The forecast for China's groundnut oil import volume shows an upward trend, from 151.7 thousand metric tons in 2024 to 161.6 thousand metric tons by 2028. Comparing year-to-year figures, the average increase in import volume is approximately 1.6% annually over this period. As of 2023, the import volume stood at approximately 149.3 thousand metric tons, indicating a sustained growth trajectory.
Future trends to watch for include:
- Changes in consumer preferences towards healthier cooking oils, potentially boosting demand for groundnut oil.
- Economic policies in China that may impact import volumes, such as tariffs and trade agreements.
- The influence of global supply chain factors and production levels in major groundnut oil-producing countries.
