The forecast for China's imports of animal and vegetable oils, fats, and waxes shows a gradual increase from 2024 to 2028, starting at $15.44 billion in 2024 and reaching $16.62 billion in 2028. As of 2023, actual import values were slightly below the 2024 forecast, showing a steady upward trend. Between 2024 and 2028, the import values are expected to increase annually by approximately 1.93%.
Key trends to watch for in this sector include:
- Impacts of dietary trends and health awareness on consumption patterns.
- Fluctuations in global oil prices affecting import volumes.
- Government policies related to trade tariffs and sustainability initiatives.
