In 2023, China's exports of animal or vegetable fats and oils, and their related products stood at $3.30 billion. The forecast from 2024 to 2028 shows a steady increase from $3.69 billion to $5.72 billion. Year-on-year growth rates are approximately 14.08% from 2024 to 2025, 12.09% from 2025 to 2026, 10.59% from 2026 to 2027, and 9.58% from 2027 to 2028. The 5-year compound annual growth rate (CAGR) is anticipated at around 12.35%.
Future trends to watch for include:
- Changing dietary patterns and health trends affecting demand.
- Global trade policies influencing export opportunities or restrictions.
- Innovations in production technologies potentially reducing costs and driving competitiveness.