The forecast for the import of rape or colza seed oilcake and other solid residues to China shows a steady increase from 2024 through 2028. In 2023, the import value stood at approximately 496.0 million USD. The projected values indicate a consistent year-on-year growth, with the import value rising from 519.14 million USD in 2024 to 608.66 million USD in 2028. This growth reflects an average compound annual growth rate (CAGR) of approximately 4.0% over the five-year period.
Future trends to watch for:
- Increased demand for rape or colza seed oilcake due to China's expanding livestock industry.
- Potential impact of global climate regulations affecting production and supply chains.
- Trade relations and tariff changes between China and major exporting countries.
- Technological advancements in agriculture affecting production efficiency.
