The import of linseed to China is forecasted to grow steadily from 2024 to 2028, starting at 520.47 million kilograms and reaching 600.23 million kilograms by 2028. This represents a consistent rise, indicating increased demand or utilization of linseed. Considering the actual import data for 2023 stood at 500 million kilograms, the year-on-year growth rate begins around 4% and gradually slows down to approximately 3.5% over this period. The compound annual growth rate (CAGR) for 2024-2028 is approximately 3.6%.
Future trends to watch for:
- Potential changes in dietary trends or industrial uses influencing demand.
- Impact of trade policies and agricultural output from major supplying countries.
- Technological advancements affecting the processing and utilization of linseed.