Forecast: Maize Oil Production in China

In 2023, China's maize oil production was slightly below the 2024 forecasted figure of 568.75 thousand metric tons. The production is expected to grow steadily to 635.42 thousand metric tons by 2028. The year-on-year increase is consistent, indicating approximately a 3% rise each year. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is around 2.8%, reflecting a stable upward trend in production.

Future trends to watch for:

  • Impact of climate change on maize yields and subsequent oil production.
  • Changes in domestic demand due to dietary shifts and industrial use.
  • Government policies promoting agricultural sustainability and technological advancements in oil extraction.
  • International trade dynamics affecting maize imports and exports.

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