The demand for sunflowerseed oil in China saw substantial fluctuations between 2014 and 2023, starting at 747.0 thousand metric tons in 2014 and reaching 998.0 thousand metric tons in 2023. After an initial surge of 47.39% in 2015, the trend witnessed a series of ups and downs. The highest growth rate post-2015 was recorded in 2021 with a 6.46% year-on-year increase. Overall, the compound annual growth rate (CAGR) of 1.69% from 2019 to 2023 indicates a modest positive trend.
Looking ahead, the forecasted data from 2024 to 2028 suggests continued but slow growth, with an expected CAGR of 0.84%. By 2028, demand is anticipated to grow by 4.27% compared to 2023. Trends to watch for in the future include potential shifts in consumer preferences towards healthier oils, changes in domestic production capacities, and potential impacts from international trade policies and tariffs. Monitoring these factors will be essential for understanding future dynamics in the sunflowerseed oil market in China.
