From 2014 to 2023, the sunflowerseed oil market in China observed a steady increase in volume, reaching 281.0 thousand metric tons in 2023. The year-on-year growth for 2023 stood at 0.72%, reflecting a deceleration compared to previous years. Over the last two decades, the market fluctuated, with significant growth spikes in 2017 and 2021. The compound annual growth rate (CAGR) for the most recent five-year period was 0.73%, highlighting modest expansion.
Future trends indicate a steady, albeit sluggish, growth trajectory with a forecasted 5-year CAGR of 0.74%, resulting in a market size of 294.69 thousand metric tons by 2028. Factors to watch include shifts in consumer preferences, governmental policies on agriculture, and international trade dynamics, which may further influence market trends.
