In 2023, the oilseeds market size in China was 15.35 million metric tons. From 2014 to 2023, the market exhibited mixed trends, with the compound annual growth rate (CAGR) over the last five years being 0.41%. Year-on-year variations indicated volatility, particularly noting significant drops in 2015 (-5.5%) and 2020 (-4.38%), contrasted by spikes in 2017 (9.01%) and 2021 (5.94%). Looking ahead, the market is forecasted to grow modestly, with a CAGR of 0.49% expected from 2024 to 2028.
Future trends to watch for:
- Climate change impacts on crop yields
- Technological advancements in agriculture
- Increasing domestic demand due to dietary shifts
- Policy changes and trade relations
