In 2023, China's sunflower seed oil supply was approximately 1.88 million metric tons. Forecasts for 2024-2028 indicate a steady year-on-year increase: 2024 shows a 4.3% rise from 2023, with a projected increment to 2.26 million metric tons by 2028, averaging a 3.73% annual growth rate. This trend highlights a consistent increase over this period, likely driven by rising demand and improvements in production capabilities.
Future trends to watch for include:
- Sustainability initiatives affecting production methods and costs.
- Changes in domestic policies influencing import tariffs and local production support.
- Fluctuations in global market prices impacting local supply and demand dynamics.