China's soybean oil imports are projected to grow steadily from 402 thousand metric tons in 2024 to 407 thousand metric tons by 2028. In 2023, the recorded import level was 401 thousand metric tons. The forecast indicates a moderate year-on-year increase, averaging a compound annual growth rate of approximately 0.3% over the five-year period.
The trend suggests a gradual expansion in imports, likely driven by increasing domestic demand and China's need to supplement its domestic production. Factors to watch include global trade policies, domestic agricultural reforms, and potential shifts in consumer preferences toward healthier edible oils.
