The demand for oilseeds in India has shown a general decreasing trend from 2014 to 2023, with the volume standing at 47.73 million metric tons in 2023. The year-on-year variations indicate fluctuating changes, with significant drops in 2015 and increments in 2017. The CAGR over the last 5 years portrays an average annual decline of -0.31%. Forecasts for 2024 and beyond predict a continued slight decrease with a 5-year CAGR of -0.2%, suggesting a moderately declining demand trajectory.
Future Trends to Watch For:
- Potential impacts of government policies on agricultural production.
- Technological advancements in oilseed cultivation and processing.
- Global market influences and trade agreements.
- Changes in domestic consumption patterns due to economic shifts.
- Environmental factors like climate change affecting crop yields.
