In India, rapeseed oil and mustard oil production experienced fluctuating trends from 2014 to 2023, reaching 2.34 million metric tons in 2023. Notable year-on-year variations include a sharp decline of 19.9% in 2015 and a substantial increase of 19.62% in 2018. In the more recent past, production remained relatively stable, with minimal year-on-year changes, such as a modest increase of 0.086% in 2023. Over the past five years, the compound annual growth rate (CAGR) averaged -1.15%. Future forecasts up to 2028 suggest a stable growth with a 5-year CAGR of 0.09%, indicating a growth rate of 0.43% during this period.
Future Trends to Watch For:
- Potential impacts of climate change on crop yields.
- Technological advancements in agricultural practices.
- Government policies and incentives to boost oilseed production.
- Demand shifts due to changing consumer preferences and health trends.
