Based on the forecast data, the demand for mustardseed and rapeseed in China is expected to decline steadily from 17.33 million metric tons in 2024 to 16.86 million metric tons in 2028. This represents a year-on-year decrease of approximately 0.7% to 0.8%. As of 2023, the actual demand stood at 17.45 million metric tons. Over the last two years, the demand has declined by roughly 1.4%. The compound annual growth rate (CAGR) over the next five years is estimated to be around -0.7%.
Future trends to watch for include potential changes in consumer preferences and dietary shifts, government policies affecting agricultural subsidies and import/export regulations, and advancements in agricultural technology and seed quality which may alter production efficiencies and demand patterns.
