In 2023, India imported palm nut or kernel oil cake and other solid residues amounted to 23.235 million kilograms. From 2024 to 2028, the forecasted import volumes exhibit a steady upward trend. Year-on-year growth percentages highlight a consistent increase starting from 4.09% in 2024, rising to approximately 3.54% by 2028. Over the five-year period, the compound annual growth rate (CAGR) is approximately 4.01%, indicating a stable growth trajectory in the import volumes expected for the next five years.
Future trends to watch include potential shifts due to environmental regulations affecting palm oil production, fluctuations in global demand and supply, and changes in consumer preferences towards alternatives. Monitoring these factors will be critical for accurately predicting future patterns in imports.
