In 2023, China's import of sunflower or safflower oil and fractions stood at TBD million USD. Forecasts indicate a consistent upward trend from 2024 to 2028, with values rising from 44.045 million USD in 2024 to 51.551 million USD in 2028. Year-on-year growth rates are approximately 4.4% from 2024 to 2025, 4.1% from 2025 to 2026, 3.9% from 2026 to 2027, and 3.7% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 3.9%, showcasing a steady demand increase.
Future trends to watch for:
- Potential trade policies and tariff changes affecting import costs.
- Shifts in consumer demand towards healthier oil options in China.
- Impact of climate change on global production and supply chain stability.
- Technological advancements in oil refining and their effect on pricing.
