In 2023, India's import of olive oil and fractions blends amounted to approximately 11.9 million USD. The forecast for 2024 is 12.425 million USD, indicating a year-on-year increase of around 4.4%. This upward trend continues through 2028 with an expected value of 14.6 million USD, translating to a compound annual growth rate (CAGR) of roughly 4.1% over the five-year period. This steady growth highlights India’s expanding demand for olive oil and related products, driven by increasing awareness of health benefits.
Future trends to watch for include:
- Consumer dietary shifts favoring healthy oils.
- Fluctuations in olive oil global supply due to climatic changes.
- Trade policies impacting import tariffs and prices.
