The forecast for sunflowerseed oil production in China shows a consistent decline from 2024 to 2028, with values decreasing from 222.2 to 197.0 thousand metric tons. This indicates a diminishing trend with a significant year-on-year reduction. In comparison to 2023, where the production stood at 230.0 thousand metric tons, 2024 will see an estimated decrease of 3.4%. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is indicative of a negative production trend.
Future trends to watch for include:
- Potential shifts in agricultural policy impacting sunflowerseed cultivation.
- Technological advancements in oil extraction efficiency.
- Consumer demand changes and their effect on production incentives.
- Climate change and its potential impact on crop yields.
