The import of animal fats and oils to China in 2023 was valued at approximately 3.2 million USD, with a forecasted increase to 3.37 million USD in 2024. The projected year-on-year growth from 2024 to 2028 suggests a positive trend, with consistent annual increments. Particularly, the anticipated growth rates are approximately 4.5% to 4.8% yearly. The compound annual growth rate (CAGR) over the five-year forecast period reveals a robust market expansion.
Future trends to watch:
- Potential fluctuations in global supply chains, affecting availability and pricing.
- Increasing demand in China due to evolving dietary and industrial applications.
- Regulatory changes influencing import dynamics and market access.
