In 2023, China's import of refined canola, rape, colza, or mustard oil fractions stood at 22.850 million kilograms. Forecast data from 2024 to 2028 indicates a consistent upward trend in imports. Year-on-year percentage increases are projected at approximately 0.38% from 2024 to 2025, with a similar rate persisting through 2028. Over this five-year forecast period, the compound annual growth rate (CAGR) is expected to average around 0.37%, suggesting steady, modest growth.
Future trends to watch for include potential changes in domestic oilseed production, global market price fluctuations, and China's evolving dietary preferences, which could impact import volumes more significantly.
