The forecast for China's import of simply refined palm oil shows a slight year-on-year decline starting from 2024 and continuing through 2028, with values gradually decreasing. In 2023, the actual import value stood at approximately USD 3.291 billion, indicating a relatively stable but slowly diminishing market. The percentage variation from 2024 to 2025 is -0.56%, and from 2025 to 2026, it shifts by approximately -0.55%, illustrating a consistent downward trend. Over the five-year forecast period until 2028, the compound annual growth rate (CAGR) marks a continual, modest decline.

Future trends to watch for include:

The impact of China's domestic agricultural policies on palm oil imports.
Potential shifts in consumer preferences towards sustainable and alternative oils.
Geopolitical developments that may influence trade agreements and tariffs.
Technological advancements in oil refining processes in China.