The projected import of animal fats, oils, and fractions not chemically modified to China shows a steady increase from 2.3608 million kilograms in 2024 to 2.4961 million kilograms by 2028. This represents a consistent year-on-year growth pattern. The compound annual growth rate (CAGR) over this five-year period appears stable, indicating a reliable upward trend.
In 2023, the volume stood at slightly lower levels, highlighting a growing demand in China for these imports. Over the last two years, we've seen significant year-on-year growth reflecting both increased domestic demand and perhaps shifts in global supply chains.
Future trends to watch for include the potential impact of China's economic policies on agricultural imports, changes in consumer preferences towards animal-derived products, and the impact of global economic conditions on trade dynamics for these commodities.
