In 2023, the import value of oleic acid to India stood at 20.75 million USD. The forecast from 2024 to 2028 shows a steady upward trend in imports, with an average annual increase of approximately 3.89%. The year-on-year growth is projected to be around 4.11% in 2024, decreasing slightly over the following years.
Future trends to watch for include potential shifts in global oleic acid production and demand dynamics, regulatory changes affecting imports, and technological advancements in oleic acid applications, which could influence India’s import requirements and alter the forecasted trajectory.
