In 2023, China's palm oil imports stood at 6.34 million metric tons. The forecast data suggests a steady increase, reaching 6.75 million metric tons in 2028. The year-on-year growth rate shows a moderate rise, with an approximate average yearly growth rate of around 1.6% over the five-year forecast period. This indicates a consistent demand trajectory, reflecting broader economic and consumer trends.
Future trends to watch for include:
- Potential shifts in trade policies impacting imports.
- Increasing domestic demand driven by urbanization and dietary changes.
- Global sustainability initiatives influencing palm oil sourcing.
