From 2024 to 2028, the demand for rapeseed oil and mustard oil in China is expected to show a consistent decline. In 2023, actual demand stood at 5.0 million metric tons. The forecasted values indicate a contraction of 0.10 million metric tons annually, culminating in a total drop of 0.40 million metric tons over five years. The year-on-year variation for 2024 to 2025 is approximately -2.05%, with a compound annual growth rate (CAGR) for the period to be around -2.12%.
Future trends to watch include potential shifts in consumer preferences towards healthier oils or local substitutes. Additionally, market conditions such as trade policies, agricultural yields, and innovations in oil production could significantly affect demand dynamics. Monitoring these factors will be crucial for stakeholders in the industry.
