In 2023, China's import of crude linseed oil stood at a certain level, with the forecasted data starting in 2024. Over the forecast period from 2024 to 2028, there is a consistent increase in the import volume of crude linseed oil, showing a solid annual growth pattern. Notably, the year-on-year increase from 2024 to 2025 is approximately 2.9%, and from 2025 to 2026 is around 2.7%. This positive trend continues with approximately 2.6% growth by 2027, marginalizing slightly to 2.5% by 2028. The compound annual growth rate (CAGR) for this five-year period is approximately 2.6%, reflecting steady demand growth.
Future trends to watch for include potential fluctuations in global linseed oil production and price volatility due to environmental policies and trade relations, which might affect China's import strategy. Also, increasing demand for eco-friendly products could influence crude linseed oil utilization, impacting import volumes and market dynamics.
