In 2023, China's palm oil production stood at 186.9 thousand metric tons. The forecast data from 2024 to 2028 indicates a slight decline in production, with values decreasing from 186.8 thousand metric tons in 2024 to 186.1 thousand metric tons in 2028. The year-on-year variation shows a minimal downward trend, with the largest decrease observed between 2027 and 2028 at 0.1%. Over the last two years, this trend remains consistent but subtle, and the compound annual growth rate (CAGR) for the 2024-2028 period reflects a slight negative average annual growth.
Future trends to watch for include potential shifts in domestic agricultural policies, global market prices for palm oil, and developments in alternative edible oils. Additionally, advancements in sustainable production practices and international trade relations could influence China's palm oil production levels.
