In 2023, rapeseed consumption at the farm gate in China amounted to 17.60 million metric tons. The forecast from 2024 to 2028 indicates a steady increase. The consumption is expected to reach 17.81 million metric tons in 2024, showing growth. Forecasted year-on-year variations show an increase of approximately 1.23% in 2025, 1.28% in 2026, 1.21% in 2027, and 1.14% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 1.18%, reflecting a consistent upward trend.
Future trends to watch include potential impacts of climate change on rapeseed yield, shifts in government agricultural policies, and changing domestic demand patterns due to dietary trends and biofuel production. Monitoring trade policies and international market dynamics will also be crucial for predicting future consumption patterns.
