Between 2024 and 2028, China's domestic food consumption of sunflower seed oil is forecasted to steadily rise from 1.86 to 1.95 million metric tons, indicating a slight year-on-year increase. The average compound annual growth rate (CAGR) over these five years is expected to be approximately 1.17%. Notably, in 2023, the actual consumption stood at 1.83 million metric tons. This upward trend reflects ongoing domestic demand growth, supported by consumer preferences for healthier edible oils.
Future trends to watch include potential impacts from policy changes on import restrictions, health consciousness among consumers driving sunflower oil demand, and technological advances in sunflower oil extraction improving efficiency and possibly costs.
