In 2023, China's refined edible vegetable oil production was at 4.60 Ten Million Metric Tons. Forecasts indicate a consistent decline from 2024 to 2028, with values of 4.39, 4.2, 4.02, 3.83, and 3.65 Ten Million Metric Tons, respectively. Year-on-year, this translates to a decrease of 4.57% in 2025, 4.29% in 2026, 4.73% in 2027, and 4.70% in 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is projected to be -4.55%.
Future trends to watch for include the impact of fluctuations in domestic agricultural yields, government regulations on edible oil production, and shifts in consumer preference toward healthier dietary options, which may further influence production levels and market dynamics.
