% annually, highlighting consistent demand. Over the five-year forecast period, the compound annual growth rate (CAGR) is projected to be around 2.2%, suggesting a stable upward trend in China's palm kernel oil imports.
Future trends to watch include potential shifts in China's agricultural policies affecting import demand, adaptation to global sustainability practices impacting supply chains, and the effects of economic fluctuations on consumption patterns.
