In 2023, palm oil production in China stood at 233.50 thousand metric tons. The forecasts for 2024 to 2028 show a gradual increase from 234.09 to 236.26 thousand metric tons, highlighting a stable upward trend. The year-on-year increase ranges from approximately 0.24% to 0.45%, indicating modest yet consistent growth. The five-year compound annual growth rate (CAGR) hovers around 0.4%, illustrating a steady expansion in production capacity.
Future trends to watch for include technological advancements in agricultural practices, potential shifts in domestic demand for palm oil, and changes in global trade dynamics affecting China’s role in the palm oil market.
