Oilseeds feed consumption in China stood at 16.81 million metric tons in 2023. Over the past decade, demand has shown fluctuations, with notable year-on-year variations such as a 10.58% rise in 2015 and a 13.92% increase in 2017, but also significant drops by -9.74% in 2016 and -11.85% in 2018. The compound annual growth rate (CAGR) over the last five years has averaged 0.78%, depicting a relatively stable but slow growth trajectory. The forecast for 2024 and beyond indicates a modest increase, with a CAGR of 0.09% projected over the next five years.
Future trends to watch for:
- Potential impact of government policies on agriculture and biofuel sectors
- Shifts in global trade dynamics affecting oilseeds import and export
- Technological advancements in farming practices and feed efficiency
- Changes in dietary preferences and demand for animal protein