The development of China's economy and the improving living standards, the consumption volume of edible oil per capita is also rising, which was less than 3kg in 1980 but already more than 20kg in 2017. A large part of the edible oil in China is transgenic soybean oil because of its low price and high production volume.

China was a leading producer of soybeans. In the early 1990s, the highest export volume exceeded 1 million tons in China as a net exporter of soybeans. However, soybean has become a kind of agricultural products with the largest import volume in China. Since 1996, the domestic production volume of soybeans has been on the decline. From 1995 to 2002, the import volume of soybeans constantly increased while the export volume declined year by year. The import volume of soybeans in China reached 13.94 million tons in 2002, which was close to the domestic production volume of soybeans. In 2003, the imported soybeans amounted to 20.74 million tons, first exceeding the domestic production volume. The import volume was already over 90 million tons in 2017.

To know more details please follow the below link :-

https://www.reportmarkets.com/208372-Research-Report-on-China-Soybean-Industry--2018-2022