The forecast data indicates a consistent decline in soybean oil import volume in China from 2024 to 2028. Starting at 346.8 thousand metric tons in 2024, the volume drops dramatically by 2028 to 173.5 thousand metric tons. This represents a significant decrease of approximately 50% over these years. The year-on-year decrease accelerates through this period, indicating an increasing rate of reduction in imports. As of 2023, the volume of import was observed to be higher than 2024, marking the beginning of this downtrend.
Future trends to watch for include the impact of domestic production capacities and global market factors such as trade policies and supply chain shifts. Additionally, consumer demand for alternative edible oils or changing dietary trends in China could further influence these projections. Monitoring these variables will be crucial for a more accurate long-term forecast.
