The forecast for the import of refined maize oil to China shows a consistent decline from 2024 to 2028. The annual decrease in import volume is clearly observable, indicating a significant downtrend. Comparatively, imports in 2024 are expected to stand at 279.63 thousand kilograms, declining annually to 110.92 thousand kilograms by 2028. Year-on-year variations depict a steady drop in demand, with the compounded annual growth rate (CAGR) highlighting an average reduction per year over this five-year period. This trend illustrates China's shift possibly towards alternative domestic sources or changes in consumption patterns.
Future trends to watch for:
- Potential government policies influencing the import of maize oil and its substitutes.
- Changes in consumer preferences or dietary needs impacting maize oil demand.
- Impact of technological advances in refining domestic maize oil or alternatives.