The import of refined olive oil and fractions to China is projected to increase steadily from 9.5198 million kilograms in 2024 to 11.133 million kilograms in 2028. Compared to 2023, when the figure stood at approximately 9.1 million kilograms, the imports in 2024 signify a moderate escalation. The year-on-year growth from 2024 onwards varies slightly between each year but shows a consistent upward trajectory, reflecting robust demand in the Chinese market. The compound annual growth rate (CAGR) over this five-year period suggests a stable growth trend.
Future trends to watch for include potential shifts in consumer preferences towards healthier oils, which could amplify import growth, and the geopolitical dynamics impacting international trade agreements that could influence pricing and supply chains. Additionally, tracking China's domestic production capacity might offer insights into future import dependency.
