In 2023, China's domestic consumption of sunflower was at 2.07 million metric tons. The forecast indicates a consistent year-on-year growth of approximately 1.9% through 2028, reaching 2.27 million metric tons in 2028. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is anticipated to be around 1.84%.
Future trends to watch for include:
- Potential shifts in health trends influencing demand for sunflower-based products.
- Changes in agricultural policies and subsidies affecting local production.
- Advancements in oil extraction technology and its impact on usage efficiency.
- Fluctuations in international trade agreements that might alter import-export dynamics.