In 2023, the non-food uses of oilseeds in China stood at an estimated 7.80 million metric tons. The forecasted data indicates a positive growth trend from 2024 through 2028, with a consistent annual increase in volume. Specifically, from 2024 to 2028, the consumption is expected to grow from 8.11 to 9.31 million metric tons.
The year-on-year growth rate averages around 3.7%, indicating steady expansion. This reflects ongoing diversification in the utilization of oilseeds, driven by industrial demand.
Future trends to watch for:
- Technological advancements in bioproducts, enhancing oilseed applications.
- Policies promoting sustainability could catalyze demand in biodiesel and other environmentally friendly uses.
- Global economic fluctuations and domestic policy shifts could impact growth trajectories.