The groundnut oil market size in China has shown a fairly steady trend from 2014 to 2023, remaining close to 1 million metric tons. The market experienced minor fluctuations with significant variations in 2015 (+4.27%) and 2020 (-4.82%). Despite a dip in 2020, the market rebounded in 2021 with a growth of 5.37%. The volume stood at 1.04 million metric tons in 2023. The 5-year average annual growth (CAGR) over the past 5 years stands at approximately 0.1%.
Future trends to watch for:
- Continued steady growth with projected market size remaining at 1.04 million metric tons through 2028.
- External factors such as agricultural policies, weather conditions, and global demand shifts affecting production and consumption patterns.
