The vegetable oils export volume in India saw significant growth between 2014 and 2023. Starting at 519.0 thousand metric tons in 2014, the export volume increased to 752.0 thousand metric tons by 2023. The growth was particularly pronounced in 2015, with a year-on-year increase of 15.22%, though the annual growth rates have generally stabilized to under 2% in recent years. Over the last five years, the compound annual growth rate (CAGR) is 1.94%. As of 2024, forecasts indicate that the export volume is projected to continue growing, reaching 811.0 thousand metric tons by 2028, with a forecasted 5-year CAGR of 1.2% and an overall growth rate of 6.15%.
Future trends to watch for include potential impacts of global trade regulations on vegetable oil exports, shifts in international demand, and advancements in agricultural technology that could affect production yields. Additionally, market dynamics such as price volatility and geopolitical factors could significantly influence export volumes. Keeping an eye on these trends will be crucial for stakeholders in the Indian vegetable oil industry.
