In 2023, China's rapeseed oil and mustard oil stock variation was at -774,000 metric tons. The forecasted data indicates a continuing trend of decreasing stock levels from 2024 to 2028. Year-on-year, there is a consistent decline in stocks with rates varying around 3.7% between 2024 and 2025, and a similar pattern persists until 2028, suggesting a compounded annual decline of approximately 3.5% over these years. This negative growth trend points to a potential gap between domestic demand and supply, possibly driven by increased consumption or lower production output.
- Future trends to watch for:
- Potential shifts in agricultural policy to boost domestic production.
- Increased import reliance to offset domestic stock deficits.
- Market changes due to climate impacts affecting yield.
- Economic factors affecting consumer purchasing power and demand.
