The forecast for China's import of coconut (copra) oil or fractions simply refined shows a consistent upward trend from 171.11 million kilograms in 2024 to 195.63 million kilograms in 2028. This marks a steady annual growth, reflecting positive demand factors in the market. In 2023, the import volume stood at approximately 165 million kilograms, which indicates that the forecasted values represent a healthy year-over-year growth around 3.5% to 3.7%. Over the forecast period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is anticipated to be approximately 3.4%, showcasing a stable increase in import volume.
Future trends to watch for include:
- China's economic conditions and consumer health trends influencing the demand for coconut oil.
- Trade relations and tariff regulations impacting import dynamics.
- Global coconut oil market supply chains and their effects on China’s import capacity.