The forecasted palm oil import volume in China from 2024 to 2028 remains relatively stable, with a slight projected decrease. In 2023, the import volume was slightly above 5.43 million metric tons. For the years 2024 and 2025, it stays constant at 5.43 million metric tons, before slightly decreasing to 5.42 million metric tons from 2026 to 2028. This represents no significant change in the year-on-year variation over the two years and suggests market saturation or stabilization. The compound annual growth rate (CAGR) analysis over the last five years also demonstrates negligible growth.
Future trends to watch for:
- Potential policy changes affecting import regulations or sustainability standards in China.
- Evolution of domestic consumption patterns and demand for palm oil in various sectors.
- Impact of global supply chain fluctuations and international market conditions.