In 2023, China's import of refined linseed oil stood at a value that has now been forecasted to experience a consistent annual increase, reaching 10.029 million kilograms by 2028. Forecasted data suggests the import volumes will grow by approximately 3-4% year-on-year from 2024 to 2028, resulting in a cumulative average growth rate (CAGR) over this five-year period.
Future trends to watch include:
- Potential shifts in global supply chains affecting availability and price.
- Changes in domestic production capabilities within China.
- Evolution of demand influenced by changes in consumption patterns and industrial use within China.