In 2023, China's animal fats import volume was lower than the forecasted 608.86 thousand metric tons for 2024. The projected data indicates a steady growth in imports, reaching 634.33 thousand metric tons by 2028. Year-on-year, this reflects a consistent growth trend approximately between 1.07% and 1.03% annually over the 2024-2028 timeframe. This growth can be further understood by analyzing the compounded annual growth rate (CAGR), which demonstrates an average yearly increase over a five-year period.
Future trends to watch for include potential shifts in dietary patterns, the impact of government regulations on animal fat imports, and global supply chain adjustments due to environmental and trade policies, which could influence China's import strategies.
