In 2023, India's import of hydrogenated animal and vegetable fats or oils stood at a certain level, but forecasted data from 2024 to 2028 shows a declining trend. The import value is expected to decrease from $9.7682 million in 2024 to $5.1591 million in 2028. This indicates a yearly decline, with a notable drop in value each year. The compound annual growth rate (CAGR) over these five years highlights an average annual reduction.

Future trends to watch for include:

Changes in domestic production capabilities and consumer demand which could further impact import levels.
Government policies favoring local alternatives and sustainability could accelerate the decline.
Global price fluctuations of raw materials affecting import costs.