The forecast for the import of refined soybean oil to China from 2024 to 2028 shows a steady increase in volumes, starting at 35.208 million kilograms in 2024 and reaching 39.053 million kilograms by 2028. This upward trend suggests an annual growth rate of approximately 2.5%. In contrast, the import volume in 2023 stood at 34.300 million kilograms, indicating a 2.65% year-on-year increase from 2023 to 2024.
Future trends to watch for include:
- Potential shifts in domestic production and consumption affecting import needs.
- Global price fluctuations of soybean oil impacting import costs.
- Trade policies and tariffs between China and exporting countries.
