The forecast for stock variation of raw animal fats in India from 2024 to 2028 shows a consistent decline, starting at -13,000 metric tons from 2024 to 2025, decreasing further to -14,000 metric tons during 2026 and 2027, and reaching -15,000 metric tons by 2028. Compared to the previous actual data from 2023, where stocks stood at -12,000 metric tons, there is a noticeable negative trend.
Key observations include:
- 2024 shows a 8.3% decline from the 2023 level.
- Year-on-year variations are projected to continue this downward trajectory, with an average annual decline.
- The compound annual growth rate (CAGR) over the five-year period implies a steady decline, emphasizing an increasing negative stock variation.
Future trends to monitor include potential shifts in domestic demand for raw animal fats, changes in agricultural policies, and technological advancements in animal fat production which may influence stock levels. Monitoring these factors can provide insights into whether the stock variation trend may stabilize or further deteriorate.
