The data on sunflower seed feed consumption in China from 2014 to 2023 indicates a relatively stable trend with a notable dip in 2015 and a significant spike in 2016. From 2017 onwards, the consumption values have shown minimal year-on-year variations, generally around 0.6% annually since 2020. In 2023, the consumption stood at 1.5 million metric tons. The compound annual growth rate (CAGR) over the past five years also reflects modest growth of 0.62% annually.
Looking ahead to the forecasted data from 2024 to 2028, a stable but slow increase is expected, with the CAGR projected at 0.43% over the next five years, reaching 1.54 million metric tons by 2028. This represents an overall growth of 2.18% during the forecast period.
Future trends to watch for include:
- The impact of global agricultural policies on sunflower seed production and pricing.
- Changes in domestic feed demand driven by shifts in China's livestock and poultry industries.
- Technological advancements in feed production that could enhance efficiency and reduce costs.
