The import of palm nut or kernel oil cake and other solid residues to China is forecasted to rise steadily from 2024 to 2028. The projected values indicate a consistent year-on-year increase, with growth rates of approximately 3.5% annually. In 2023, the actual import stood at a lower baseline compared to 2024's projected 95.537 million USD, highlighting a healthy upward trend. From 2024 to 2028, the compound annual growth rate (CAGR) is anticipated to further confirm this positive trajectory, reflecting China's increasing demand for these products.
Future trends to watch for include:
- Potential market shifts influenced by trade policies or tariffs.
- Developments in China's domestic agricultural feed industry which may impact import needs.
- Global production levels and price fluctuations affecting supply chain dynamics.
- Changes in consumer dietary preferences towards plant-based products, influencing residue import volumes.
