In 2023, China's import of coconut or copra oilcake and other solid residues stood at 48.00 million kilograms. From 2024 onward, projections indicate a steady increase: 48.187 million kilograms in 2024, climbing to 49.205 million kilograms by 2028. The year-on-year growth rates for 2024 and 2025 are approximately 0.54% and 0.55%, respectively, showcasing a modest, consistent upward trend. Over a five-year horizon, the compound annual growth rate (CAGR) is anticipated to be about 0.53%.
Future trends to watch for:
- Environmental concerns and policies may impact import volumes due to potential shifts toward sustainable practices.
- Global market dynamics and trade relationships could affect China's import strategies and volumes.
- Technological advancements in agriculture and oil extraction might influence production efficiency and import needs.