In 2023, the import of groundnut oilcake and other solid residues to China stood at approximately 28 million USD. Forecasted values from 2024 to 2028 show a steady increase, reaching nearly 32 million USD by 2028. This steady growth reflects year-on-year variations, with an increase of approximately 2.9% to 3% each year from 2024 to 2028. The compound annual growth rate (CAGR) over the five years is projected to be around 2.8%.
Future trends to watch for include potential fluctuations in global supply chains affecting pricing and import volumes, as well as shifts in China's domestic policy regarding import tariffs or agricultural subsidies that could impact demand for imported oilcake products.
