The forecast for soybean oil production in China indicates a steady increase from 2024 to 2028, starting at 17.9 million metric tons in 2024 and reaching 19.49 million metric tons by 2028. In 2023, the production stood at 17.5 million metric tons, which implies an increase in annual production. The year-on-year growth rates from 2024 to 2028 show a positive upward trend, indicating a consistent increase in production, with a Compound Annual Growth Rate (CAGR) of approximately 2.2% over these five years.

Future trends to watch for:

Global demand shifts, which could influence China's production strategy.
Technological advancements in agriculture impacting yield and efficiency.
Government policies and trade agreements affecting soybean imports and domestic processing capabilities.
Sustainability and environmental policies influencing production practices.