In 2023, the import of oleic acid to China stood at around 32 million USD. From 2024 to 2028, forecasts show a continuous growth from 33.39 million USD to 38.367 million USD, indicating a positive trend in demand. The year-on-year growth rates are approximately 3.84% for 2025, 3.62% for 2026, 3.43% for 2027, and 3.24% for 2028. The compound annual growth rate (CAGR) over this period is about 3.55%, reflecting steady expansion.
Future trends to watch for include:
- Potential fluctuations in global supply chains affecting imports.
- Increasing demand for oleic acid in China's industrial and consumer markets.
- Regulatory changes impacting import policies and tariffs.
