The forecasted consumption of rapeseed and mustard oil in China shows a steady upward trend from 2024 to 2028, starting at 63.99 thousand metric tons. By 2028, it is expected to reach 71.67 thousand metric tons. Comparing these years indicates a consistent year-on-year increase of approximately 3% annually. This positive trend highlights a growing demand over the years. In 2023, the consumption stood slightly below the projected figures for 2024, underscoring the upward trajectory into 2028. The compounded annual growth rate (CAGR) over the five years from 2024 to 2028 approximates a steady growth pattern.
Future trends to watch for include the impact of economic factors on consumer spending in China, emerging dietary trends prioritizing healthier oils, and the potential influence of domestic policies and international market dynamics on oil import and production levels. Additionally, monitoring shifts in tourism and their link to food industry demand will be key.
