In 2023, China's groundnut oil demand stood at 1.91 million metric tons. Forecasts for the following years show a slight decline with values as follows: 1.9 million metric tons in 2024, 1.89 million metric tons in 2025, 1.88 million metric tons in 2026, 1.87 million metric tons in 2027, and 1.86 million metric tons in 2028.
Year-on-year variations over the last two years indicate minor declines:
- -0.52% from 2023 to 2024
- -0.53% from 2024 to 2025
- -0.53% from 2025 to 2026
- -0.53% from 2026 to 2027
- -0.53% from 2027 to 2028
Future trends to watch for include shifts in consumer preferences towards healthier oils, fluctuations in domestic groundnut production, and changes in government policies affecting agricultural imports and exports. Tracking these factors will be critical for accurately forecasting long-term demand for groundnut oil in China.
