Oil seeds and oleaginous fruits market in China

Earlier Report Observations

From 2018 to 2020, the market volume for oil seeds and oleaginous fruits in China increased moderately from 1 653 thousand tonnes to 1 664 thousand tonnes. This growth was primarily driven by government support policies that encouraged the expansion of cultivation areas for oilseed crops, leading to higher domestic production. Rising consumption demand and a high dependence on imports also shaped the market dynamics during this period.

The market volume reached 1 704 thousand tonnes in 2021, marking a significant increase, after which it stabilized around 1 698 thousand tonnes in 2022 and 2023. This surge was a direct result of the national oilseed capacity enhancement project launched in 2021, which aimed to increase planting areas and improve yields. In subsequent years, the focus shifted towards high-quality development, with initiatives like soybean intercropping and the promotion of precision processing, helping to maintain stable market volume.

Production oil seeds and oleaginous fruits in China

In kind, 2017-2020, K t

From 2017 to 2020, China was the world's largest producer of oil seeds and oleaginous fruits.

Top producers of oil seeds and oleaginous fruits, 2017-2020

World map of production of oil seeds and oleaginous fruits, 2017-2020

China's production of oil seeds and oleaginous fruits declined after two years of growth. In 2020, output reached 1 707 thousand tonnes, showing minimal change from 2019. The peak was recorded in 2019 at 1 710 thousand tonnes, with the largest annual increase occurring in 2018 at 1.1%.

Annual dynamics of production in China in kind, 2017-2020, K t

In value, 2017-2020, M $ US

In 2020, the value of China's oil seeds and oleaginous fruits production was 3 598 million US dollars, up 2.3% from the previous year. Over the 2017-2020 period, production value grew by 17.6%, equivalent to an annualized rate of 5.6%. The largest increase was in 2018 at 14.9%, while 2019 saw no significant change.

Annual dynamics of production in China in value, 2017-2020, M $ US

Exports oil seeds and oleaginous fruits from China

Exports in kind, t

China's exports of oil seeds and oleaginous fruits declined for the third consecutive year. In 2020, exports totaled 52 247 tonnes, a 5.0% decrease year-over-year. From 2017 to 2020, exports fell by 16.3%, with a compound annual growth rate of -5.7%.

Annual dynamics of product's exports from China in kind, 2017-2020, t

From 2017 to 2020, South Korea, accounting for 40.8% of exports in volume, Asia not elsewhere specified at 12.3%, and Spain at 10.7% were the key destinations, together representing 63.8% of total export flows.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from China in kind, 2017-2020

Exports in value, M $ US

China's export value of oil seeds and oleaginous fruits declined for the second year in a row. In 2020, exports were valued at 110.1 million US dollars, down 2.6% from 2019. Between 2017 and 2020, export value decreased by 3.2%, equating to an annualized rate of -1.1%. The highest value was recorded in 2018 at 114.2 million US dollars, with the largest increase that year at 0.4%.

Annual dynamics of product's exports from China in value, 2017-2020, M $ US

Throughout 2017-2020, South Korea, with 37.4% of export value, Asia not elsewhere specified at 20.9%, and the Netherlands at 6.9% were the main markets, jointly accounting for 65.2% of total export value.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from China in value, 2017-2020

Imports oil seeds and oleaginous fruits to China

Imports in kind, t

In 2020, China's imports of oil seeds and oleaginous fruits amounted to 9 243 tonnes, a 26.6% decrease from 2019. Over the 2017-2020 period, imports fell by 59%, with an annualized rate of -25.7%. The largest decline occurred in 2018 at 44.7%, while 2019 saw a modest increase of 0.9%.

Annual dynamics of product's imports to China in kind, 2017-2020, t

From 2017 to 2020, Italy, with 39.4% of import volume, North Korea at 26.3%, and France at 11.7% were the top suppliers, together making up 77.4% of total import volume.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to China in kind, 2017-2020

Imports in value, M $ US

After two years of decline, China's import value of oil seeds and oleaginous fruits increased. In 2020, imports were valued at 12.5 million US dollars, up 6.5% year-over-year. Between 2017 and 2020, import value decreased by 34.7%, with an annualized rate of -13.2%. The lowest value was in 2019 at 11.8 million US dollars, and the largest decline was in 2018 at 32.3%.

Annual dynamics of product's imports to China in value, 2017-2020, M $ US

In 2017-2020, Italy, accounting for 26.2% of import value, Mexico at 22.4%, and North Korea at 20.2% were consistently the main sources, together representing 68.7% of total import value.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to China in value, 2017-2020