The forecast for China's soybean oil export volume shows a steady increase from 271.36 thousand metric tons in 2024 to 309.96 thousand metric tons by 2028. Year-on-year growth depicts a consistent upward trend, averaging around 3.5% per annum over this period. In 2023, the export volume stood below the 2024 forecast, marking this year as a starting point for a predicted growth phase over the coming years.
Future trends to watch for include:
- Global demand fluctuations impacting export volumes.
- Changes in trade policies or tariffs affecting China's export strategy.
- Technological advancements in soybean production potentially influencing yield and export capabilities.