The import forecast for bovine, sheep, and goat fats to China indicates a significant decline from 2024 to 2028. Starting at 41.701 million kilograms in 2024, this is a sharp decrease from historical 2023 levels. By 2028, the forecast drops dramatically to 1.2939 million kilograms. This trend shows a year-on-year reduction, highlighting a contraction in import demand over this period. The compounded annual growth rate (CAGR) implies a severe downward trajectory for the importation of these animal fats.
Future trends to watch for include:
- A potential shift towards alternative fats or oils.
- Changes in domestic production or consumption patterns.
- Impacts of trade policies or agreements affecting import dynamics.
