The forecast for China's peanut oil imports shows a steady increase from 2024 to 2028, starting at 321.0 thousand metric tons in 2024 and reaching 414.0 thousand metric tons by 2028. This indicates a consistent year-on-year growth, with an approximate average annual growth rate of around 5.5% over these five years. In 2023, the quantity was approximately 302.0 thousand metric tons. Thus, China’s reliance on imported peanut oil appears to be increasing steadily.
Future trends to watch for include potential policies affecting import tariffs, domestic peanut oil production changes, and shifts in consumer preferences towards healthier oils, which could affect demand dynamics.
