The import value of sunflower seed oilcake and other solid residues to China is projected to increase steadily from 2024 to 2028, reaching $148.55 million by 2028. Notably, the forecast reflects a consistent growth trend, with the year-on-year increase set between 5.78% and 4.73% over the span. As of 2023, the actual import value stood below 2024's figure of $121.29 million. The Compound Annual Growth Rate (CAGR) over the 5-year forecast period is positive, indicating a healthy upward market trend.
Future trends to monitor include the influence of China's demand for livestock feed, changes in agricultural policies, and global market dynamics, which could amplify or temper these import trends. Additionally, shifts in domestic production or alternative imports could also alter the trajectory.
