In 2023, India's soybean oil export volume was similar to 2024's forecast of 9.0 thousand metric tons. The forecast shows a stable trend in 2024 and 2025, with a slight increase projected in 2026 through 2028, stabilizing at 10.0 thousand metric tons. The compound annual growth rate (CAGR) over these years indicates a modest growth rate with an uptick of 11.11% on a year-on-year basis from 2025 to 2026, and stabilization thereafter.
Future trends to watch for:
- Impact of global market demand fluctuations on export volumes.
- Influence of domestic production levels and policy changes on export capabilities.
- Shifts in international trade policies affecting soybean oil trade, such as tariffs or trade agreements.
- Technological advancements in production and supply chain efficiencies.