In 2023, China's animal fats export volume stood at a certain level, from which a gradual decline is evident in the forecasted period. From 2024 to 2028, the export volume shows a year-on-year decrease of approximately 0.5% per annum. Over the five years, the compound annual growth rate (CAGR) reflects this diminishing trend, signifying a steady reduction in export volumes.
Looking forward, it's crucial to monitor several trends:
- Global demand shifts towards plant-based and alternative fats, potentially impacting animal fat exports.
- Regulatory changes in key markets affecting import policies for animal fats.
- Technological advancements in production and processing that might improve efficiency and competitiveness.