In 2023, China's imports of lard, other pig fat, and poultry fat stood at a higher value, transitioning into a declining trend forecasted through 2028. The projected import values show a consistent decrease from USD 1.3021 million in 2024 to USD 0.76876 million in 2028. This indicates a year-over-year reduction, reflecting an average annual decrease (CAGR) over the five-year period.
Key trends to watch for the future include:
- Changes in China's domestic livestock production, potentially reducing the need for imports.
- Shifts in consumer dietary preferences towards plant-based alternatives or different types of proteins.
- Trade policy adjustments that could affect import tariffs and agreements with exporting countries.