In 2023, the palm oil fat supply quantity per capita in China stood at 5.45 grams per day. The forecast from 2024 to 2028 indicates a gradual decline in supply, with values decreasing from 5.43 grams in 2024 to 5.33 grams in 2028. Year-on-year declines are consistent, averaging slightly below 0.5% annually over this period.
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is negative, reflecting the diminishing trend in palm oil consumption. This suggests a broader trend of reducing reliance on palm oil and possibly a shift towards alternative oils or health-conscious consumer behavior.
Future trends to watch for:
- The impact of health trends encouraging reduced saturated fat intake.
- Government policies on agricultural and import regulations.
- The availability and consumer acceptance of palm oil alternatives.
- Environmental concerns influencing supply chain dynamics and public opinion.
