The oilseeds processing industry in China has seen fluctuations in year-on-year growth from 2014 to 2023, with volume standing at 127.43 million metric tons in 2023. Notably, growth spiked by 9.31% in 2015, dropped by 1.99% in 2016, and showed consistent yet modest increases from 2018 onward. The CAGR from 2018 to 2023 averaged 0.97%, indicating steady but slow growth. Looking forward, forecasts suggest continued modest expansion with a 5-year CAGR of 0.78%, projecting volume to reach 133.91 million metric tons by 2028. The last 5-year growth rate forecast stands at 3.99%.
Future trends to watch for include:
- Technological advancements in processing methods aimed at improving efficiency and output
- Shifts in domestic demand driven by dietary changes and economic policies
- Impact of international trade dynamics and import-export regulations