The forecasted imports of castor oil or fractions to India show a consistent upward trend from 2024 to 2028. The expected volumes in 2024 stand at 165.51 thousand kilograms and climb steadily to 189.01 thousand kilograms by 2028. This represents a year-on-year growth rate of approximately 3.66% from 2024 to 2025, 3.46% to 2026, 3.27% to 2027, and 3.10% to 2028. The compound annual growth rate (CAGR) over this five-year period is anticipated to be around 3.37%.
Future trends to watch for include potential fluctuations in global castor oil demand influenced by changes in industrial applications, biofuel developments, and agricultural yield affecting supply. Environmental and trade policies could also play a crucial role. Close monitoring of these factors will be essential for accurate forecasting and strategic planning.
