In 2023, China's vegetable oil import volume stood at 9.88 million metric tons. The forecast for 2024 projects an import volume of 9.91 million metric tons, with a steady increase expected to reach 10.06 million metric tons by 2028. This reflects a consistent upward trend, with an average annual increase (CAGR) of approximately 0.35% over the forecast period.

Key future trends to watch include:

Impact of domestic production policies on import reliance.
Changes in consumer preferences towards healthier oils which may influence import compositions.
Global market fluctuations including trade policies and relations impacting import volumes.
Technological advances in oilseed processing that could alter China’s import needs.