The forecast for rapeseed oil and mustard oil non-food uses in China indicates a declining trend from 2.66 million metric tons in 2024 to 2.24 million metric tons in 2028. From 2023, where the value stood at approximately 2.75 million metric tons, the data reflects a steady reduction year-on-year with an overall projected decrease of about 18.5% over five years, representing an approximate compound annual growth rate (CAGR) of -3.2%.
Future trends to watch for include:
- Evolving energy policies potentially impacting biofuel usage.
- Technological advancements leading to alternative industrial applications.
- Environmental regulations influencing production and consumption.
- Global market dynamics affecting supply and demand.
